Section 22

Business / Agriculture / Section 22: A provision of permanent agricultural law (Agricultural Adjustment Act Amendment of 1935) that allows the President to impose import fees or import quotas to prevent imports from non-WTO member countries from undermining the price support and supply control objectives of domestic farm programs. Legislation implementing NAFTA and the Uruguay Round Agreement on Agriculture exempts NAFTA partners and WTO member countries from Section 22 quotas and fees. Under both trade agreements, the United States converted then-in-effect Section 22 restrictions into tariff-rate quotas. This effectively eliminates Section 22 as a tool to shield domestic price support operations.

Other Words for Section

Section Noun Synonyms: sample, slice, cross-section, fraction
Section Adjective Synonyms: part, division, department, branch, sector, group, detachment, segment, portion, subdivision, component, element
MORE

Section 504 Loans And Grants

Business / Agriculture / Section 504 Loans And Grants: A USDA rural housing repair program authorized under Section 504 of the Housing Act of 1949. Under current regulations, rural homeowners with incomes of 50% or less of the area median may qualify for MORE

Section 514 Loans

Business / Agriculture / Section 514 Loans: A domestic farm labor housing program authorized under Section 514 of the Housing Act of 1949. The Rural Housing Service (RHS) makes loans to farm owners, associations of farm owners, or nonprofit org MORE

Section 515 Loans

Business / Agriculture / Section 515 Loans: A USDA rural housing program authorized under Section 515 of the Housing Act of 1949. The Rural Housing Service is authorized to make loans to provide rental housing for low- and moderate-income famil MORE

Links
Home
Glossary
Thesaurus