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1 Estimated Budgetary Effects of Title I, Committee on Agriculture, Nutrition, and Forestry, for the Senate Amendment to H.R. 5376, the Build Back Better Act, as Posted on the Website of the Senate Democratic Leadership on December 10, 2021 1 (December 15, 2021)

handle is hein.congrec/cbottica0001 and id is 1 raw text is: COffice Revised December 15, 2021 Cost Estimate Estimated Budgetary Effects of Title I, Committee on Agriculture, Nutrition, and Forestry, for the Senate Amendment to H.R. 5376, the Build Back Better Act, as Posted on the Website of the Senate Democratic Leadership on December 10, 2021 By Fiscal Year, Millions of Dollars 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2022-2026 2022-2031 Increases in Direct Spending Budget Authority 64,255 773 8,666 8,990 10,617 940 190 60 40 30 93,301 94,561 Estimated Outlays 12,671 1,843 11,138 10,658 13,088 12,683 11,185 9,045 5,310 1,962 49,398 89,583 See https://ww.democrats.senate.aov/imo/media/dociTitie%201%2OCommittee%20on%20Agriculture%2ONutrition%20and%20FOrestry df On December 15, 2021, CBO replaced the estimate that was transmitted on December 10, 2021. In the previous version, the estimate overstated amounts that were available for rescission under section 12102 by $150 million. Thus, the estimated cost of title I was understated by that amount. Budget authority reflects appropriations specifically provided in title I or amounts estimated by CBO. The costs of title I fall within budget functions 270 (energy), 300 (natural resources and environment), 350 (agriculture), 450 (community and regional development), and 600 (income security). The Budget Control Act of 2011 (BCA) requires the annual sequestration of nonexempt mandatory spending programs. The Office of Management and Budget determines which accounts are subject to reductions under the BCA. Some of the accounts affected by title I are subject to sequestration; this estimate reflects the effects of sequestration on those accounts. Title I would not increase on-budget deficits after 2031. Title I contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act. Page 1 of 1

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