*Administration of Barack Obama, 2014 *

**Letter to the Speaker of the House of Representatives Transmitting a Budget Program Revision for the Commodity Credit Corporation for Fiscal Year 2015 **

*October 14, 2014 *

*Dear Mr. Speaker: *

Consistent with section 5 of the Commodity Credit Corporation Charter Act (15 U.S.C. 714c) and the Government Corporation Control Act (31 U.S.C. Chapter 91), I hereby notify the Congress of a budget program revision for the Commodity Credit Corporation (CCC) for Fiscal Year (FY) 2015. The revisions total up to $300 million and reflect the payments that the United States is making, pursuant to a Memorandum of Understanding between the United States and Brazil of October 1, 2014, in connection with termination of the World Trade Organization (WTO) "*Cotton *dispute" (WT/DS267) brought by Brazil with respect to which the WTO made adverse rulings regarding certain United States cotton programs and export credit guarantees (GSM–102).

For FY 2015, the budget estimates for CCC, as amended by the Mid-Session Review, of $6.074 billion in net outlays would be increased by $300 million, to $6.374 billion.

The details of this action are set forth in the enclosed letter from the Director of the Office of Management and Budget. I concur with the Director's comments and observations.

Sincerely,

BARACK OBAMA

*Categories:* Communications to Congress : Commodity Credit Corporation, fiscal year 2015 budget program, letter transmitting revision*.*

*Subjects:* Budget, Federal : Fiscal year 2015 budget; Commodity Credit Corporation.

*DCPD Number:* DCPD201400770.