REPORTS ON SALES AND BARTER AND USE OF FOREIGN CURRENCY PROCEEDS.

SEC. 13. REPORTS ON SALES AND BARTER AND USE OF FOREIGN CURRENCY PROCEEDS. Section 206 of the Agricultural Trade Development and Assistance Act of 1954 (7 U.S.C. 1726) (as amended by section 655 of this Act) is further amended— (1) by inserting “(a)” after the section designation; and (2) by adding at the end thereof the following: “(b) Not later than February 15, 1988, and annually thereafter, the President shall report to Congress on sales and barter, and use of foreign currency proceeds, under this section and section 207 during the preceding fiscal year. Such report shall include information on— “(1) the quantity of commodities furnished for such sale or barter; “(2) the amount of funds (including dollar equivalents for foreign currencies) and value of services generated from such sales and barter in the preceding fiscal year; “(3) how such funds and services were used; 101 STAT. 1329–449 “(4) the amount of foreign currency proceeds that were used under agreements under this section and section 207 in the preceding fiscal year, and the percentage of the quantity of all commodities and products furnished under this section and section 207 in such fiscal year such use represented; “(5) the President’s best estimate of the amount of foreign currency proceeds that will be used, under agreements under this section and section 207, in the then current fiscal year and the next following fiscal year (if all requests for such use are agreed to), and the percentage that such estimated use represents of the quantity of all commodities and products that the President estimates will be furnished under this section and section 207 in each such fiscal year; “(6) the effectiveness of such sales, barter, and use during the preceding fiscal year in facilitating the distribution of commodities and products under this section and section 207; “(7) the extent to which such sales, barter, or uses— “(A) displace or interfere with commercial sales of United States agricultural commodities and products that otherwise would be made; “(B) affect usual marketings of the United States; “(C) disrupt world prices of agricultural commodities or normal patterns of trade with friendly countries; or “(D) discourage local production and marketing of agricultural commodities in the countries in which commodities and products are distributed under this title; and “(8) the President’s recommendations, if any, for changes to improve the conduct of sales, barter, or use activities under this section and section 207.”.