Capper-Volstead Act

Business / Agriculture / Capper-Volstead Act: P.L. 67-146 (February 18, 1922), with a bit of exaggeration, is sometimes called the Magna Carta of Cooperation. The law was passed in response to challenges made against cooperatives using the Sherman Antitrust Act, the Clayton Antitrust Act, and the Federal Trade Commission Act. It gave 'associations' of persons producing agricultural products certain exemptions from antitrust laws. The law carries the names of its sponsors, Senator Arthur Capper of Kansas and Congressman Andrew Volstead of Minnesota.

Other Words for Act

Act Verb Synonyms: behave (oneself), carry on, deport oneself, comport oneself, conduct oneself
Act Noun Synonyms: deed, action, undertaking, operation, step, move, feat, exploit, accomplishment, achievement
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Clayton Act

Business / Agriculture / Clayton Act: A 1914 law that supplemented the Sherman Anti-Trust Act of 1890 by clarifying market activities (including those in agriculture) considered to be monopolistic or trade-restraining. The Capper-Volstead MORE

Sherman Anti-Trust Act

Business / Agriculture / Sherman Anti-Trust Act: The 1890 law is considered the foundation of federal anti-monopoly policy. Passed partly as an outgrowth of congressional investigations into alleged price collusion among large meat packers, the law MORE

No-Action Letter

Business / Finance / No-Action Letter: A letter from the Securities and Exchange Commission agreeing that the commission will take no civil or criminal action against a party, regarding a specific activity. MORE

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