SALE PROCEDURE.

SEC. 3009. SALE PROCEDURE. (a) In General.—Section 403 of the Agricultural Trade Development and Assistance Act of 1954 (7 U.S.C. 1733) is amended— (1) in subsection (e)— (A) by striking “In carrying” and inserting the following: “(1) In general.—In carrying"; and (B) by adding at the end the following: “(2) Sale price.—Sales of agricultural commodities described in paragraph (1) shall be made at a reasonable market price in the economy where the agricultural commodity is to be sold, as determined by the Secretary or the Administrator, as appropriate.”; and (2) by adding at the end the following: “(l) Sale Procedure.— “(1) In general.—Subsections (b) and (h) shall apply to sales of commodities in recipient countries to generate proceeds to carry out projects under— “(A) titles I and II; “(B) section 416(b) of the Agricultural Act of 1949 (7 U.S.C. 1431(b)); and “(C) the Food for Progress Act of 1985 (7 U.S.C. 1736o). “(2) currency.—A sale described in paragraph (1) may be made in United States dollars or other currencies ”. (b) Conforming Amendments.— (1) Section 416(b) of the Agricultural Act of 1949 (7 U.S.C. 1431(b)) is amended by adding at the end the following: “(10) Sale procedure.—In approving sales of commodities under this subsection, the Secretary shall follow the sale procedure described in section 403(l) of the Agricultural Trade Development and Assistance Act of 1954.”. (2) Subsection (f) of the Food for Progress Act of 1985 (7 U.S.C. 1736o(f)) is amended by adding at the end the following:116 STAT. 284 “(5) Sale procedure.—In making sales of eligible commodities under this section, the Secretary shall follow the sale procedure described in section 403(l) of the Agricultural Trade Development and Assistance Act of 1954.”.