Page:United States Statutes at Large Volume 99 Part 2.djvu/393

 PUBLIC LAW 99-198—DEC. 23, 1985

99 STAT. 1503

(b) Section 4(h) of the Commodity Credit Corporation Charter Act (15 U.S.C. 714b(h)) is amended— (1) in the fourth sentence— (A) by striking out "is authorized," and inserting in lieu thereof "shall, to the maximum extent practicable, in consultation with the Secretary of State, and"; and (B) by striking out "to"; (2) in the fifth sentence, by striking out "normal commercial Commerce and trade channels shall be utilized and priority shall be given" and trade. inserting in lieu thereof "the Secretary shall: (1) use normal commercial trade channels; (2) take action to avoid displacing usual marketings of United States agricultural commodities and the products thereof; (3) take reasonable precautions to prevent the resale or transshipment to other countries, or use for other than domestic use in the importing country, of agricultural commodities used for such exchange; and (4) give priority"; (3) by inserting after the fifth sentence the following new sentence: "The Corporation may solicit bids from, and utilize, private trading firms to effect such exchange of goods."; (4) in the eighth sentence (as amended by clause (3)), by striking out "when" and inserting in lieu thereof "in the same fiscal year such materials are"; and (5) by inserting after the eighth sentence (as amended by Petroleum and clause (3)) the following new sentence: "If the volume of petro- petroleum leum products (including crude oil) stored in the Strategic products. Petroleum Reserve is less than the level prescribed under section 154 of the Energy Policy and Conservation Act (42 U.S.C. 6234), the Corporation shall, to the maximum extent practicable and with the approval of the Secretary of Agriculture, make available annually to the Secretary of Energy, upon the request of the Secretary of Energy, a quantity of agricultural products owned by the Corporation with a market value at the time of such request of at least $300,000,000 for use by the Secretary of Energy in acquiring petroleum products (including crude oil) produced abroad for placement in the Strategic Petroleum Reserve through an exchange of such agricultural products. The terms and conditions of each such exchange, including provisions for full reimbursement to the Commo&ty Credit (Drporation, shall be determined by the Secretary of Energy and the Secretary of Agriculture.". (c) Section 310 of the Agricultural Trade Development and Assistance Act of 1954 (7 U.S.C. 1727g) is amended by inserting after the second sentence the following new sentence: "To the maximum extent practicable, the Secretary shall solicit bids from, and utilize, private trading firms to arrange or make barters or exchanges for strategic or other materials under clause (a).". (d)(1) The Secretary of.^riculture shall encourage United States 7 USC I736aa exporters of agricultural commodities and the products thereof to barter such commodities and products for foreign products needed by such exporters. (2) The Secretary shall provide technical advice and assistance relating to the barter of agricultural commodities and the products thereof to suiy United States exporter who requests such advice or assistance.

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