H.R. 2521 would amend the Farm Security and Rural Investment Act of 2002 to include South Carolina as part of the Virginia-Carolina peanut producing region for purposes of appointing members to the Peanut Standards Board. That 18-member Board advises the Secretary of Agriculture on quality and handling standards for domestically-produced and imported peanuts.
Because the bill would not affect the number of board members or the duties of the board, CBO estimates that including South Carolina as a part of the Virginia-Carolina peanut producing region would have no effect on federal spending. Enacting the bill would not affect direct spending or revenues; therefore, pay-as-you-go procedures do not apply.
CBO estimates that enacting H.R. 2521 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028.
H.R. 2521 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act.
This revised cost estimate supersedes the cost estimate for H.R. 2521 that CBO transmitted on October 13, 2017, and makes clear that implementing the bill would not affect the number of board members or its responsibilities. In the previous cost estimate, CBO estimated an insignificant cost to implement the bill. CBO now estimates that implementing the bill would have no budgetary effect.