declaration of policy

declaration of policy Sec. 301. Section 702 of the National Wool Act of 1954, as amended, is amended to read as follows: “Sec. 702. It is hereby recognized that wool is an essential, strategic, and energy-efficient commodity which is not produced in the United States in sufficient quantities and grades to meet the domestic needs; and that the desired domestic production of wool is impaired by predatory animals and by the depressing effects of wide fluctuations in the price of wool in the world markets. It is hereby declared to be the policy of Congress, as a measure of national security and to pro-mote the. general economic welfare, a positive balance of trade, and the efficient use of the Nation’s resources, to encourage the continued domestic production of wool at prices fair to both producers and consumers in a manner which will assure a viable domestic wool industry in the future.”.