H.R.2642 - Agricultural Act of 2014113th Congress (2013-2014)
Summary: H.R.2642 — 113th Congress (2013-2014)
Introduced in House (07/10/2013)
Federal Agriculture Reform and and Risk Management Act of 2013 - Title I: Commodities - Subtitle A: Repeals and Reforms - Repeals, but continues for crop year 2013: (1) direct payments, (2) countercyclical payments, and (3) the average crop revenue election (ACRE) program.
Provides for crop years beginning with crop year 2014 either: (1) price loss coverage if a covered commodity's effective price is less than its reference price; or (2) alternative revenue loss coverage, as a permanent one-time election, if a covered commodity's county revenue is less than the county revenue loss coverage trigger.
Subtitle B: Marketing Loans - Authorizes: (1) nonrecourse marketing assistance loans beginning with crop year 2014, (2) loan deficiency payments beginning with crop year 2014, (3) payments in lieu of loan deficiency payments for grazed acreage beginning with crop year 2014, (4) programs for upland cotton and extra long staple cotton, (5) assistance for peanuts, and (6) recourse loans for high moisture feed grains and seed cotton beginning with crop year 2014.
Subtitle C: Sugar - Directs the Secretary of Agriculture (USDA) to make nonrecourse loans to processors of domestically grown sugarcane and domestically grown sugar beets.
Directs the Secretary to make sugarcane and sugar beet quantity estimates for: (1) human consumption, (2) carryover stocks, (3) carry-in stocks, (4) domestic processing, and (5) imports.
Subtitle D: Dairy - Establishes a dairy production margin insurance program under which participating dairy operations are paid: (1) basic production margin protection program payments when production margins are less than threshold levels, and (2) supplemental production margin protection program payments if purchased by a participating dairy operation. Provides for program retroactivity.
Repeals: (1) the dairy products price support program, (2) the milk income loss contract program, and (3) the dairy export incentive program.
Extends: (1) the dairy indemnity program, (2) the dairy forward pricing program, and (3) the dairy promotion and research program.
Subtitle E: Supplemental Agricultural Disaster Assistance Programs - Provides livestock indemnity payments to eligible producers on farms that have incurred excess livestock death losses due to: (1) attacks by animals reintroduced into the wild by the federal government or protected by federal law, or (2) adverse weather.
Provides compensation to eligible livestock producers for grazing losses caused by drought or fire.
Provides emergency assistance to eligible producers of livestock, honey bees, and farm-raised fish to aid in the reduction of losses due to disease or adverse weather.
Provides assistance to eligible orchardists and nursery tree growers that planted trees for commercial purposes but lost the trees as a result of a natural disaster, and to eligible orchardists and nursery tree growers that have a production history for commercial purposes on planted or existing trees but lost the trees as a result of a natural disaster.
Establishes in the Office of the Secretary the National Drought Council.
Subtitle F: Administration - Directs the Secretary to use Commodity Credit Corporation (CCC) funds, facilities, and authorities to carry out this title.
Repeals specified permanent price support authority provisions under the Agricultural Adjustment Act of 1938 and the Agricultural Act of 1949.
Revises specified payment limitation provisions beginning with crop year 2014.
Prohibits a person or legal entity from receiving specified agricultural benefits during a crop, fiscal, or program year if the average adjusted gross income of such person or entity exceeds $950,000.
Makes permanent specified direct reimbursement payments for geographically disadvantaged farmers and ranchers.
Directs the Secretary to preclude issuance of agricultural payments to, and on behalf of, deceased individuals that were not eligible for payments.
Makes $100 million available to the Farm Service Agency to carry out this title.
Provides for the protection of producer information.
Repeals authority to convert highly erodible cropland under the conservation reserve program (CRP) to other specified conservation uses.
Title II: Conservation - Subtitle A: Conservation Reserve Program - Extends CRP and the farmable wetland program through FY2018.
Sets forth maximum CRP acreage enrollments for FY2014-FY2018.
Subtitle B: Conservation Stewardship Program - Revises, and extends through FY2018, the conservation stewardship program.
Limits aggregate payments to a person or entity to $200,000 during FY2014-FY2018, excluding funding arrangements with Indian tribes.
Subtitle C: Environmental Quality Incentives Program - Extends the environmental quality incentives program through FY2018.
Requires that 60% of FY2014-FY2018 program funds be used for livestock production practices, and that 7.5% of such funds be used for wildlife habitat practices.
Provides payments for wildlife habitat development.
Applies program limitations to the period FY2014-FY2018.
Subtitle D: Agricultural Conservation Easement Program - Establishes the agricultural conservation easement program for the conservation of eligible land and natural resources through easements or other interests in land. (Combines the purposes and absorbs the functions of the wetlands reserve program, the grassland reserve program, and the farmland protection program.)
Sets forth agricultural land and wetland easement provisions.
Subtitle E: Regional Conservation Partnership Program - Establishes a regional conservation partnership program to: (1) accomplish purposes similar to the agricultural water enhancement program, the Chesapeake Bay watershed program, the cooperative conservation partnership initiative, and the Great Lakes basin program; (2) further the conservation use of natural resources on a regional or watershed scale; and (3) encourage partners to cooperate with producers in meeting or avoiding the need for regulatory requirements related to production on eligible land and implementing projects that affect multiple agricultural or nonindustrial private forest operations on a local, state, or regional basis.
Authorizes the Secretary to enter into a partnership agreement for up to 5 years, with a one-time extension for up to 12 months.
Provides program funding for FY2014-FY2018.
Subtitle F: Other Conservation Programs - Authorizes appropriations through FY2018 for: (1) the conservation of private grazing land program, (2) the grass roots source water protection program, (3) the voluntary public access and habitat incentive program, and (4) the small watershed rehabilitation program.
Subtitle G: Funding and Administration - Authorizes the use of CCC funds through FY2018 for: (1) the conservation reserve program, including specified amounts for transferring contract land from retiring owners and operators to beginning and disadvantaged farmers and ranchers; (2) the agricultural conservation easement program; (3) the conservation security program; (4) the conservation stewardship program; and (5) the environmental quality incentives program.
Subtitle H: Repeal of Superseded Program Authorities and Transitional Provisions; Technical Amendments - Repeals: (1) the conservation enhancement program, (2) the emergency forestry conservation reserve program, (3) the wetlands reserve program, (4) the farmland protection program, (5) the grassland reserve program, (6) the agricultural water enhancement program, (7) the wildlife habitat incentive program, (8) the Great Lakes Basin program, (9) the Chesapeake Bay watershed program, (10) the cooperative conservation partnership initiative, and (11) the environmental easement program.
Title III: Trade - Subtitle A: Food for Peace Act - Extends specified programs and authorizations of appropriations under the Food for Peace Act through FY2018.
Subtitle B: Agricultural Trade Act of 1978 - Extends through FY2018: (1) export credit guarantee programs, (2) the market access program, and (3) the foreign market cooperator program.
Subtitle C: Other Agricultural Trade Laws - Extends through FY2018: (1) the food for progress program, (2) the Bill Emerson humanitarian trust, (3) the McGovern-Dole international food for education and child nutrition program, (4) technical assistance for specialty crops, and (5) the Global Crop Diversity Trust.
Authorizes the Secretary to establish the position of Under Secretary of Agriculture for Foreign Agricultural Services.
Title IV: Credit - Subtitle A: Farm Ownership Loans - Allows: (1) additional legal entities to qualify for farm ownership loans, and (2) other acceptable experiences to qualify for the three-year farming eligibility requirement for direct loans.
Authorizes appropriations through FY2018 for the conservation loan and loan guarantee program.
Increases maximum down payment loan program amounts.
Subtitle B: Operating Loans - Allows additional legal entities to qualify for farm operating loans.
Authorizes the Secretary to waive the personal liability of a youth borrower if a loan default was due to circumstances beyond the borrower's control.
Authorizes a micro loan program for direct or guaranteed loans (maximum micro loan of $35,000 with a total micro loan indebtedness of $70,000 per borrower).
Subtitle C: Emergency Loans - Allows additional legal entities to qualify for emergency loans.
Subtitle D: Administrative Provisions - Extends the beginning farmer and rancher individual development accounts pilot program through FY2018.
Subtitle E: State Agricultural Mediation Programs - Extends state agricultural mediation programs through FY2018.
Subtitle F: Loans to Purchasers of Highly Fractionated Land - Amends the loan and loan guarantee program for Indian tribes and tribal corporations to purchase highly fractioned land within the reservation to permit loans to intermediaries to establish revolving loan funds for such purchases.
Title V: Rural Development - Subtitle A: Consolidated Farm and Rural Development Act - Extends through FY2018: (1) water, waste disposal, and wastewater facility grants; (2) rural business opportunity grants; (3) funding for the federal share of developing tribal college or university essential community facilities; (4) emergency and imminent community water assistance grants; (5) grants to nonprofit organizations for water well system servicing for low- and moderate income households; (6) rural cooperative development grants; (7) loans to enterprises that process, store, and market locally or regionally produced agricultural food products; (8) the intermediary relending program to finance rural business facilities and community development projects; (9) grants for the federal share of acquiring radio transmitters to increase rural coverage by the weather radio broadcast system of the National Oceanic and Atmospheric Administration (NOAA); (10) the rural micro enterprise assistance program; (11) the Delta Regional Authority; (12) the Northern Great Plains Regional Authority; and (13) the rural business investment program.
Authorizes appropriations for the rural water and wastewater circuit rider program.
Directs the Secretary to develop a rural college strategy.
Subtitle B: Rural Electrification Act of 1936 - Extends through FY2018: (1) guarantee authority for rural electrification or telephone bonds and notes, (2) expansion of 911 access, and (3) loan guarantees for rural broadband telecommunications infrastructure.
Gives loan priority to applicants that offer to provide broadband service to the greatest proportion of households that had no incumbent service provider.
Subtitle C: Miscellaneous - Extends through FY2018 : (1) the distance learning and telemedicine program, (2) value-added agricultural producer grants, and (3) the agriculture innovation center demonstration program.
Authorizes appropriations through FY2018 for the: (1) Northern Border Regional Commission, (2) Southwest Border Regional Commission, and (3) Southeast Crescent Regional Commission.
Title VI: Research, Extension, and Related Matters - Subtitle A: National Agricultural Research, Extension, and Teaching Policy Act of 1977 - Extends the National Agricultural Research, Extension, Education, and Economics Advisory Board until September 30, 2018.
Establishes a veterinary services grant program. Authorizes appropriations.
Authorizes appropriations through FY2018 for agricultural and food policy research centers.
Repeals: (1) the human nutrition intervention and health promotion research program, (2) appropriations for research on national or regional problems, (3) the pilot research program to combine medical and agricultural research, (4) research equipment grants, and (5) the national and regional animal health and disease research program.
Extends through FY2018: (1) grants and fellowships for food and agricultural sciences education, (2) the nutrition education program, (3) animal heath and disease research programs, (4) grants to upgrade agricultural and food sciences facilities at 1890 land-grant colleges and at land grant colleges in insular areas, (5) grants for Hispanic-serving institutions, (6) grants for international agricultural science and education, (7) assistance for extension programs, (8) assistance for university agricultural research, (9) assistance for supplemental and alternative crops, (10) aquaculture assistance programs, (11) rangeland research programs, and (12) biosecurity planning.
Establishes a grant program for training Hispanic agricultural workers and youth in the food and agricultural sciences.
Authorizes appropriations through FY2018 for distance education and resident instruction at insular-area institutions of higher education.
Requires the recipient of a competitive grant that involves applied research or extension and that is commodity- or state-specific to provide matching funds or in-kind contributions.
Authorizes appropriations through FY2018 to carry out this subtitle.
Subtitle B: Food, Agriculture, Conservation, and Trade Act of 1990 - Extends through FY2018 programs and assistance under the National Agricultural Research, Extension, and Teaching Policy Act of 1977.
Repeals: (1) the national agricultural weather information system, (2) the agricultural genome initiative, (3) the electronic commerce extension program, (4) the nutrient management research and extension initiative, and (5) the agricultural bioenergy feedstock and energy efficiency research and extension initiative.
Extends through FY2018: (1) integrated management systems, (2) Extension Service agent training, (3) sustainable agriculture technology, (4) organic agriculture research, (5) farm business management, (6) assistive technology for farmers with disabilities, (7) the national rural information center clearinghouse, (8) high-priority research and extension initiatives, and (9) the genetics resources program.
Subtitle C: Agricultural Research, Extension, and Education Reform Act of 1998 - Extends through FY2018: (1) integrated management systems programs; (2) research regarding diseases of wheat, triticale, and barley caused by Fusarium graminearum or by Tilletia indica; (3) grants for youth organizations; (4) the specialty crop research initiative; (5) the food animal residue avoidance database program; and (6) the Office of Pest Management Policy.
Repeals: (1) the program to improve the viability of small and medium dairy, livestock, and poultry operations; (2) Johne's (livestock) disease control program; and (3) the national swine research center.
Expresses the sense of Congress regarding expansion of the land grant program to include increased funding and additional institutions.
Subtitle D: Other Laws - Extends through FY2018 programs and assistance under: (1) the Critical Agricultural Materials Act, (2) the Research Facilities Act, (3) the Renewable Resources Extension Act of 1978, and (4) the National Aquaculture Act of 1980.
Revises "1994 Institutions" (Equity in Educational Land-Grant Status Act of 1994) provisions.
Extends the beginning farmer and rancher development program through FY2018.
Makes beginning farmers and ranchers who are veterans eligible for program set-asides.
Extends coverage under the McIntire-Stennis Cooperative Forestry Act to the Commonwealth of the Northern Mariana Islands.
Subtitle E: Food, Conservation, and Energy Act of 2008 - Extends through FY2018: (1) the Agricultural Biosecurity Communication Center, (2) research and development of agricultural countermeasures, (3) training for agricultural biosecurity planning and response for food science professionals and veterinarians, and (4) the agricultural biosecurity grant program.
Extends the period prohibiting federal land and facilities at El Reno, Oklahoma, from being declared to be surplus federal property or otherwise be conveyed.
Revises budget submission and funding provisions.
Authorizes appropriations through FY2018 for research and education grants for the study of antibiotic-resistant bacteria.
Extends through FY2018: (1) the natural products research program, and (2) the sun grant program.
Repeals: (1) the farm and ranch stress assistance network, (2) the seed distribution program, and (3) the rural transportation research program.
Subtitle F: Miscellaneous Provisions - Authorizes the Secretary to negotiate concession agreements at the National Arboretum with nonprofit organizations that support the Arboretum.
Authorizes a non-federal entity to construct, at no cost to the government, a facility for use by the Agricultural Research Service on land owned by the Agricultural Research Service and managed by the Secretary. (Prohibits the Secretary from accepting the completed facility as a gift if its fair market value exceeds $5 million.)
Title VII: Forestry - Subtitle A: Repeal of Certain Forestry Programs - Repeals: (1) the forest land enhancement program, (2) the watershed forestry assistance program, (3) the Hispanic-serving institution agricultural land leadership program, and (4) the tribal watershed forestry assistance program.
Subtitle B: Reauthorization of Cooperative Forestry Assistance Act of 1978 Programs - Extends the forest legacy program and the community forest and open space conservation program through FY2018.
Subtitle C: Reauthorization of Other Forestry-Related Laws - Extends the rural revitalization technologies program and the Office of International Forestry through FY2018.
Subtitle D: National Forest Critical Area Response - Directs the Secretary to designate critical areas within the National Forest System to address: (1) deteriorating forest health conditions due to insect infestation, drought, disease, or storm damage; and (2) the future risk of insect infestations or disease outbreaks through preventative treatments.
Allows the use of expedited environmental, administrative, and judicial procedures to be used for such areas.
Subtitle E: Miscellaneous Provisions - Directs the Secretary to revise the forest inventory strategic plan.
Authorizes a state to provide reimbursement through the Secretary for wildfire suppression costs expended on its behalf by another state.
Authorizes the Secretary, through the Forest Service, to establish a large air tanker and aerial asset lease program.
Directs the Secretary to convey for consideration a parcel of National Forest System land in the Jefferson National Forest in Wise County, Virginia, to the Mullins and Sturgill Cemetery Association of Pound, Virginia.
Title VIII: Energy - Extends through FY2018: (1) the biobased marketing program, (2) biorefinery assistance, (3) the bioenergy program for advanced biofuels, (4) the biodiesel fuel education program, (5) the repowering assistance program to reduce or eliminate biorefinery fossil fuel use, (6) the rural energy for America program, (7) biomass research and development, (8) the feedstock flexibility program for bioenergy producers, (9) the biomass crop assistance program, and (10) the community wood energy program.
Title IX: Horticulture - Extends through FY2018: (1) the specialty crop market news program, (2) the farmers market and local food promotion program, (3) organic production and market initiatives, (4) food safety initiatives, and (5) specialty crop block grants.
Repeals the specialty crop movement-to-market program.
Sets forth investigatory and enforcement provisions under the Organic Foods Production Act of 1990.
Directs the Secretary to consult with the Secretary of Labor regarding the restraining or confiscation of agricultural commodity shipments for actual or suspected labor law violations in order to consider: (1) the perishable nature of such commodities, (2) the impact of such actions on the economic viability of farming operations, and (3) the competitiveness of specialty crops.
Exempts the bulk bin shipment of apples to Canada from specified Apple Export Act requirements.
Repeals the coordinated plant management program and establishes the national clean plant network for diagnostic and pathogen elimination services to: (1) produce clean propagative plant material, and (2) maintain blocks of pathogen-tested plant material in sites throughout the United States. Makes funding available through FY2018.
Reducing Regulatory Burdens Act of 2013 - Prohibits, with specified exceptions, the Administrator of the Environmental Protection Agency (EPA) or a state from requiring a permit under the Federal Water Pollution Control Act for a discharge from a point source into navigable waters of a pesticide authorized for sale, distribution, or use under the Federal Insecticide, Fungicide, and Rodenticide Act.
States that, for purposes of notifications of arrival upon importation, seed, including treated seed, shall not be considered a pesticide or device.
Title X: Crop Insurance - Makes available to crop producers a supplemental coverage option (based on area yield and loss) to cover part of a crop insurance policy deductible.
Triggers such option only if area losses exceed 10% of normal levels.
Provides for: (1) 65% premium coverage by the Federal Crop Insurance Corporation (FCIC), and (2) coverage to begin no later than crop year 2014.
Makes permanent the pilot program under which FCIC pays a portion of the premiums for insurance plans or policies for which the insurable unit is defined as a whole farm or enterprise unit.
Makes separate enterprise units available for irrigated and non-irrigated acreages of crops beginning with crop year 2014.
Revises the adjustment in actual production history used to establish insurable yields.
Requires FCIC to: (1) review any policy or pilot program to carry out research and development for new crop insurance policies, and submit it to the Board of Directors if it will likely result in a marketable policy and improved coverage; and (2) make an additional annual reimbursement through reinsurance year 2015 to insurance companies selling specialty crop policies.
Provides crop insurance premiums at 50 percentage points less than the otherwise applicable subsidy for the first four crop years of planting on native sod acreage in the Prairie Pothole National Priority Area.
Defines "beginning farmer or rancher" as a farmer or rancher who has not actively operated and managed a farm or ranch with a bona fide insurable interest in a crop or livestock as an owner-operator, landlord, tenant, or sharecropper for more than five crop years.
Requires FCIC, beginning not later than the 2014 upland cotton crop, to make available to producers of maximum eligible acres of upland cotton an additional policy (the Stacked Income Protection Plan).
States that Plan coverage shall be in addition to all other coverages available to upland cotton producers.
Requires FCIC and the Risk Management Agency, beginning with the 2014 crop, to make available a revenue crop insurance program for peanuts based on a price equal to the Rotterdam price index for peanuts, as adjusted to reflect the farmer stock price of peanuts in the United States.
Directs the Secretary to: (1) maintain and upgrade FCIC information management systems used in the administration and enforcement of this title, (2) implement an acreage reporting streamlining initiative to permit producers to report acreage and other information directly to USDA, and (3) provide advance public notice of crop insurance policy and plan changes.
Requires FCIC to: (1) contract for research and development for insuring producers of freshwater-reared catfish against reduction in the margin between market value and selected production costs; (2) contract to determine the feasibility of insuring commercial poultry production against business disruptions caused by integrator bankruptcy, and for a study to determine the feasibility of insuring poultry producers for a catastrophic event; (3) contract for research and development of insuring biomass and sweet sorghum grown to produce feedstocks for renewable biofuel, renewable electricity, or biobased products; (4) contract for a feasibility study of insuring swine producers for a catastrophic event; (5) develop a whole farm risk management insurance plan (with liability of up to $1.25 million); and (6) contract for a study of food safety insurance.
Title XI: Miscellaneous - Subtitle A: Livestock - Extends the national aquatic animal health plan and the trichinae certification program through FY2018.
Repeals authority for the National Sheep Industry Improvement Center.
Directs the Secretary, through the Office of the Chief Economist, to conduct an economic analysis of the USDA's proposed rule "Mandatory Country of Origin Labeling of Beef, Pork, Lamb, Chicken, Goat Meat, Wild and Farm-raised Fish and Shellfish, Perishable Agricultural Commodities, Peanuts, Pecans, Ginseng and Macadamia Nuts."
Directs the Secretary to enter into contracts, grants, and cooperative agreements with eligible laboratories to: (1) enhance USDA's capability to detect and respond to animal health threats and to support the protection of public health, the environment, and the agricultural economy; (2) coordinate enhancement of national veterinary diagnostic laboratory capabilities; and (3) provide for standardized laboratory biosafety and biosecurity levels. Authorizes appropriations through FY2018.
Requires USDA to continue to administer the diagnostic surveillance program for H5/H7 low pathogenic avian influenza with respect to commercial poultry without amending specified federal regulations.
Subtitle B: Socially Disadvantaged Producers and Limited Resource Producers - Provides funding through FY2018 for: (1) outreach and assistance to socially disadvantaged farmers and ranchers (including veteran farmers and ranchers in the program), and (2) the Office of Advocacy and Outreach.
Directs the Secretary to award a grant to an 1890 land grant college or university, including Tuskegee University, to establish the Socially Disadvantaged Farmers and Ranchers Policy Research Center.
Subtitle C: Other Miscellaneous Provisions - Provides funding through FY2018 for grants to improve the supply, stability, safety, and training of the agricultural labor force.
Establishes: (1) an Office of Tribal Relations within the Office of the Secretary; and (2) a USDA position of Military Veterans Agricultural Liaison to provide information to returning military veterans on beginning farmer training, agricultural vocational and rehabilitation programs.
Provides coverages based on individual yields (other than for value-loss crops) under the noninsured crop disaster assistance program equivalent to: (1) catastrophic risk protection, or (2) specified additional coverage. Reduces the premium for additional coverage by 50% for limited resource, beginning, and socially disadvantaged farmers. Begins such coverage in crop year 2015.
Requires each federal agency to have guidelines in effect for ensuring the quality of scientific information by January 1, 2014.
Prohibits USDA from closing or relocating a Farm Service Agency county or field office that has a high workload compared with other offices in the state.
Authorizes the Secretary to make grants to states, tribal governments, and research institutions to promote the domestic maple syrup industry.
Directs the Secretary to review publications that may give notice that the Environmental Protection Agency (EPA) is preparing any guidance, policy, or regulation that may significantly impact a substantial number of agricultural entities.
Prohibits any person from knowingly attending an animal fighting venture or causing a minor to attend such a venture.
Prohibits any state or local government from imposing standards or conditions on the production or manufacture of agricultural products sold in interstate commerce if: (1) the production or manufacture occurs in another state, and (2) the standard or condition is in addition to the standards and conditions applicable pursuant to federal law and the laws of the state and locality in which such production or manufacture occurs.
Directs the Secretary to act to: (1) increase flood protection for farmers, producers, and other agricultural interests in the Missouri River Basin, and around the Wallkill River and the Black Dirt region of New York/New Jersey; (2) protect honey bees and other pollinators; and (3) coordinate urban agriculture.
Prohibits the Secretary of Health and Human Services (HHS) from enforcing any regulations promulgated under the FDA Food Safety Modernization Act until the Secretary publishes in the Federal Register an analysis of the scientific information used in the final rule to implement such Act.
States that the EPA shall not require a permit or otherwise require any state to require a permit for a discharge of storm water runoff resulting from specified silviculture activities.
Prohibits the EPA, except in certain circumstances, from making public the information of any owner, operator, or employee of an agricultural operation provided to EPA by a farmer, rancher, livestock producer, or a state agency that has been obtained in accordance with the Federal Water Pollution Control Act or any other law.
Requires a report to Congress on national ocean policy by the USDA Inspector General.
States that in each fiscal year the Secretary may not carry out any program: (1) for which an authorization of appropriations is established or extended under this Act, and (2) that is funded by discretionary appropriations.
Subtitle D: Chesapeake Bay Accountability and Recovery - Chesapeake Bay Accountability and Recovery Act of 2013 - Requires the Director of the Office of Management and Budget (OMB) to submit to Congress a financial report containing: (1) an interagency budget for restoration activities in the Chesapeake Bay watershed; (2) an accounting of funds received and obligated by all federal agencies for restoration activities; (3) an accounting from each state of all funds received and obligated from a federal agency for restoration activities; and (4) a description of each of the proposed federal and state restoration activities.