A bill to amend the Agricultural Trade Development and Assistance Act of 1954.

[AI summary unavailable — showing source text] Redefines the purposes of the Food for Peace Program established by the Agricultural Trade Development and Assistance Act to require that agricultural assistance under such program, if used to promote the foreign policy of the United States, not interfere with the humanitarian purposes of the program. Prohibits the Commodity Credit Corporation from financing the sale and export of agricultural commodities for any exporter or to any country if the sale and export of such commodities would, in any way, be inimical to the interests of the United States. Requires the President to take precautions to avoid disrupting the agricultural production of countries receiving assistance under such Act. Requires the President to assure that free and open competition is maintained in contracting for goods and services under such Act. Increases from 5 percent to 10 percent the amount of the purchase price of agricultural commodities sold under such Act which must be payable in dollars. Directs the President to obtain commitments from countries purchasing commodities that appropriate steps will be taken to assure that the neediest individuals in such countries will have reasonable access to all or p…