A bill providing for the implementation of the International Sugar Agreement, 1977, and for other purposes.

Authorizes the President to implement the International Sugar Agreement, 1977, by: (1) regulating the entry of sugar from any country not a member of the International Sugar Organization; and (2) requiring records and reports concerning the entry of sugar. Establishes criminal penalties for violating such regulations. Requires the President to submit to Congress an annual report on the Agreement.