National Wool Act of 1954 explained

Shorttitle:National Wool Act of 1954
Longtitle:An Act to provide for greater stability in agriculture; to augment the marketing and disposal of agricultural products; and for other purposes.
Nickname:Agricultural Act of 1954
Enacted By:83rd
Effective Date:August 28, 1954
Public Law Url:http://www.gpo.gov/fdsys/pkg/STATUTE-68/pdf/STATUTE-68-Pg897.pdf
Cite Public Law:83-690
Cite Statutes At Large: aka 68 Stat. 910
Title Amended:7 U.S.C.: Agriculture
Sections Created: § 1781 et seq.
Introducedin:House
Passedbody1:House
Passeddate1:July 2, 1954
Passedvote1:228-170
Conferencedate:August 17, 1954
Passedbody3:Senate
Passeddate3:August 17, 1954
Passedvote3:44-28
Passedbody4:House
Passeddate4:August 17, 1954
Passedvote4:agreed/passed
Signedpresident:Dwight D. Eisenhower
Signeddate:August 28, 1954

The National Wool Act of 1954 (Title VII of Agricultural Act of 1954 (P.L. 83-690)) provided for a new and permanent price support program for wool and mohair to encourage increased domestic production through incentive payments.[1]

Wool and mohair commodity programs were in effect through marketing year 1995, at which time it was terminated under the explicit mandate of P.L. 103–130, Sec. 1.

See also

Notes and References

  1. Web site: Dwight D. Eisenhower: "Statement by the President Upon Signing the Agricultural Act of 1954" August 28, 1954 . Peters,Gerhard . Woolley, John T . The American Presidency Project . University of California - Santa Barbara . June 25, 2013.