The U.S. Senate recently passed the Bipartisan Budget Act of 2019, which will allow the House and Senate Appropriations Committees to draft the 12 appropriation bills for fiscal year 2022 before the end of the current fiscal year. The bill will now go to President Donald Trump for his signature.
The Bipartisan Budget Act of 2019 would:
- Suspend the debt ceiling until July 31, 2021
- Remove the threat of sequestration (automatic cuts from the Budget Control Act of 2011)
- Increase defense and non-defense spending caps in fiscal year 2020
- Increase defense and non-defense spending caps in fiscal year 2021
The U.S. House has already passed 10 of its 12 appropriation bills for fiscal year 2020. However, the House will need to revisit those bills due to the spending caps exceeding the amount allocated in the compromise bill.
“We appreciate the hard work our Mississippi senators and representatives put into getting the Bipartisan Budget Act of 2019 passed,” Mississippi Farm Bureau Federation President Mike McCormick said. “This has the potential to make life easier on our farmers, ranchers and rural Mississippians.”