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One-year extension of the Food, Conservation, and Energy Act of 2008, with certain modifications [1] (July 30, 2012)

handle is hein.congrec/cbo10821 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE Douglas W. Elmendorf, Director U.S. Congress Washington, DC 20515 July 30, 2012 Honorable Frank D. Lucas Chairman Committee on Agriculture U.S. House of Representatives Washington, DC 20515 Dear Mr. Chairman: CBO has prepared an estimate of the effects on direct spending of draft legislation to provide a one-year extension of the Food, Conservation, and Energy Act of 2008, with certain modifications, that was posted on the Web site of the House Committee on Rules on July 27, 2012. CBO estimates that enacting this proposal would reduce direct spending by $399 million over the 2013-2022 period, relative to spending projected under CBO's current baseline (see enclosed table). Because the proposal would affect direct spending, pay-as-you-go procedures apply. Enacting the proposal would not affect federal revenues. CBO has not estimated the additional discretionary spending that would result from implementing the proposal; that additional spending would be subject to future appropriation actions. CBO also has not reviewed the proposal for intergovernmental or private-sector mandates. If you need further details on this estimate, we would be pleased to provide them. The CBO staff contact is Jim Langley. Sincerely, Douglas W. Elmendorf Enclosure cc: Honorable Collin C. Peterson Honorable David Dreier Ranking Member Chairman Committee on Rules Honorable Louise Slaughter Ranking Member

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