BTW, To my limited and imperfect knowlege SAAMI lowered the .38 spl +P standard from 20k PSI to 18.5k PSI. If it was raised back to 20k I'm glad and would like to see documentation. The drop to 18.5k was ridiculous.
When I wrote my first post, I was certain I'd read about an increase to 20,000 psi for .38 Special +P, so I tried to find a definitive source. The SAAMI website is no help as they only allow access to their data for SAAMI members. Several other sites are easily found that list tables of SAAMI pressures, but some of them give 18,500 psi and some give 20,000 psi.
I then checked 3 Speer Manuals:
Speer #12, published 1994, gives 18,500 psi.
Speer #13, published 1998, gives 20,000 psi.
Speer #14, published 2007, gives 20,000 psi.
This would suggest an increase to 20,000 psi between 1994 and 1998. Interestingly, most of the .38 Special +P data hasn't changed in these manuals over a 13 year period! Although some powders and bullets have been added or deleted, most of the maximum loads and velocities are identical in the 3 manuals and don't reflect a redo of the data to reflect an increase in SAAMI maximum pressure.
The current Hornady manual (#7) doesn't list pressures at all.
The 3rd Edition Lyman Pistol and Revolver Handbook doesn't list SAAMI pressures, but it does report pressure data for some of its loads. The highest pressure listed for a .38 Special +P load is 19,800 cup (not psi), but all the others are close to 18,500 cup.
The 2003 Hodgdon Basic Manual lists .38 Special +P loads going up to 19,800 cup.
And finally, the Ramshot (Western) Powder website lists 18,500 psi as the SAAMI maximum.
My conclusion from all this is that I can't cite a definitive source for my opinion. I'll try contacting Speer to get an answer to this question. Also, I believe Hornady and RCBS answer questions on reloading either by phone or on the web.