One-year extension of the Food, Conservation, and Energy Act of 2008, with certain modifications

Cost Estimate
July 30, 2012

As 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.