Description:
H.R. 8467, Farm, Food, and National Security Act of 2024 As ordered reported by the House Committee on Agriculture on May 23, 2024, and with subsequent amendments as provided by the House Committee on Agriculture on July 30, 2024 By Fiscal Year, Millions of Dollars20242024-20292024-2033Direct Spending (Outlays)015,38432,973Revenues000Increase or Decrease (-) in the Deficit015,38432,973Spending Subject to Appropriation (Outlays)017,52923,596Increases net direct spending in any of the four consecutive 10-year periods beginning in 2034?> $2.5 billionStatutory pay-as-you-go procedures apply?YesMandate EffectsIncreases on-budget deficits in any of the four consecutive 10-year periods beginning in 2034?> $5 billionContains intergovernmental mandate?Yes, Under ThresholdContains private-sector mandate?Yes, Under ThresholdThe bill wouldReauthorize and amend agricultural support, nutrition, conservation, and other programs implemented and administered by the Department of AgricultureImpose intergovernmental and private-sector mandatesEstimated budgetary effects would mainly stem fromChanges in the agricultural support, nutrition, and conservation programsMandatory appropriationsAccelerating the spending of previously appropriated balancesAmounts authorized to be appropriatedAreas of significant uncertainty includeProjecting future commodity prices and production rates, which are sensitive to weather and market forcesPredicting how and how quickly the states would implement various policiesProjecting changes in the economy, particularly regarding inflation and unemployment
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