ABSTRACT

Congressional Budget Office Cost Estimate: Summary of Estimated Budgetary Effects of H.R. 1947, the Federal Agriculture Reform and Risk Management Act of 2013   [open pdf - 136KB]

This is the Congressional Budget Office (CBO) Cost Estimate as ordered reported by the House Committee on the Judiciary on June 5, 2013. From the opening letter to Bob Goodlatte: "CBO estimates that direct spending stemming from the program authorizations in H.R. 1947 would total $939 billion over the 2014-2023 period. That 10-year total reflects the bill's authorization of expiring programs through 2018 'and' an extension of those authorizations through 2023, consistent with the rules governing baseline projections that are specified in the Balanced Budget and Emergency Deficit Control Act of 1985. Relative to spending projected under CBO's May 2013 baseline, CBO estimates that enacting the bill would reduce direct spending by $33.4 billion over the 2014-2023 period. The estimated budgetary effects of H.R. 1947 are summarized in Table 1."

Publisher:
Date:
2013-06-07
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: http://www.cbo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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