A bill to amend Public Law 480 to expand U.S. exports and help meet more adequately the food import requirements of developing nations.

Amends the Agricultural Trade Development and Assistance Act of 1954 to require the export, for sale, donation, or barter, of a minimum aggregate quantity of 7,000,000 metric tons of United States farm commodities each fiscal year from 1979 through 1982, unless: (1) the Secretary of Agriculture determines that export supplies are not available; or (2) the food needs of developing countries, as gaged by specified factors, do not merit such quantity.

Requires the President to report to the appropriate committees of Congress the specific reasons for any shortfall should less than the minimum quantities required by this Act be exported.