Deficit Reduction Act of 2005

[AI summary unavailable — showing source text] Deficit Reduction Act of 2005 - Provides for reconciliation of the budget for FY2006 pursuant to H.Con.Res. 95 (congressional budget resolution) by the House Committees on: (1) Agriculture; (2) Education and the Workforce; (3) Energy and Commerce; (4) Financial Services; (5) the Judiciary; (6) Resources; (7) Transportation and Infrastructure; and (8) Ways and Means. Agricultural Reconciliation Act of 2005 - Prescribes or revises requirements for: (1) reduction of covered commodities and peanuts program payments; (2) reduction in advance direct payments; (3) cotton competitiveness; (4) reduction in the use of Commodity Credit Corporation (CCC) funds for watershed rehabilitation programs; (5) reductions in funds for the conservation security program; (6) limitations on use of CCC funds for agricultural management assistance programs; and (7) termination of the use of CCC funds for renewable energy systems and energy efficiency improvements programs. Terminates funding for enhanced access to broadband telecommunications services in rural areas, valued-added agricultural product market development grants, rural business investment programs, rural business strategic investment grants, r…