[Congressional Record (Bound Edition), Volume 153 (2007), Part 21]
[Senate]
[Page 29201]
[From the U.S. Government Publishing Office, www.gpo.gov]




                       CHANGES TO S. CON. RES. 21

  Mr. CONRAD. Mr. President, section 307 of S. Con. Res. 21, the 2008 
budget resolution, permits the chairman of the Senate Budget Committee 
to revise the allocations, aggregates, and other appropriate levels for 
legislation, including one or more bills and amendments, that 
reauthorizes the 2002 farm bill or similar or related programs, 
provides for revenue changes, or any combination thereof. Section 307 
authorizes the revisions provided that certain conditions are met, 
including that amounts provided in the legislation for the above 
purposes not exceed $20 billion over the period of fiscal years 2007 
through 2012 and that the legislation not worsen the deficit over the 
period of the total of fiscal years 2007 through 2012 or the period of 
the total of fiscal years 2007 through 2017.
  The Senate is considering an amendment in the nature of a substitute 
to H.R. 2419 that consolidates the following: S. 2302, the Food and 
Energy Security Act of 2007, which was reported by the Senate Committee 
on Agriculture, Nutrition, and Forestry on November 2, 2007; S. 2242, 
the Heartland, Habitat, Harvest, and Horticulture Act of 2007, which 
was reported by the Senate Committee on Finance on October 25, 2007; 
and a number of technical and other corrections made to both bills. I 
find that the consolidated legislation satisfies the conditions of the 
deficit-neutral reserve fund for the farm bill. I am pleased to report 
to the Senate that this legislation is fully paid for over both the 
2007 through 2012 time period and the 2007 through 2017 time period. 
Therefore, pursuant to section 307, I am adjusting the aggregates in 
the 2008 budget resolution, as well as the allocation provided to the 
Senate Committee on Agriculture, Nutrition, and Forestry.
  I ask unanimous consent to have the following revisions to S. Con. 
Res. 21 printed in the Record.
  There being no objection, the material was ordered to be printed in 
the Record, as follows:

 CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 2008--S. CON. RES.
    21; REVISIONS TO THE CONFERENCE AGREEMENT PURSUANT TO SECTION 307
             DEFICIT-NEUTRAL RESERVE FUND FOR THE FARM BILL
                        [In billions of dollars]
------------------------------------------------------------------------
 
------------------------------------------------------------------------
Section 101
(1)(A) Federal Revenues:
    FY 2007...............................................     1,900.340
    FY 2008...............................................     2,024.835
    FY 2009...............................................     2,121.607
    FY 2010...............................................     2,176.229
    FY 2011...............................................     2,357.094
    FY 2012...............................................     2,498.971
(1)(B) Change in Federal Revenues:
    FY 2007...............................................        -4.366
    FY 2008...............................................       -25.961
    FY 2009...............................................        14.681
    FY 2010...............................................        12.508
    FY 2011...............................................       -37.456
    FY 2012...............................................       -98.125
(2) New Budget Authority:
    FY 2007...............................................     2,371.470
    FY 2008...............................................     2,508.833
    FY 2009...............................................     2,526.124
    FY 2010...............................................     2,581.369
    FY 2011...............................................     2,696.797
    FY 2012...............................................     2,737.578
(3) Budget Outlays:
    FY 2007...............................................     2,294.862
    FY 2008...............................................     2,471.548
    FY 2009...............................................     2,573.005
    FY 2010...............................................     2,609.873
    FY 2011...............................................     2,702.839
    FY 2012...............................................     2,716.392
------------------------------------------------------------------------


 CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 2008--S. CON. RES.
    21; REVISIONS TO THE CONFERENCE AGREEMENT PURSUANT TO SECTION 307
             DEFICIT-NEUTRAL RESERVE FUND FOR THE FARM BILL
                        [In millions of dollars]
------------------------------------------------------------------------
 
------------------------------------------------------------------------
Current Allocation to Senate Agriculture, Nutrition, and
 Forestry Committee:
    FY 2007 Budget Authority..............................        14,284
    FY 2007 Outlays.......................................        14,056
    FY 2008 Budget Authority..............................        13,464
    FY 2008 Outlays.......................................        12,939
    FY 2008-2012 Budget Authority.........................        67,878
    FY 2008-2012 Outlays..................................        65,557
Adjustments:
    FY 2007 Budget Authority..............................             0
    FY 2007 Outlays.......................................             0
    FY 2008 Budget Authority..............................         3,624
    FY 2008 Outlays.......................................         1,690
    FY 2008-2012 Budget Authority.........................         9,003
    FY 2008-2012 Outlays..................................         5,492
Revised Allocation to Senate Agriculture, Nutrition, and
 Forestry Committee:
    FY 2007 Budget Authority..............................        14,284
    FY 2007 Outlays.......................................        14,056
    FY 2008 Budget Authority..............................        17,088
    FY 2008 Outlays.......................................        14,629
    FY 2008-2012 Budget Authority.........................        76,881
    FY 2008-2012 Outlays..................................        71,049
------------------------------------------------------------------------

                                                            

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