About: Onion Futures Act

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The Onion Futures Act is a United States law banning the trading of futures contracts on onions as well as "motion picture box office receipts". In 1955, two onion traders, Sam Siegel and Vincent Kosuga, cornered the onion futures market on the Chicago Mercantile Exchange. The resulting regulatory actions led to the passing of the act on August 28, 1958. As of August 2022, it remains in effect. The law was amended in 2010 to add motion picture box office futures to the list of banned futures contracts, in response to lobbying efforts by the Motion Picture Association of America.

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  • The Onion Futures Act is a United States law banning the trading of futures contracts on onions as well as "motion picture box office receipts". In 1955, two onion traders, Sam Siegel and Vincent Kosuga, cornered the onion futures market on the Chicago Mercantile Exchange. The resulting regulatory actions led to the passing of the act on August 28, 1958. As of August 2022, it remains in effect. The law was amended in 2010 to add motion picture box office futures to the list of banned futures contracts, in response to lobbying efforts by the Motion Picture Association of America. (en)
  • 洋蔥期貨法案是美國一項禁止對洋蔥進行期貨交易的國會法案。 1955年，商人Sam Seigel與通過大量囤貨成功操縱了的洋蔥期貨市場。針對此一事件而施行的監管措施最終促成了洋蔥期貨法案的誕生。 (zh)
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  • 1103911703 (xsd:integer)
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dbp:amendments
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dbp:effectiveDate
  • 1958-08-28 (xsd:date)
dbp:enactedBy
  • 85 (xsd:integer)
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dbp:introduceddate
  • 1957-01-03 (xsd:date)
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dbp:longtitle
  • An act to prohibit trading in onion futures on commodity exchanges (en)
dbp:passedbody
  • House (en)
  • Senate (en)
dbp:passeddate
  • 1958-03-13 (xsd:date)
  • 1958-07-11 (xsd:date)
dbp:shorttitle
  • Onion Futures Act (en)
dbp:signeddate
  • 1958-08-28 (xsd:date)
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  • The Onion Futures Act is a United States law banning the trading of futures contracts on onions as well as "motion picture box office receipts". In 1955, two onion traders, Sam Siegel and Vincent Kosuga, cornered the onion futures market on the Chicago Mercantile Exchange. The resulting regulatory actions led to the passing of the act on August 28, 1958. As of August 2022, it remains in effect. The law was amended in 2010 to add motion picture box office futures to the list of banned futures contracts, in response to lobbying efforts by the Motion Picture Association of America. (en)
  • 洋蔥期貨法案是美國一項禁止對洋蔥進行期貨交易的國會法案。 1955年，商人Sam Seigel與通過大量囤貨成功操縱了的洋蔥期貨市場。針對此一事件而施行的監管措施最終促成了洋蔥期貨法案的誕生。 (zh)
rdfs:label
  • Onion Futures Act (en)
  • 洋蔥期貨法案 (zh)
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