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(i) in subparagraph (B), by striking
‘‘and’’ at the end;
(ii) in subparagraph (C), by striking
the period at the end and inserting ‘‘;
and’’; and
(iii) by adding at the end the follow-
ing:
‘‘(D) funds made available under para-
graph (2)(B).’’; and
(C) in paragraph (2)—
(i) in subparagraph (A), by striking
‘‘Subject to subsection (h), commodities’’
and inserting ‘‘Commodities’’; and
(ii) by striking subparagraph (B) and
inserting the following:
‘‘(B) FUNDS.—Any funds used to acquire
eligible commodities through purchases from
producers or in the market to replenish the
trust shall be derived—
‘‘(i) with respect to fiscal year 2000
and subsequent fiscal years, from funds
made available to carry out the Agricul-
tural Trade Development and Assistance
Act of 1954 (7 U.S.C. 1691 et seq.) that
are used to repay or reimburse the Com-
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modity Credit Corporation for the release
of eligible commodities under subsections
(c)(2) and (f)(2), except that, of such
funds, not more than $20,000,000 may be
expended for this purpose in each of the
fiscal years 2000 through 2003 and any
such funds not expended for the fiscal year
allocated shall be available for expenditure
in subsequent fiscal years; and
‘‘(ii) from funds authorized for that
use by an appropriations Act.’’;
(2) in subsection (c)(2)—
(A) by striking ‘‘ASSISTANCE.—Notwith-
standing’’ and inserting the following: ‘‘ASSIST-
ANCE.—
‘‘(A) 
IN
GENERAL.—Notwithstanding’’;
and
(B) by adding at the end the following:
‘‘(B) LIMITATION.—The Secretary may re-
lease eligible commodities under subparagraph
(A) only to the extent such release is consistent
with maintaining the long-term value of the
trust.’’;
(3) in subsection (d)—
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(A) in paragraph (1), by striking ‘‘and’’ at
the end;
(B) in paragraph (2), by striking the pe-
riod at the end and inserting ‘‘; and’’; and
(C) by adding at the end the following:
‘‘(3) subject to the need for release of commod-
ities from the trust under subsection (c)(1), for the
management of the trust to preserve the value of the
trust through acquisitions under subsection (b)(2).’’;
(4) in subsection (f)—
(A) in paragraph (2), by inserting ‘‘OF
THE TRUST’’ after ‘‘REIMBURSEMENT’’ in the
heading; and
(B) in paragraph (2)(A), by inserting ‘‘and
the funds shall be available to replenish the
trust under subsection (b)’’ before the end pe-
riod; and
(5) by striking subsection (h).
(b) CONFORMING AMENDMENTS.—
(1) Title III of the Agricultural Act of 1980 (7
U.S.C. 1736f–1 et seq.) is amended by striking the
title heading and inserting the following:
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‘‘TITLE III—BILL EMERSON
HUMANITARIAN TRUST’’.
(2) Section 301 of the Agricultural Act of 1980
(7 U.S.C. 1736f–1 note) is amended to read as fol-
lows:
‘‘SEC. 301. SHORT TITLE.
‘‘This title may be cited as the ‘Bill Emerson Human-
itarian Trust Act’.’’.
(3) Section 302 of the Agricultural Act of 1980
(7 U.S.C. 1736f–1) is amended—
(A) in the section heading, by striking
‘‘RESERVE’’ and inserting ‘‘TRUST’’;
(B) by striking ‘‘reserve’’ each place it ap-
pears (other than in subparagraphs (A) and (B)
of subsection (b)(1)) and inserting ‘‘trust’’;
(C) in subsection (b)—
(i) in the subsection heading, by strik-
ing ‘‘RESERVE’’ and inserting ‘‘TRUST’’;
(ii) in paragraph (1)(B), by striking
‘‘reserve,’’ and inserting ‘‘trust,’’; and
(iii) in the paragraph heading of para-
graph (2), by striking ‘‘RESERVE’’ and in-
serting ‘‘TRUST’’; and
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(D) in the subsection heading of subsection
(e), by striking ‘‘RESERVE’’ and inserting
‘‘TRUST’’.
(4) Section 208(d)(2) of the Agricultural Trade
Suspension Adjustment Act of 1980 (7 U.S.C.
4001(d)(2)) is amended by striking ‘‘Food Security
Commodity Reserve Act of 1996’’ and inserting
‘‘Bill Emerson Humanitarian Trust Act (7 U.S.C.
1736f–1 et seq.)’’.
(5) Section 901b(b)(3) of the Merchant Marine
Act, 1936 (46 U.S.C. App. 1241f(b)(3)), is amended
by striking ‘‘Food Security Wheat Reserve Act of
1980 (7 U.S.C. 1736f–1)’’ and inserting ‘‘Bill
Emerson Humanitarian Trust Act (7 U.S.C. 1736f–
1 et seq.)’’.
TITLE III—MISCELLANEOUS
PROVISIONS
SEC. 301. REPORT.
Not later than 6 months after the date of enactment
of this Act, the Administrator of the United States Agency
for International Development, in consultation with the
heads of other appropriate agencies, shall prepare and
submit to Congress a report on how the Agency plans to
implement sections 101, 102, 103, 105, and 201 of this
Act, the steps that have been taken toward such imple-