Congressional Budget Office Cost Estimate: S. 1251, Growing Climate Solutions Act of 2021   [open pdf - 256KB]

This is the Congressional Budget Office Cost Estimate as ordered reported by the Senate Committee on Agriculture, Nutrition, and Forestry on April 22, 2021. From the Document: "S. 1251 would direct the Department of Agriculture (USDA) to establish a program to certify entities that provide technical assistance to and verify the practices of farmers, ranchers, and foresters who participate in voluntary markets that trade credits for reducing greenhouse gases (for example, carbon markets sponsored by private companies). S. 1251 also would require USDA to audit those entities, establish an advisory council for the program, and coordinate with the Environmental Protection Agency to complete a related assessment. The bill also would rescind up to $4.1 million of budget authority provided by the American Rescue Plan Act of 2021. In addition, if $4.1 million is available to rescind, the bill would appropriate that amount for USDA to carry out activities specified under the bill. S. 1251 would establish civil penalties for submitting false information to USDA and would authorize the annual appropriation of $1 million over the 2022-2026 period."

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