Business / Agriculture / Steagall Amendment Of 1941: P.L. 77-144 (July 1, 1941) required price support for many nonbasic commodities at 85% of parity or higher. In 1942, the minimum rate was increased to 90% of parity and was required to be continued for 2 years after the end of World War II. The 'Steagall commodities' included hogs, eggs, chickens (with certain exceptions), turkeys, milk, butterfat, certain dry peas, certain dry edible beans, soybeans, flaxseed and peanuts for oil, American-Egyptian (ELS) cotton, potatoes, and sweet potatoes.
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Amendment Noun Synonyms: correction, emendation, reformation, change, alteration, rectification, repair, reform, improvement, amelioration, betterment, enhancement
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