[Congressional Record (Bound Edition), Volume 154 (2008), Part 7]
[Senate]
[Pages 9004-9005]
[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.
  On November 5, 2007, I filed a reserve fund adjustment pursuant to 
section 307 for an amendment in the nature of a substitute to H.R. 
2419. That legislation passed the Senate on December 14, 2007. The 
Senate is considering the conference report to accompany H.R. 2419, the 
Food, Conservation, and Energy Act of 2008. I find that the conference 
report also satisfies the conditions of the deficit-neutral reserve 
fund for the farm bill, including being fully paid for over both the 
five and 10-year time periods. Therefore, pursuant to section 307, I am 
amending the reserve fund adjustment made on November 5, 2007, and 
further revising the aggregates in the 2008 budget resolution, as well 
as the allocation provided to the Senate Committee on Agriculture, 
Nutrition, and Forestry, to reflect the final estimate for the 
completed farm bill.
  I ask unanimous consent that the following revisions to S. Con. Res. 
21 be printed in the Record.

[[Page 9005]]

  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................................................    2,016.793
    FY 2009................................................    2,114.754
    FY 2010................................................    2,170.343
    FY 2011................................................    2,351.046
    FY 2012................................................    2,493.878
(1)(B) Change in Federal Revenues:
    FY 2007................................................       -4.366
    FY 2008................................................      -34.003
    FY 2009................................................        7.828
    FY 2010................................................        6.622
    FY 2011................................................      -43.504
    FY 2012................................................     -103.218
(2) New Budget Authority:
    FY 2007................................................    2,371.470
    FY 2008................................................    2,501.726
    FY 2009................................................    2.520.890
    FY 2010................................................    2,573.040
    FY 2011................................................    2,688.764
    FY 2012................................................    2,720.897
(3) Budget Outlays:
    FY 2007................................................    2,294.862
    FY 2008................................................    2,473.063
    FY 2009................................................    2,569.024
    FY 2010................................................    2,601.423
    FY 2011................................................    2,695.166
    FY 2012................................................    2.702.695
------------------------------------------------------------------------


 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.................................     -1,500
    FY 2008 Outlays..........................................       -976
    FY 2008-2012 Budget Authority............................        401
    FY 2008-2012 Outlays.....................................       -483
Revised Allocation to Senate Agriculture, Nutrition, and
 Forestry Committee
    FY 2007 Budget Authority.................................     14,284
    FY 2007 Outlays..........................................     14,056
    FY 2008 Budget Authority.................................     15,588
    FY 2008 Outlays..........................................     13,653
    FY 2008-2012 Budget Authority............................     77,282
    FY 2008-2012 Outlays.....................................     70,566
------------------------------------------------------------------------

                                                               

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