A bill to improve agricultural yields in the production of soybeans through the establishment of a Soybean Research Institute jointly supported by the United States and the People's Republic of China.

Directs the President to establish a Soybean Research Institute jointly supported by the United States and the People's Republic of China. Sets forth the objective of such Institute.

Authorizes the President to use $2,000,000 annually out of funds of the Agricultural Research Service or funds of any other appropriate Federal agency.