A bill to allow State agencies to continue to elect to use a system of retrospective accounting for the purpose of determining benefits under the Food Stamp Act of 1977, and for other purposes.

Amends the Omnibus Budget Reconciliation Act of 1981 to remove the requirement under the food stamp program that all household income other than migrant worker household income be calculated on a retrospective basis.

Amends the Food Stamp Act of 1977 to allow State agencies to shorten or lengthen household certification periods to improve program administration. Allows State agencies to calculate on a prospective basis the earned income of specified households.

Provides for supplementing, at the option of a State agency, allotments of households that experience significant losses of income.

Requires households subject to retrospective accounting to file periodic reports of household circumstances.