1999 U.S. Code
Title 7 - AGRICULTURE
CHAPTER 1 - COMMODITY EXCHANGES
Sec. 3 - Transaction in interstate commerce
View Metadata| Publication Title | United States Code, 1994 Edition, Supplement 5, Title 7 - AGRICULTURE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 7 - AGRICULTURE CHAPTER 1 - COMMODITY EXCHANGES Sec. 3 - Transaction in interstate commerce |
| Contains | section 3 |
| Date | 1999 |
| Laws in Effect as of Date | January 23, 2000 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Sept. 21, 1922, ch. 369, §2(b), 42 Stat. 998; June 15, 1936, ch. 545, §2, 49 Stat. 1491. |
| Statutes at Large References | 42 Stat. 998 49 Stat. 1491 |
§3. Transaction in interstate commerce
For the purposes of this chapter (but not in any wise limiting the definition of interstate commerce in section 2 of this title) a transaction in respect to any article shall be considered to be in interstate commerce if such article is part of that current of commerce usual in the commodity trade whereby commodities and commodity products and by-products thereof are sent from one State, with the expectation that they will end their transit, after purchase, in another, including in addition to cases within the above general description, all cases where purchase or sale is either for shipment to another State, or for manufacture within the State and the shipment outside the State of the products resulting from such manufacture. Articles normally in such current of commerce shall not be considered out of such commerce through resort being had to any means or device intended to remove transactions in respect thereto from the provisions of this chapter. For the purpose of this section the word “State” includes Territory, the District of Columbia, possession of the United States, and foreign nation.
(Sept. 21, 1922, ch. 369, §2(b), 42 Stat. 998; June 15, 1936, ch. 545, §2, 49 Stat. 1491.)
CodificationSection is comprised of subsec. (b) of section 2 of the Commodity Exchange Act, act Sept. 21, 1922. Part of subsec. (a) of such section 2 is classified to section 2 and the remainder of such subsec. (a) is classified to sections 2a, 4, and 4a of this title.
Amendments1936—Act June 15, 1936, substituted “commodity” and “commodities”, as the case may require, for “grain” wherever appearing.
Effective Date of 1936 AmendmentAmendment by act June 15, 1936, effective 90 days after June 15, 1936, see section 13 of that act, set out as a note under section 1 of this title.
Cross ReferencesInterstate commerce defined, see section 2 of this title.
Power of Congress to regulate interstate commerce, see Const. Art. I, §8, cl. 3.
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