Misplaced Pages

Cotton Futures Act

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.

The Cotton Futures Act of 1914 (also known as the Smith-Lever law ) authorized the United States Department of Agriculture to establish physical standards as a means of determining color grade, staple length and strength, and other qualities and properties for cotton . It was intended to minimize speculative manipulation of the cotton market.

#69930

5-622: The Act was rendered unconstitutional in Federal district court because it originated in the Senate . As a revenue act, it should have been drafted in the House . It was replaced by the Cotton Futures Act of 1916 . This United States federal legislation article is a stub . You can help Misplaced Pages by expanding it . Unconstitutional In constitutional law , constitutionality

10-479: A national legislature or by a subordinate-level legislature such as that of a state or province may be declared unconstitutional. However, governments do not only create laws but also enforce the laws set forth in the document defining the government, which is the constitution. When the proper court determines that a legislative act or law conflicts with the constitution, it finds that law unconstitutional and declares it void in whole or in part. Depending on

15-479: Is said to be the condition of acting in accordance with an applicable constitution ; the status of a law, a procedure , or an act's accordance with the laws or set forth in the applicable constitution. When laws, procedures, or acts directly violate the constitution, they are unconstitutional . All others are considered constitutional unless the country in question has a mechanism for challenging laws as unconstitutional. An act or statute enacted as law either by

20-520: The United Kingdom and New Zealand or because the constitution is codified, but no court has the authority to strike down laws on the basis of it like in the Netherlands and Switzerland . In many jurisdictions, the supreme court or constitutional court is the final legal arbiter that renders an opinion on whether a law or an action of a government official is constitutional. Constitutions define

25-429: The type of legal system, a statute may be declared unconstitutional by any court or only by special constitutional courts with authority to rule on the validity of a statute. In some countries, the legislature may create any law for any purpose, and there is no provision for courts to declare a law unconstitutional. That can occur either because the country has no codified constitution that laws must conform to like in

#69930