from: the Congressional Budget Office
On September 17, 2012, CBO transmitted a cost estimate for House Joint Resolution 118. In response to Congressional questions we are providing the following additional explanation of the basis of that cost estimate.
S. 388, the American Family Economic Protection Act of 2013
As introduced in the Senate on February 26, 2013
S. 388 would eliminate the automatic spending reductions scheduled to occur under current law for 2013 and would partially eliminate the reductions scheduled for 2014. The bill also would eliminate direct payments to certain agricultural producers, provide funding for agricultural disaster assistance, and exempt from sequestration all mandatory funding provided for the Department of Agriculture.
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