Congressional Budget Office Cost Estimate: S. 1252, Global Food Security Act of 2016 [June 10, 2016]   [open pdf - 23KB]

From the Summary: "S. 1252 would require the President to develop and implement a comprehensive strategy to promote global food security and agricultural development. It would authorize the appropriation of almost $3.8 billion each for 2017 and 2018 for programs to implement that strategy and to provide assistance following international disasters. Assuming appropriation of those specified amounts, CBO estimates that implementing S. 1252 would cost $7.3 billion over the 2017-2021 period (most of the remainder would be spent after 2021). Pay-as-you-go procedures do not apply to S. 1252 because enacting it would not affect direct spending or revenues. CBO estimates that enacting the legislation would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2027. S. 1252 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would impose no costs on state, local, or tribal governments."

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