This Act is P.L. 83-690 (August 28, 1954) which established a flexible price support for basic commodities (excluding tobacco) at 82.5-90% of parity and authorised a Commodity Credit Corporation reserve for foreign and domestic relief. Title VII was designated the National Wool Act of 1954 and provided for a new price support programme for wool and mohair to encourage increased domestic production. Price support for wool and mohair continued through marketing year 1995, at which time it was phased down and terminated under the explicit mandate of P.L. 103-130 (November 1, 1993).