(3) Section 234(b) of such Act (7 U.S.C.
6944(b)) is amended—
(A) in paragraph (1)—
(i) by striking ‘‘and title V of’’; and
(ii) by striking ‘‘and 950aa et seq.’’;
and
(B) by striking paragraph (3).
(c) NORTH AMERICAN FREE TRADE AGREEMENT IM-
PLEMENTATION ACT AMENDMENT.—Section 321(h)(2) of
the North American Free Trade Agreement Implementa-
tion Act (19 U.S.C. 3391(h)(2)) is amended by inserting
‘‘(as in effect before the effective date of subtitle B of the
Farm Credit and Rural Development Reform Act of
1995)’’ before the period.
(d) FOOD, AGRICULTURE, CONSERVATION, 
AND
TRADE ACT OF 1990 AMENDMENTS.—
(1) Section 2375(e) of the Food, Agriculture,
Conservation, and Trade Act of 1990 (7 U.S.C.
6613(e)) is amended by inserting ‘‘(as in effect be-
fore the effective date of subtitle B of the Farm
Credit and Rural Development Reform Act of
1995)’’ before the comma.
(2) Effective 5 years after the effective date of
this subtitle, section 2375 of the Food, Agriculture,
Conservation, and Trade Act of 1990 (7 U.S.C.
6613) is amended by striking subsection (e).
(e) COOPERATIVE FORESTRY ASSISTANCE ACT OF
1978 AMENDMENT.—Section 10(b)(3) of the Cooperative
Forestry Assistance Act of 1978 (7 U.S.C. 2106(b)(3))
is amended by striking ‘‘the first clause of section
306(a)(7)’’ and inserting ‘‘section 310C(a)(2)’’.
(f) THE ROBERT T. STAFFORD DISASTER RELIEF
AND EMERGENCY ASSISTANCE ACT AMENDMENT.—Sec-
tion 310(a) of The Robert T. Stafford Disaster Relief and
Emergency Assistance Act (42 U.S.C. 5153(a)) is amend-
ed by striking paragraph (4) and redesignating para-
graphs (5) through (7) as paragraphs (4) through (6), re-
spectively.
(g) COMMUNITY ECONOMIC DEVELOPMENT ACT OF
1981 AMENDMENTS.—Section 628 of the Community
Economic Development Act of 1981 (42 U.S.C. 9817) is
amended—
(1) by striking ‘‘, as amended’’ and all that fol-
lows through ‘‘1972’’ and inserting ‘‘and the Con-
solidated Farm and Rural Development Act’’; and
(2) by redesignating paragraph (3) as para-
graph (2).
(h) AGRICULTURAL ACT OF 1970 AMENDMENT.—
Section 901(b) of the Agricultural Act of 1970 (42 U.S.C.
3122(b)) is amended by striking ‘‘as defined in the private
business enterprise exception in section 306(a)(7) of the
Consolidated Farmers Home Administration Act of 1961,
as amended (7 U.S.C. 1926)’’ and inserting ‘‘(as defined
in section 703(c)(2)(A) of the Rural Development Act of
1972)’’.
(i) RURAL ELECTRIFICATION ACT OF 1936 AMEND-
MENTS.—
(1) Section 4 of the Rural Electrification Act of
1936 (7 U.S.C. 904) is amended—
(A) by inserting ‘‘(as in effect before the
effective date of subtitle B of the Farm Credit
and Rural Development Reform Act of 1995)’’
after ‘‘3(d) and 3(e)’’; and
(B) by striking ‘‘and section 5’’.
(2) Section 7 of such Act (7 U.S.C. 907) is
amended by striking ‘‘authorized in section 3 of’’
and inserting ‘‘appropriated to carry out’’.
(3) Section 12 of such Act (7 U.S.C. 912) is
amended—
(A) in subsection (a)—
(i) by inserting ‘‘(as in effect before
the effective date of subtitle B of the Farm
Credit and Rural Development Reform Act
of 1995)’’ after ‘‘section 5’’; and
(ii) by inserting ‘‘(as in effect before
the effective date of subtitle B of the Farm
Credit and Rural Development Reform Act
of 1995)’’ before the period; and
(B) in subsection (b)(3)(D), by striking the
3rd sentence.
(4) Section 201 of such Act (7 U.S.C. 922) is
amended by striking ‘‘pursuant to section 3 of the
Rural Electrification Act of 1936, as amended,’’.
(5) Section 301(a) of such Act (7 U.S.C.
931(a)) is amended—
(A) in paragraph (2), by inserting ‘‘(as in
effect before the effective date of subtitle B of
the Farm Credit and Rural Development Re-
form Act of 1995)’’ after ‘‘5’’; and
(B) in paragraph (3), by striking ‘‘notwith-
standing section 3(a) of title I,’’.
(6) Section 302 of such Act (7 U.S.C. 932) is
amended—
(A) in each of subsections (a) and (b)(1),
by inserting ‘‘(before the effective date of sub-
title B of the Farm Credit and Rural Develop-
ment Reform Act of 1995)’’ after ‘‘5’’; and
(B) in subsection (b)(2), by striking ‘‘pur-
suant to section 3(a) of this Act’’ and inserting
‘‘before the effective date of subtitle B of the
Farm Credit and Rural Development Reform
Act of 1995’’.
(7) Section 406(a) of such Act (7 U.S.C.
946(a)) is amended in the 2nd sentence by inserting
‘‘(as in effect before the effective date of subtitle B
of the Farm Credit and Rural Development Reform
Act of 1995)’’ before the period.
SEC. 204. SAVINGS PROVISION.
This subtitle and the amendments made by this sub-
title shall not be construed to affect any obligation entered
into before the effective date of this subtitle.
SEC. 205. EFFECTIVE DATE.
This subtitle and the amendments made by this sub-
title shall take effect on October 1, 1996.
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