[Congressional Record (Bound Edition), Volume 153 (2007), Part 25]
[Senate]
[Page 33624]
[From the U.S. Government Publishing Office, www.gpo.gov]




                   FURTHER 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.
  I find that Senate amendment No. 3711 offered by Senator Lugar to 
Senate amendment No. 3500, an amendment in the nature of a substitute 
to H.R. 2419, satisfies the conditions of the deficit-neutral reserve 
fund for the farm bill. Therefore, pursuant to section 307, I am 
adjusting the aggregates in the 2008 budget resolution, as well as the 
allocation provided to the Senate Agriculture, Nutrition, and Forestry 
Committee.
  I ask unanimous consent to have the following revisions to S. Con. 
Res. 21 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; Further 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.....................................................2,509.169
  FY 2009.....................................................2,523.934
  FY 2010.....................................................2,581.464
  FY 2011.....................................................2,696.588
  FY 2012.....................................................2,737.256
(3) Budget Outlays:
  FY 2007.....................................................2,294.862
  FY 2008.....................................................2,471.293
  FY 2009.....................................................2,569.600
  FY 2010.....................................................2,607.308
  FY 2011.....................................................2,702.556
  FY 2012.....................................................2,717.397

Concurrent Resolution on the Budget for Fiscal Year 2008--S. Con. Res. 
 21; Further 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.......................................17,088
  FY 2008 Outlays................................................14,629
  FY 2008-2012 Budget Authority..................................76,881
  FY 2008-2012 Outlays...........................................71,049
Adjustments:
  FY 2007 Budget Authority..........................................  0
  FY 2007 Outlays...................................................  0
  FY 2008 Budget Authority..........................................336
  FY 2008 Outlays..................................................-255
  FY 2008-2012 Budget Authority..................................-2,290
  FY 2008-2012 Outlays...........................................-5,504
Revised Allocation to Senate Agriculture, Nutrition, and Forestry 
    Committee:
  FY 2007 Budget Authority.......................................14,284
  FY 2007 Outlays................................................14,056
  FY 2008 Budget Authority.......................................17,424
  FY 2008 Outlays................................................14,374
  FY 2008-2012 Budget Authority..................................74,591
65,5458-2012 Outlays..............................................

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