April 26, 2012
As posted on the Web site of the Senate Committee on Agriculture, Nutrition, and Forestry on April 26, 2012.
CBO estimates that enacting this proposal would reduce direct spending by $24.7 billion over the 2013-2022 period, relative to spending projected under CBO’s current baseline. Further details of that estimate are displayed in the three enclosed tables. Because the proposal would affect direct spending, pay-as-you-go procedures apply. CBO has not estimated the additional discretionary spending that would result from implementing the proposal; such spending would be subject to appropriation. (Enacting the proposed legislation would not affect federal revenues.) CBO also has not reviewed the proposal for intergovernmental or private-sector mandates.