119THCONGRESS
1
STSESSION H. CON. RES. 14
CONCURRENT RESOLUTION
Resolved by the House of Representatives (the Senate 1
concurring), 2
SECTION 1. CONCURRENT RESOLUTION ON THE BUDGET 3
FOR FISCAL YEAR 2025. 4
(a) D
ECLARATION.—The Congress determines and 5
declares that prior concurrent resolutions on the budget 6 2
•HCON 14 EH
are replaced as of fiscal year 2025 and that this concur-1
rent resolution establishes the budget for fiscal year 2025 2
and sets forth the appropriate budgetary levels for fiscal 3
years 2026 through 2034. 4
(b) T
ABLE OFCONTENTS.—The table of contents for 5
this concurrent resolution is as follows: 6
Sec. 1. Concurrent resolution on the budget for fiscal year 2025.
TITLE I—RECOMMENDED LEVELS AND AMOUNTS
Sec. 1001. Recommended levels and amounts.
Sec. 1002. Major functional categories.
TITLE II—RECONCILIATION AND RELATED MATTERS
Sec. 2001. Reconciliation in the House of Representatives.
TITLE III—RESERVE FUND AND DEFICIT REDUCTION
ADJUSTMENT
Sec. 3001. Reserve fund for reconciliation legislation in the House of Rep-
resentatives.
Sec. 3002. Adjustment for spending cuts of at least $2 trillion.
TITLE IV—POLICY STATEMENTS
Sec. 4001. Policy statement on economic growth.
Sec. 4002. Policy statement on mandatory spending reduction.
Sec. 4003. Policy statement on Government deregulation.
TITLE V—OTHER MATTERS
Sec. 5001. Enforcement filing in the House of Representatives.
Sec. 5002. Budgetary treatment of administrative expenses in the House of
Representatives.
Sec. 5003. Application and effect of changes in allocations, aggregates, and
other budgetary levels.
Sec. 5004. Adjustments to reflect changes in concepts and definitions in the
House of Representatives.
Sec. 5005. Adjustment for changes in the baseline.
Sec. 5006. Exercise of rulemaking powers. 3
•HCON 14 EH
TITLE I—RECOMMENDED 1
LEVELS AND AMOUNTS 2
SEC. 1001. RECOMMENDED LEVELS AND AMOUNTS. 3
The following budgetary levels are appropriate for 4
each of fiscal years 2025 through 2034: 5
(1) F
EDERAL REVENUES .—For purposes of the 6
enforcement of this concurrent resolution: 7
(A) The recommended levels of Federal 8
revenues are as follows: 9
Fiscal year 2025: $3,408,969,000,000. 10
Fiscal year 2026: $3,766,668,000,000. 11
Fiscal year 2027: $4,066,393,000,000. 12
Fiscal year 2028: $4,186,847,000,000. 13
Fiscal year 2029: $4,309,831,000,000. 14
Fiscal year 2030: $4,508,641,000,000. 15
Fiscal year 2031: $4,730,270,000,000. 16
Fiscal year 2032: $4,938,712,000,000. 17
Fiscal year 2033: $5,172,643,000,000. 18
Fiscal year 2034: $5,410,030,000,000. 19
(B) The amounts by which the aggregate 20
levels of Federal revenues should be changed 21
are as follows: 22
Fiscal year 2025: -$450,000,000,000. 23
Fiscal year 2026: -$450,000,000,000. 24
Fiscal year 2027: -$450,000,000,000. 25 4
•HCON 14 EH
Fiscal year 2028: -$450,000,000,000. 1
Fiscal year 2029: -$450,000,000,000. 2
Fiscal year 2030: -$450,000,000,000. 3
Fiscal year 2031: -$450,000,000,000. 4
Fiscal year 2032: -$450,000,000,000. 5
Fiscal year 2033: -$450,000,000,000. 6
Fiscal year 2034: -$450,000,000,000. 7
(2) N
EW BUDGET AUTHORITY .—For purposes 8
of the enforcement of this concurrent resolution, the 9
appropriate levels of total new budget authority are 10
as follows: 11
Fiscal year 2025: $5,515,610,000,000. 12
Fiscal year 2026: $5,605,352,000,000. 13
Fiscal year 2027: $5,744,975,000,000. 14
Fiscal year 2028: $5,999,399,000,000. 15
Fiscal year 2029: $6,173,475,000,000. 16
Fiscal year 2030: $6,494,898,000,000. 17
Fiscal year 2031: $6,748,868,000,000. 18
Fiscal year 2032: $7,048,096,000,000. 19
Fiscal year 2033: $7,438,116,000,000. 20
Fiscal year 2034: $7,610,582,000,000. 21
(3) B
UDGET OUTLAYS.—For purposes of the 22
enforcement of this concurrent resolution, the appro-23
priate levels of total budget outlays are as follows: 24
Fiscal year 2025: $5,490,790,000,000. 25 5
•HCON 14 EH
Fiscal year 2026: $5,623,085,000,000. 1
Fiscal year 2027: $5,821,621,000,000. 2
Fiscal year 2028: $6,088,332,000,000. 3
Fiscal year 2029: $6,164,293,000,000. 4
Fiscal year 2030: $6,484,545,000,000. 5
Fiscal year 2031: $6,720,491,000,000. 6
Fiscal year 2032: $6,983,637,000,000. 7
Fiscal year 2033: $7,401,699,000,000. 8
Fiscal year 2034: $7,529,256,000,000. 9
(4) D
EFICITS.—For purposes of the enforce-10
ment of this concurrent resolution, the amounts of 11
the deficits are as follows: 12
Fiscal year 2025: $2,081,821,000,000. 13
Fiscal year 2026: $1,856,417,000,000. 14
Fiscal year 2027: $1,755,228,000,000. 15
Fiscal year 2028: $1,901,485,000,000. 16
Fiscal year 2029: $1,854,462,000,000. 17
Fiscal year 2030: $1,975,904,000,000. 18
Fiscal year 2031: $1,990,221,000,000. 19
Fiscal year 2032: $2,044,925,000,000. 20
Fiscal year 2033: $2,229,056,000,000. 21
Fiscal year 2034: $2,119,226,000,000. 22
(5) D
EBT SUBJECT TO LIMIT.—The appropriate 23
levels of debt subject to limit are as follows: 24
Fiscal year 2025: $37,660,656,000,000. 25 6
•HCON 14 EH
Fiscal year 2026: $39,839,449,000,000. 1
Fiscal year 2027: $41,752,932,000,000. 2
Fiscal year 2028: $43,721,320,000,000. 3
Fiscal year 2029: $45,725,094,000,000. 4
Fiscal year 2030: $47,646,893,000,000. 5
Fiscal year 2031: $49,490,401,000,000. 6
Fiscal year 2032: $51,311,359,000,000. 7
Fiscal year 2033: $53,342,100,000,000. 8
Fiscal year 2034: $55,566,372,000,000. 9
(6) D
EBT HELD BY THE PUBLIC .—The appro-10
priate levels of debt held by the public are as follows: 11
Fiscal year 2025: $30,430,405,000,000. 12
Fiscal year 2026: $32,469,082,000,000. 13
Fiscal year 2027: $34,395,037,000,000. 14
Fiscal year 2028: $36,452,960,000,000. 15
Fiscal year 2029: $38,403,594,000,000. 16
Fiscal year 2030: $40,444,544,000,000. 17
Fiscal year 2031: $42,449,786,000,000. 18
Fiscal year 2032: $44,476,114,000,000. 19
Fiscal year 2033: $46,612,129,000,000. 20
Fiscal year 2034: $48,599,876,000,000. 21
SEC. 1002. MAJOR FUNCTIONAL CATEGORIES. 22
Congress determines and declares that the appro-23
priate levels of new budget authority and outlays for fiscal 24 7
•HCON 14 EH
years 2025 through 2034 for each major functional cat-1
egory are: 2
(1) National Defense (050): 3
Fiscal year 2025: 4
(A) New budget authority, 5
$888,044,000,000. 6
(B) Outlays, $883,821,000,000. 7
Fiscal year 2026: 8
(A) New budget authority, 9
$913,263,000,000. 10
(B) Outlays, $895,830,000,000. 11
Fiscal year 2027: 12
(A) New budget authority, 13
$935,345,000,000. 14
(B) Outlays, $913,493,000,000. 15
Fiscal year 2028: 16
(A) New budget authority, 17
$956,694,000,000. 18
(B) Outlays, $940,299,000,000. 19
Fiscal year 2029: 20
(A) New budget authority, 21
$979,049,000,000. 22
(B) Outlays, $950,598,000,000. 23
Fiscal year 2030: 24 8
•HCON 14 EH
(A) New budget authority, 1
$1,002,337,000,000. 2
(B) Outlays, $977,233,000,000. 3
Fiscal year 2031: 4
(A) New budget authority, 5
$1,026,119,000,000. 6
(B) Outlays, $996,535,000,000. 7
Fiscal year 2032: 8
(A) New budget authority, 9
$1,050,408,000,000. 10
(B) Outlays, $1,016,235,000,000. 11
Fiscal year 2033: 12
(A) New budget authority, 13
$1,076,299,000,000. 14
(B) Outlays, $1,050,728,000,000. 15
Fiscal year 2034: 16
(A) New budget authority, 17
$1,101,659,000,000. 18
(B) Outlays, $1,067,701,000,000. 19
(2) International Affairs (150): 20
Fiscal year 2025: 21
(A) New budget authority, 22
$65,962,000,000. 23
(B) Outlays, $69,206,000,000. 24
Fiscal year 2026: 25 9
•HCON 14 EH
(A) New budget authority, 1
$64,270,000,000. 2
(B) Outlays, $68,458,000,000. 3
Fiscal year 2027: 4
(A) New budget authority, 5
$64,856,000,000. 6
(B) Outlays, $68,013,000,000. 7
Fiscal year 2028: 8
(A) New budget authority, 9
$66,169,000,000. 10
(B) Outlays, $64,433,000,000. 11
Fiscal year 2029: 12
(A) New budget authority, 13
$67,655,000,000. 14
(B) Outlays, $65,177,000,000. 15
Fiscal year 2030: 16
(A) New budget authority, 17
$69,175,000,000. 18
(B) Outlays, $65,601,000,000. 19
Fiscal year 2031: 20
(A) New budget authority, 21
$70,699,000,000. 22
(B) Outlays, $66,643,000,000. 23
Fiscal year 2032: 24 10
•HCON 14 EH
(A) New budget authority, 1
$72,220,000,000. 2
(B) Outlays, $67,916,000,000. 3
Fiscal year 2033: 4
(A) New budget authority, 5
$73,809,000,000. 6
(B) Outlays, $69,332,000,000. 7
Fiscal year 2034: 8
(A) New budget authority, 9
$75,431,000,000. 10
(B) Outlays, $70,768,000,000. 11
(3) General Science, Space, and Technology 12
(250): 13
Fiscal year 2025: 14
(A) New budget authority, 15
$42,084,000,000. 16
(B) Outlays, $41,734,000,000. 17
Fiscal year 2026: 18
(A) New budget authority, 19
$43,056,000,000. 20
(B) Outlays, $42,483,000,000. 21
Fiscal year 2027: 22
(A) New budget authority, 23
$44,011,000,000. 24
(B) Outlays, $43,166,000,000. 25 11
•HCON 14 EH
Fiscal year 2028: 1
(A) New budget authority, 2
$44,881,000,000. 3
(B) Outlays, $43,781,000,000. 4
Fiscal year 2029: 5
(A) New budget authority, 6
$45,834,000,000. 7
(B) Outlays, $44,611,000,000. 8
Fiscal year 2030: 9
(A) New budget authority, 10
$46,835,000,000. 11
(B) Outlays, $45,450,000,000. 12
Fiscal year 2031: 13
(A) New budget authority, 14
$47,840,000,000. 15
(B) Outlays, $46,405,000,000. 16
Fiscal year 2032: 17
(A) New budget authority, 18
$48,853,000,000. 19
(B) Outlays, $47,377,000,000. 20
Fiscal year 2033: 21
(A) New budget authority, 22
$49,907,000,000. 23
(B) Outlays, $48,391,000,000. 24
Fiscal year 2034: 25 12
•HCON 14 EH
(A) New budget authority, 1
$50,997,000,000. 2
(B) Outlays, $49,436,000,000. 3
(4) Energy (270): 4
Fiscal year 2025: 5
(A) New budget authority, 6
$39,842,000,000. 7
(B) Outlays, $37,587,000,000. 8
Fiscal year 2026: 9
(A) New budget authority, 10
$40,172,000,000. 11
(B) Outlays, $44,518,000,000. 12
Fiscal year 2027: 13
(A) New budget authority, 14
$43,579,000,000. 15
(B) Outlays, $52,928,000,000. 16
Fiscal year 2028: 17
(A) New budget authority, 18
$44,493,000,000. 19
(B) Outlays, $52,542,000,000. 20
Fiscal year 2029: 21
(A) New budget authority, 22
$45,633,000,000. 23
(B) Outlays, $51,237,000,000. 24
Fiscal year 2030: 25 13
•HCON 14 EH
(A) New budget authority, 1
$44,014,000,000. 2
(B) Outlays, $47,297,000,000. 3
Fiscal year 2031: 4
(A) New budget authority, 5
$45,460,000,000. 6
(B) Outlays, $46,521,000,000. 7
Fiscal year 2032: 8
(A) New budget authority, 9
$50,176,000,000. 10
(B) Outlays, $48,864,000,000. 11
Fiscal year 2033: 12
(A) New budget authority, 13
$35,184,000,000. 14
(B) Outlays, $34,040,000,000. 15
Fiscal year 2034: 16
(A) New budget authority, 17
$27,122,000,000. 18
(B) Outlays, $26,021,000,000. 19
(5) Natural Resources and Environment (300): 20
Fiscal year 2025: 21
(A) New budget authority, 22
$88,219,000,000. 23
(B) Outlays, $90,074,000,000. 24
Fiscal year 2026: 25 14
•HCON 14 EH
(A) New budget authority, 1
$89,760,000,000. 2
(B) Outlays, $90,428,000,000. 3
Fiscal year 2027: 4
(A) New budget authority, 5
$83,830,000,000. 6
(B) Outlays, $91,282,000,000. 7
Fiscal year 2028: 8
(A) New budget authority, 9
$85,498,000,000. 10
(B) Outlays, $91,754,000,000. 11
Fiscal year 2029: 12
(A) New budget authority, 13
$87,319,000,000. 14
(B) Outlays, $92,172,000,000. 15
Fiscal year 2030: 16
(A) New budget authority, 17
$88,970,000,000. 18
(B) Outlays, $92,442,000,000. 19
Fiscal year 2031: 20
(A) New budget authority, 21
$91,016,000,000. 22
(B) Outlays, $92,640,000,000. 23
Fiscal year 2032: 24 15
•HCON 14 EH
(A) New budget authority, 1
$92,975,000,000. 2
(B) Outlays, $91,686,000,000. 3
Fiscal year 2033: 4
(A) New budget authority, 5
$95,254,000,000. 6
(B) Outlays, $93,640,000,000. 7
Fiscal year 2034: 8
(A) New budget authority, 9
$97,211,000,000. 10
(B) Outlays, $94,831,000,000. 11
(6) Agriculture (350): 12
Fiscal year 2025: 13
(A) New budget authority, 14
$58,457,000,000. 15
(B) Outlays, $41,846,000,000. 16
Fiscal year 2026: 17
(A) New budget authority, 18
$59,875,000,000. 19
(B) Outlays, $58,018,000,000. 20
Fiscal year 2027: 21
(A) New budget authority, 22
$64,092,000,000. 23
(B) Outlays, $61,792,000,000. 24
Fiscal year 2028: 25 16
•HCON 14 EH
(A) New budget authority, 1
$66,014,000,000. 2
(B) Outlays, $64,140,000,000. 3
Fiscal year 2029: 4
(A) New budget authority, 5
$66,999,000,000. 6
(B) Outlays, $63,775,000,000. 7
Fiscal year 2030: 8
(A) New budget authority, 9
$65,213,000,000. 10
(B) Outlays, $62,065,000,000. 11
Fiscal year 2031: 12
(A) New budget authority, 13
$65,516,000,000. 14
(B) Outlays, $62,226,000,000. 15
Fiscal year 2032: 16
(A) New budget authority, 17
$66,979,000,000. 18
(B) Outlays, $63,432,000,000. 19
Fiscal year 2033: 20
(A) New budget authority, 21
$68,738,000,000. 22
(B) Outlays, $64,825,000,000. 23
Fiscal year 2034: 24 17
•HCON 14 EH
(A) New budget authority, 1
$70,130,000,000. 2
(B) Outlays, $66,347,000,000. 3
(7) Commerce and Housing Credit (370): 4
Fiscal year 2025: 5
(A) New budget authority, 6
$12,477,000,000. 7
(B) Outlays, -$18,175,000,000. 8
Fiscal year 2026: 9
(A) New budget authority, 10
$33,817,000,000. 11
(B) Outlays, -$207,000,000. 12
Fiscal year 2027: 13
(A) New budget authority, 14
$29,807,000,000. 15
(B) Outlays, $8,387,000,000. 16
Fiscal year 2028: 17
(A) New budget authority, 18
-$55,092,000,000. 19
(B) Outlays, -$64,213,000,000. 20
Fiscal year 2029: 21
(A) New budget authority, 22
$27,308,000,000. 23
(B) Outlays, $17,149,000,000. 24
Fiscal year 2030: 25 18
•HCON 14 EH
(A) New budget authority, 1
$27,501,000,000. 2
(B) Outlays, $14,043,000,000. 3
Fiscal year 2031: 4
(A) New budget authority, 5
$27,776,000,000. 6
(B) Outlays, $9,486,000,000. 7
Fiscal year 2032: 8
(A) New budget authority, 9
$28,233,000,000. 10
(B) Outlays, $6,788,000,000. 11
Fiscal year 2033: 12
(A) New budget authority, 13
$22,118,000,000. 14
(B) Outlays, -$2,412,000,000. 15
Fiscal year 2034: 16
(A) New budget authority, 17
$31,836,000,000. 18
(B) Outlays, $4,308,000,000. 19
(8) Transportation (400): 20
Fiscal year 2025: 21
(A) New budget authority, 22
$173,158,000,000. 23
(B) Outlays, $144,771,000,000. 24
Fiscal year 2026: 25 19
•HCON 14 EH
(A) New budget authority, 1
$176,249,000,000. 2
(B) Outlays, $154,625,000,000. 3
Fiscal year 2027: 4
(A) New budget authority, 5
$178,411,000,000. 6
(B) Outlays, $162,925,000,000. 7
Fiscal year 2028: 8
(A) New budget authority, 9
$180,607,000,000. 10
(B) Outlays, $171,610,000,000. 11
Fiscal year 2029: 12
(A) New budget authority, 13
$182,610,000,000. 14
(B) Outlays, $175,967,000,000. 15
Fiscal year 2030: 16
(A) New budget authority, 17
$179,144,000,000. 18
(B) Outlays, $174,442,000,000. 19
Fiscal year 2031: 20
(A) New budget authority, 21
$181,099,000,000. 22
(B) Outlays, $178,314,000,000. 23
Fiscal year 2032: 24 20
•HCON 14 EH
(A) New budget authority, 1
$189,966,000,000. 2
(B) Outlays, $187,367,000,000. 3
Fiscal year 2033: 4
(A) New budget authority, 5
$192,692,000,000. 6
(B) Outlays, $191,213,000,000. 7
Fiscal year 2034: 8
(A) New budget authority, 9
$195,495,000,000. 10
(B) Outlays, $194,754,000,000. 11
(9) Community and Regional Development 12
(450): 13
Fiscal year 2025: 14
(A) New budget authority, 15
$87,762,000,000. 16
(B) Outlays, $78,752,000,000. 17
Fiscal year 2026: 18
(A) New budget authority, 19
$89,366,000,000. 20
(B) Outlays, $69,845,000,000. 21
Fiscal year 2027: 22
(A) New budget authority, 23
$91,267,000,000. 24
(B) Outlays, $74,426,000,000. 25 21
•HCON 14 EH
Fiscal year 2028: 1
(A) New budget authority, 2
$92,897,000,000. 3
(B) Outlays, $75,604,000,000. 4
Fiscal year 2029: 5
(A) New budget authority, 6
$94,812,000,000. 7
(B) Outlays, $77,850,000,000. 8
Fiscal year 2030: 9
(A) New budget authority, 10
$96,811,000,000. 11
(B) Outlays, $82,903,000,000. 12
Fiscal year 2031: 13
(A) New budget authority, 14
$98,774,000,000. 15
(B) Outlays, $86,364,000,000. 16
Fiscal year 2032: 17
(A) New budget authority, 18
$100,621,000,000. 19
(B) Outlays, $88,685,000,000. 20
Fiscal year 2033: 21
(A) New budget authority, 22
$102,711,000,000. 23
(B) Outlays, $90,723,000,000. 24
Fiscal year 2034: 25 22
•HCON 14 EH
(A) New budget authority, 1
$104,818,000,000. 2
(B) Outlays, $93,005,000,000. 3
(10) Education, Training, Employment, and 4
Social Services (500): 5
Fiscal year 2025: 6
(A) New budget authority, 7
$149,303,000,000. 8
(B) Outlays, $171,916,000,000. 9
Fiscal year 2026: 10
(A) New budget authority, 11
$152,714,000,000. 12
(B) Outlays, $151,605,000,000. 13
Fiscal year 2027: 14
(A) New budget authority, 15
$155,153,000,000. 16
(B) Outlays, $150,979,000,000. 17
Fiscal year 2028: 18
(A) New budget authority, 19
$157,971,000,000. 20
(B) Outlays, $152,819,000,000. 21
Fiscal year 2029: 22
(A) New budget authority, 23
$160,952,000,000. 24
(B) Outlays, $155,502,000,000. 25 23
•HCON 14 EH
Fiscal year 2030: 1
(A) New budget authority, 2
$163,865,000,000. 3
(B) Outlays, $158,383,000,000. 4
Fiscal year 2031: 5
(A) New budget authority, 6
$166,854,000,000. 7
(B) Outlays, $161,312,000,000. 8
Fiscal year 2032: 9
(A) New budget authority, 10
$170,223,000,000. 11
(B) Outlays, $164,486,000,000. 12
Fiscal year 2033: 13
(A) New budget authority, 14
$173,784,000,000. 15
(B) Outlays, $167,792,000,000. 16
Fiscal year 2034: 17
(A) New budget authority, 18
$176,834,000,000. 19
(B) Outlays, $170,876,000,000. 20
(11) Health (550): 21
Fiscal year 2025: 22
(A) New budget authority, 23
$945,070,000,000. 24
(B) Outlays, $961,180,000,000. 25 24
•HCON 14 EH
Fiscal year 2026: 1
(A) New budget authority, 2
$992,460,000,000. 3
(B) Outlays, $976,705,000,000. 4
Fiscal year 2027: 5
(A) New budget authority, 6
$1,021,428,000,000. 7
(B) Outlays, $1,021,884,000,000. 8
Fiscal year 2028: 9
(A) New budget authority, 10
$1,056,522,000,000. 11
(B) Outlays, $1,053,318,000,000. 12
Fiscal year 2029: 13
(A) New budget authority, 14
$1,099,999,000,000. 15
(B) Outlays, $1,095,100,000,000. 16
Fiscal year 2030: 17
(A) New budget authority, 18
$1,144,066,000,000. 19
(B) Outlays, $1,133,456,000,000. 20
Fiscal year 2031: 21
(A) New budget authority, 22
$1,177,723,000,000. 23
(B) Outlays, $1,176,648,000,000. 24
Fiscal year 2032: 25 25
•HCON 14 EH
(A) New budget authority, 1
$1,228,051,000,000. 2
(B) Outlays, $1,218,203,000,000. 3
Fiscal year 2033: 4
(A) New budget authority, 5
$1,278,134,000,000. 6
(B) Outlays, $1,267,299,000,000. 7
Fiscal year 2034: 8
(A) New budget authority, 9
$1,311,280,000,000. 10
(B) Outlays, $1,300,233,000,000. 11
(12) Medicare (570): 12
Fiscal year 2025: 13
(A) New budget authority, 14
$950,891,000,000. 15
(B) Outlays, $950,641,000,000. 16
Fiscal year 2026: 17
(A) New budget authority, 18
$1,007,431,000,000. 19
(B) Outlays, $1,009,161,000,000. 20
Fiscal year 2027: 21
(A) New budget authority, 22
$1,067,229,000,000. 23
(B) Outlays, $1,066,832,000,000. 24
Fiscal year 2028: 25 26
•HCON 14 EH
(A) New budget authority, 1
$1,210,420,000,000. 2
(B) Outlays, $1,208,952,000,000. 3
Fiscal year 2029: 4
(A) New budget authority, 5
$1,126,357,000,000. 6
(B) Outlays, $1,125,928,000,000. 7
Fiscal year 2030: 8
(A) New budget authority, 9
$1,276,602,000,000. 10
(B) Outlays, $1,276,291,000,000. 11
Fiscal year 2031: 12
(A) New budget authority, 13
$1,358,554,000,000. 14
(B) Outlays, $1,358,476,000,000. 15
Fiscal year 2032: 16
(A) New budget authority, 17
$1,445,982,000,000. 18
(B) Outlays, $1,445,966,000,000. 19
Fiscal year 2033: 20
(A) New budget authority, 21
$1,664,590,000,000. 22
(B) Outlays, $1,664,595,000,000. 23
Fiscal year 2034: 24 27
•HCON 14 EH
(A) New budget authority, 1
$1,667,328,000,000. 2
(B) Outlays, $1,667,321,000,000. 3
(13) Income Security (600): 4
Fiscal year 2025: 5
(A) New budget authority, 6
$712,446,000,000. 7
(B) Outlays, $709,132,000,000. 8
Fiscal year 2026: 9
(A) New budget authority, 10
$702,007,000,000. 11
(B) Outlays, $699,086,000,000. 12
Fiscal year 2027: 13
(A) New budget authority, 14
$703,592,000,000. 15
(B) Outlays, $698,238,000,000. 16
Fiscal year 2028: 17
(A) New budget authority, 18
$722,280,000,000. 19
(B) Outlays, $721,948,000,000. 20
Fiscal year 2029: 21
(A) New budget authority, 22
$724,420,000,000. 23
(B) Outlays, $710,279,000,000. 24
Fiscal year 2030: 25 28
•HCON 14 EH
(A) New budget authority, 1
$743,824,000,000. 2
(B) Outlays, $735,068,000,000. 3
Fiscal year 2031: 4
(A) New budget authority, 5
$757,021,000,000. 6
(B) Outlays, $747,723,000,000. 7
Fiscal year 2032: 8
(A) New budget authority, 9
$775,456,000,000. 10
(B) Outlays, $765,416,000,000. 11
Fiscal year 2033: 12
(A) New budget authority, 13
$796,775,000,000. 14
(B) Outlays, $793,408,000,000. 15
Fiscal year 2034: 16
(A) New budget authority, 17
$805,597,000,000. 18
(B) Outlays, $795,238,000,000. 19
(14) Social Security (650): 20
Fiscal year 2025: 21
(A) New budget authority, 22
$67,259,000,000. 23
(B) Outlays, $67,259,000,000. 24
Fiscal year 2026: 25 29
•HCON 14 EH
(A) New budget authority, 1
$81,690,000,000. 2
(B) Outlays, $81,690,000,000. 3
Fiscal year 2027: 4
(A) New budget authority, 5
$89,447,000,000. 6
(B) Outlays, $89,447,000,000. 7
Fiscal year 2028: 8
(A) New budget authority, 9
$94,419,000,000. 10
(B) Outlays, $94,419,000,000. 11
Fiscal year 2029: 12
(A) New budget authority, 13
$100,138,000,000. 14
(B) Outlays, $100,138,000,000. 15
Fiscal year 2030: 16
(A) New budget authority, 17
$106,208,000,000. 18
(B) Outlays, $106,208,000,000. 19
Fiscal year 2031: 20
(A) New budget authority, 21
$112,114,000,000. 22
(B) Outlays, $112,114,000,000. 23
Fiscal year 2032: 24 30
•HCON 14 EH
(A) New budget authority, 1
$118,485,000,000. 2
(B) Outlays, $118,485,000,000. 3
Fiscal year 2033: 4
(A) New budget authority, 5
$125,325,000,000. 6
(B) Outlays, $125,325,000,000. 7
Fiscal year 2034: 8
(A) New budget authority, 9
$132,539,000,000. 10
(B) Outlays, $132,539,000,000. 11
(15) Veterans Benefits and Services (700): 12
Fiscal year 2025: 13
(A) New budget authority, 14
$361,349,000,000. 15
(B) Outlays, $357,760,000,000. 16
Fiscal year 2026: 17
(A) New budget authority, 18
$382,625,000,000. 19
(B) Outlays, $378,862,000,000. 20
Fiscal year 2027: 21
(A) New budget authority, 22
$404,665,000,000. 23
(B) Outlays, $401,379,000,000. 24
Fiscal year 2028: 25 31
•HCON 14 EH
(A) New budget authority, 1
$427,402,000,000. 2
(B) Outlays, $444,309,000,000. 3
Fiscal year 2029: 4
(A) New budget authority, 5
$447,832,000,000. 6
(B) Outlays, $422,387,000,000. 7
Fiscal year 2030: 8
(A) New budget authority, 9
$466,693,000,000. 10
(B) Outlays, $461,795,000,000. 11
Fiscal year 2031: 12
(A) New budget authority, 13
$486,796,000,000. 14
(B) Outlays, $481,715,000,000. 15
Fiscal year 2032: 16
(A) New budget authority, 17
$507,269,000,000. 18
(B) Outlays, $502,734,000,000. 19
Fiscal year 2033: 20
(A) New budget authority, 21
$528,816,000,000. 22
(B) Outlays, $548,814,000,000. 23
Fiscal year 2034: 24 32
•HCON 14 EH
(A) New budget authority, 1
$550,747,000,000. 2
(B) Outlays, $547,878,000,000. 3
(16) Administration of Justice (750): 4
Fiscal year 2025: 5
(A) New budget authority, 6
$83,111,000,000. 7
(B) Outlays, $85,235,000,000. 8
Fiscal year 2026: 9
(A) New budget authority, 10
$90,002,000,000. 11
(B) Outlays, $87,682,000,000. 12
Fiscal year 2027: 13
(A) New budget authority, 14
$89,047,000,000. 15
(B) Outlays, $87,256,000,000. 16
Fiscal year 2028: 17
(A) New budget authority, 18
$91,066,000,000. 19
(B) Outlays, $89,499,000,000. 20
Fiscal year 2029: 21
(A) New budget authority, 22
$93,553,000,000. 23
(B) Outlays, $91,849,000,000. 24
Fiscal year 2030: 25 33
•HCON 14 EH
(A) New budget authority, 1
$96,019,000,000. 2
(B) Outlays, $94,292,000,000. 3
Fiscal year 2031: 4
(A) New budget authority, 5
$98,328,000,000. 6
(B) Outlays, $96,277,000,000. 7
Fiscal year 2032: 8
(A) New budget authority, 9
$105,979,000,000. 10
(B) Outlays, $103,293,000,000. 11
Fiscal year 2033: 12
(A) New budget authority, 13
$108,710,000,000. 14
(B) Outlays, $105,827,000,000. 15
Fiscal year 2034: 16
(A) New budget authority, 17
$111,020,000,000. 18
(B) Outlays, $108,460,000,000. 19
(17) General Government (800): 20
Fiscal year 2025: 21
(A) New budget authority, 22
$10,089,000,000. 23
(B) Outlays, $37,960,000,000. 24
Fiscal year 2026: 25 34
•HCON 14 EH
(A) New budget authority, 1
$30,678,000,000. 2
(B) Outlays, $38,289,000,000. 3
Fiscal year 2027: 4
(A) New budget authority, 5
$32,078,000,000. 6
(B) Outlays, $38,267,000,000. 7
Fiscal year 2028: 8
(A) New budget authority, 9
$33,007,000,000. 10
(B) Outlays, $37,965,000,000. 11
Fiscal year 2029: 12
(A) New budget authority, 13
$33,784,000,000. 14
(B) Outlays, $37,804,000,000. 15
Fiscal year 2030: 16
(A) New budget authority, 17
$34,628,000,000. 18
(B) Outlays, $37,998,000,000. 19
Fiscal year 2031: 20
(A) New budget authority, 21
$35,261,000,000. 22
(B) Outlays, $37,038,000,000. 23
Fiscal year 2032: 24 35
•HCON 14 EH
(A) New budget authority, 1
$36,204,000,000. 2
(B) Outlays, $36,321,000,000. 3
Fiscal year 2033: 4
(A) New budget authority, 5
$36,975,000,000. 6
(B) Outlays, $36,772,000,000. 7
Fiscal year 2034: 8
(A) New budget authority, 9
$37,697,000,000. 10
(B) Outlays, $37,281,000,000. 11
(18) Net Interest (900): 12
Fiscal year 2025: 13
(A) New budget authority, 14
$1,027,694,000,000. 15
(B) Outlays, $1,027,694,000,000. 16
Fiscal year 2026: 17
(A) New budget authority, 18
$1,090,880,000,000. 19
(B) Outlays, $1,090,880,000,000. 20
Fiscal year 2027: 21
(A) New budget authority, 22
$1,160,719,000,000. 23
(B) Outlays, $1,160,719,000,000. 24
Fiscal year 2028: 25 36
•HCON 14 EH
(A) New budget authority, 1
$1,250,257,000,000. 2
(B) Outlays, $1,250,257,000,000. 3
Fiscal year 2029: 4
(A) New budget authority, 5
$1,328,362,000,000. 6
(B) Outlays, $1,328,362,000,000. 7
Fiscal year 2030: 8
(A) New budget authority, 9
$1,399,636,000,000. 10
(B) Outlays, $1,399,636,000,000. 11
Fiscal year 2031: 12
(A) New budget authority, 13
$1,475,634,000,000. 14
(B) Outlays, $1,475,634,000,000. 15
Fiscal year 2032: 16
(A) New budget authority, 17
$1,551,786,000,000. 18
(B) Outlays, $1,551,786,000,000. 19
Fiscal year 2033: 20
(A) New budget authority, 21
$1,619,496,000,000. 22
(B) Outlays, $1,619,496,000,000. 23
Fiscal year 2034: 24 37
•HCON 14 EH
(A) New budget authority, 1
$1,693,863,000,000. 2
(B) Outlays, $1,693,863,000,000. 3
(19) Allowances (920): 4
Fiscal year 2025: 5
(A) New budget authority, $0. 6
(B) Outlays, $0. 7
Fiscal year 2026: 8
(A) New budget authority, $0. 9
(B) Outlays, $0. 10
Fiscal year 2027: 11
(A) New budget authority, $0. 12
(B) Outlays, $0. 13
Fiscal year 2028: 14
(A) New budget authority, $0. 15
(B) Outlays, $0. 16
Fiscal year 2029: 17
(A) New budget authority, $0. 18
(B) Outlays, $0. 19
Fiscal year 2030: 20
(A) New budget authority, $0. 21
(B) Outlays, $0. 22
Fiscal year 2031: 23
(A) New budget authority, $0. 24
(B) Outlays, $0. 25 38
•HCON 14 EH
Fiscal year 2032: 1
(A) New budget authority, $0. 2
(B) Outlays, $0. 3
Fiscal year 2033: 4
(A) New budget authority, $0. 5
(B) Outlays, $0. 6
Fiscal year 2034: 7
(A) New budget authority, $0. 8
(B) Outlays, $0. 9
(20) Government-Wide Savings (930): 10
Fiscal year 2025: 11
(A) New budget authority, 12
-$120,000,000,000. 13
(B) Outlays, -$120,000,000,000. 14
Fiscal year 2026: 15
(A) New budget authority, 16
-$299,849,000,000. 17
(B) Outlays, -$179,763,000,000. 18
Fiscal year 2027: 19
(A) New budget authority, 20
-$375,694,000,000. 21
(B) Outlays, -$231,910,000,000. 22
Fiscal year 2028: 23
(A) New budget authority, 24
-$384,958,000,000. 25 39
•HCON 14 EH
(B) Outlays, -$263,939,000,000. 1
Fiscal year 2029: 2
(A) New budget authority, 3
-$393,736,000,000. 4
(B) Outlays, -$296,185,000,000. 5
Fiscal year 2030: 6
(A) New budget authority, 7
-$407,056,000,000. 8
(B) Outlays, -$330,476,000,000. 9
Fiscal year 2031: 10
(A) New budget authority, 11
-$419,698,000,000. 12
(B) Outlays, -$357,567,000,000. 13
Fiscal year 2032: 14
(A) New budget authority, 15
-$431,652,000,000. 16
(B) Outlays, -$381,290,000,000. 17
Fiscal year 2033: 18
(A) New budget authority, 19
-$445,094,000,000. 20
(B) Outlays, -$402,008,000,000. 21
Fiscal year 2034: 22
(A) New budget authority, 23
-$460,001,000,000. 24
(B) Outlays, -$420,590,000,000. 25 40
•HCON 14 EH
(21) Undistributed Offsetting Receipts (950): 1
Fiscal year 2025: 2
(A) New budget authority, 3
-$127,603,000,000. 4
(B) Outlays, -$127,603,000,000. 5
Fiscal year 2026: 6
(A) New budget authority, 7
-$135,110,000,000. 8
(B) Outlays, -$135,110,000,000. 9
Fiscal year 2027: 10
(A) New budget authority, 11
-$137,883,000,000. 12
(B) Outlays, -$137,883,000,000. 13
Fiscal year 2028: 14
(A) New budget authority, 15
-$141,145,000,000. 16
(B) Outlays, -$141,165,000,000. 17
Fiscal year 2029: 18
(A) New budget authority, 19
-$145,400,000,000. 20
(B) Outlays, -$145,407,000,000. 21
Fiscal year 2030: 22
(A) New budget authority, 23
-$149,582,000,000. 24
(B) Outlays, -$149,581,000,000. 25 41
•HCON 14 EH
Fiscal year 2031: 1
(A) New budget authority, 2
-$154,014,000,000. 3
(B) Outlays, -$154,013,000,000. 4
Fiscal year 2032: 5
(A) New budget authority, 6
-$160,114,000,000. 7
(B) Outlays, -$160,113,000,000. 8
Fiscal year 2033: 9
(A) New budget authority, 10
-$166,102,000,000. 11
(B) Outlays, -$166,101,000,000. 12
Fiscal year 2034: 13
(A) New budget authority, 14
-$171,015,000,000. 15
(B) Outlays,-$171,014,000,000. 16
(22) Across-the-Board Adjustment (990): 17
Fiscal year 2025: 18
(A) New budget authority, 19
-$4,000,000. 20
(B) Outlays, $0. 21
Fiscal year 2026: 22
(A) New budget authority, 23
-$4,000,000. 24
(B) Outlays, $0. 25 42
•HCON 14 EH
Fiscal year 2027: 1
(A) New budget authority, 2
-$4,000,000. 3
(B) Outlays, $0. 4
Fiscal year 2028: 5
(A) New budget authority, 6
-$4,000,000. 7
(B) Outlays, $0. 8
Fiscal year 2029: 9
(A) New budget authority, 10
-$4,000,000. 11
(B) Outlays, $0. 12
Fiscal year 2030: 13
(A) New budget authority, 14
-$4,000,000. 15
(B) Outlays, $0. 16
Fiscal year 2031: 17
(A) New budget authority, 18
-$4,000,000. 19
(B) Outlays, $0. 20
Fiscal year 2032: 21
(A) New budget authority, 22
-$4,000,000. 23
(B) Outlays, $0. 24
Fiscal year 2033: 25 43
•HCON 14 EH
(A) New budget authority, 1
-$5,000,000. 2
(B) Outlays, $0. 3
Fiscal year 2034: 4
(A) New budget authority, 5
-$5,000,000. 6
(B) Outlays, $0. 7
TITLE II—RECONCILIATION AND 8
RELATED MATTERS 9
SEC. 2001. RECONCILIATION IN THE HOUSE OF REP-10
RESENTATIVES. 11
(a) S
UBMISSIONS.—Not later than March 27, 2025, 12
the committees named in subsection (b) and subsection 13
(c) shall submit their recommendations on changes in laws 14
within their jurisdictions to the Committee on the Budget 15
of the House of Representatives to carry out this section. 16
(b) I
NSTRUCTIONS.— 17
(1) C
OMMITTEE ON AGRICULTURE .—The Com-18
mittee on Agriculture shall submit changes in laws 19
within its jurisdiction to reduce the deficit by not 20
less than $230,000,000,000 for the period of fiscal 21
years 2025 through 2034. 22
(2) C
OMMITTEE ON ARMED SERVICES .—The 23
Committee on Armed Services shall submit changes 24
in laws within its jurisdiction that increase the def-25 44
•HCON 14 EH
icit by not more than $100,000,000,000 for the pe-1
riod of fiscal years 2025 through 2034. 2
(3) C
OMMITTEE ON EDUCATION AND WORK -3
FORCE.—The Committee on Education and Work-4
force shall submit changes in laws within its juris-5
diction to reduce the deficit by not less than 6
$330,000,000,000 for the period of fiscal years 2025 7
through 2034. 8
(4) C
OMMITTEE ON ENERGY AND COMMERCE .— 9
The Committee on Energy and Commerce shall sub-10
mit changes in laws within its jurisdiction to reduce 11
the deficit by not less than $880,000,000,000 for 12
the period of fiscal years 2025 through 2034. 13
(5) C
OMMITTEE ON FINANCIAL SERVICES .—The 14
Committee on Financial Services shall submit 15
changes in laws within its jurisdiction to reduce the 16
deficit by not less than $1,000,000,000 for the pe-17
riod of fiscal years 2025 through 2034. 18
(6) C
OMMITTEE ON HOMELAND SECURITY .— 19
The Committee on Homeland Security shall submit 20
changes in laws within its jurisdiction that increase 21
the deficit by not more than $90,000,000,000 for 22
the period of fiscal years 2025 through 2034. 23
(7) C
OMMITTEE ON THE JUDICIARY .—The 24
Committee on the Judiciary shall submit changes in 25 45
•HCON 14 EH
laws within its jurisdiction that increase the deficit 1
by not more than $110,000,000,000 for the period 2
of fiscal years 2025 through 2034. 3
(8) C
OMMITTEE ON NATURAL RESOURCES .— 4
The Committee on Natural Resources shall submit 5
changes in laws within its jurisdiction to reduce the 6
deficit by not less than $1,000,000,000 for the pe-7
riod of fiscal years 2025 through 2034. 8
(9) C
OMMITTEE ON OVERSIGHT AND GOVERN -9
MENT REFORM.—The Committee on Oversight and 10
Government Reform shall submit changes in laws 11
within its jurisdiction to reduce the deficit by not 12
less than $50,000,000,000 for the period of fiscal 13
years 2025 through 2034. 14
(10) C
OMMITTEE ON TRANSPORTATION AND IN -15
FRASTRUCTURE.—The Committee on Transportation 16
and Infrastructure shall submit changes in laws 17
within its jurisdiction to reduce the deficit by not 18
less than $10,000,000,000 for the period of fiscal 19
years 2025 through 2034. 20
(11) C
OMMITTEE ON WAYS AND MEANS .—The 21
Committee on Ways and Means shall submit 22
changes in laws within its jurisdiction that increase 23
the deficit by not more than $4,500,000,000,000 for 24
the period of fiscal years 2025 through 2034. 25 46
•HCON 14 EH
(c) INCREASE INSTATUTORYDEBTLIMIT.—The 1
Committee on Ways and Means shall submit changes in 2
laws within its jurisdiction that increase the statutory debt 3
limit by $4,000,000,000,000. 4
TITLE III—RESERVE FUND AND 5
DEFICIT REDUCTION ADJUST-6
MENT 7
SEC. 3001. RESERVE FUND FOR RECONCILIATION LEGISLA-8
TION IN THE HOUSE OF REPRESENTATIVES. 9
(a) I
NGENERAL.—In the House of Representatives, 10
the chair of the Committee on the Budget may revise the 11
allocations of a committee or committees, aggregates, and 12
other appropriate levels in this resolution for any bill or 13
joint resolution considered pursuant to section 2001 con-14
taining the recommendations of one or more committees, 15
or for one or more amendments to, a conference report 16
on, or an amendment between the Houses in relation to 17
such a bill or joint resolution, by the amounts necessary 18
to accommodate the budgetary effects of the legislation, 19
if the budgetary effects of the legislation comply with the 20
reconciliation instructions under this concurrent resolu-21
tion. 22
(b) D
ETERMINATION OF COMPLIANCE.—For pur-23
poses of this section, compliance with the reconciliation 24
instructions under this concurrent resolution shall be de-25 47
•HCON 14 EH
termined by the chair of the Committee on the Budget 1
of the House of Representatives. 2
SEC. 3002. ADJUSTMENT FOR SPENDING CUTS OF AT LEAST 3
$2 TRILLION. 4
(a) A
DJUSTMENT IF DEFICITREDUCTIONTARGET 5
N
OTACHIEVED.—If one or more committees of the House 6
of Representatives submit reconciliation recommendations 7
pursuant to paragraphs (1), (3), (4), (5), (8), (9), or (10) 8
of section 2001(b) and such recommendations do not, in 9
total, achieve at least $2,000,000,000,000 in net deficit 10
reduction over the period of fiscal years 2025 through 11
2034, the chair of the Committee on the Budget of the 12
House shall reduce— 13
(1) the $4,500,000,000,000 reconciliation in-14
struction for the Committee on Ways and Means 15
under section 2001(b)(11); 16
(2) the allocations to the Committee on Ways 17
and Means under section 302(a) of the Congres-18
sional Budget and Impoundment Control Act of 19
1974 (2 U.S.C. 633(a)); 20
(3) the aggregates of budget authority, outlays, 21
and revenues; and 22
(4) any other appropriate level in this concur-23
rent resolution, 24 48
•HCON 14 EH
by an amount equal to the difference between 1
$2,000,000,000,000 and the total dollar amount of such 2
recommendations. 3
(b) A
DJUSTMENT IF DEFICITREDUCTIONTARGET 4
E
XCEEDED.—If one or more committees of the House of 5
Representatives submit reconciliation recommendations 6
pursuant to paragraphs (1), (3), (4), (5), (8), (9), or (10) 7
of section 2001(b) and such recommendations, in total, 8
achieve at least $2,000,000,000,000 in net deficit reduc-9
tion over the period of fiscal years 2025 through 2034, 10
the chair of the Committee on the Budget of the House 11
shall increase the levels described in paragraphs (1) 12
through (4) of subsection (a) by an amount equal to the 13
difference between the total dollar amount of such rec-14
ommendations and $2,000,000,000,000. 15
(c) C
ERTIFICATIONREQUIRED FORADJUSTMENT.— 16
No adjustment may be made under subsection (a) or sub-17
section (b) unless the chair of the Committee on the Budg-18
et of the House, using cost estimates provided by the Con-19
gressional Budget Office and the Joint Committee on Tax-20
ation (as appropriate), certifies in writing that the applica-21
ble reconciliation recommendations— 22
(1) with respect to subsection (a), do not 23
achieve net deficit reduction of at least 24 49
•HCON 14 EH
$2,000,000,000,000 over the period of fiscal years 1
2025 through 2034; or 2
(2) with respect to subsection (b), achieve net 3
deficit reduction of at least $2,000,000,000,000 over 4
the period of such fiscal years. 5
(d) R
ECONCILIATIONINSTRUCTION FOR WAYS AND 6
M
EANS.—The dollar amount resulting from any adjust-7
ment made under this section to the reconciliation instruc-8
tion for the Committee on Ways and Means under para-9
graph (11) of section 2001(b) shall be substituted for 10
‘‘$4,500,000,000,000’’ in such section and shall be 11
deemed the reconciliation instructions for such Committee 12
under such section. Any recommendations on changes in 13
law within the jurisdiction of the Committee shall be con-14
sistent with the goals of this concurrent resolution, includ-15
ing with respect to spending reduction, tax policy changes, 16
reforms, or other measures deemed appropriate by the 17
chair of the Committee on the Budget of the House. 18
(e) C
ONSISTENCYWITH THERESOLUTION.—Any 19
reconciliation recommendations receiving an allocation ad-20
justment under this section shall not be considered in vio-21
lation of the budgetary levels established by this concur-22
rent resolution. 23 50
•HCON 14 EH
TITLE IV—POLICY STATEMENTS 1
SEC. 4001. POLICY STATEMENT ON ECONOMIC GROWTH. 2
(a) F
INDINGS.—The House finds the following: 3
(1) The rate of economic growth has a signifi-4
cant impact on budget deficits. When the rate of 5
gross domestic product (GDP) increases, projected 6
revenue grows with it and deficits decline. Con-7
versely, slower GDP growth can lead to lagging reve-8
nues and mounting deficits. 9
(2) Federal policies affect the economy’s poten-10
tial to grow and impact economic performance, influ-11
encing budgetary outcomes. Consequently, fiscally 12
responsible policies that improve the economy’s long- 13
term growth prospects help reduce the size of budget 14
deficits over a given period. 15
(3) The free market, where individuals pursue 16
their own self-interests, has been responsible for 17
greater advancements in quality of life and genera-18
tion of wealth than any other form of economic sys-19
tem. Federal policies designed to grow the economy 20
should thus allow market forces to operate 21
unhindered rather than pick ‘‘winners’’ and ‘‘losers’’. 22
(b) P
OLICY ONECONOMICGROWTH.—It is the policy 23
of this concurrent resolution to pursue policies that em-24 51
•HCON 14 EH
brace the free market and promote economic growth poli-1
cies that— 2
(1) reduce Federal spending; 3
(2) expand American energy production; 4
(3) lower taxes that discourage work, savings, 5
and investment; 6
(4) deregulate the economy and enact reforms 7
to diminish bureaucratic red tape; and 8
(5) eliminate barriers to work so more Ameri-9
cans enter (or reenter) the job market. 10
SEC. 4002. POLICY STATEMENT ON MANDATORY SPENDING 11
REDUCTION. 12
(a) F
INDINGS.—The House finds the following: 13
(1) The United States faces a significant debt 14
crisis, with the national debt currently exceeding 15
$36 trillion, or 123 percent of GDP. 16
(2) Since 2019, mandatory spending has in-17
creased by 59 percent. 18
(3) This debt poses a significant risk to the 19
country’s long-term fiscal sustainability, with impli-20
cations for future generations. 21
(4) Mandatory spending currently accounts for 22
over 70 percent of the entire Federal budget. 23
(5) The deficit for fiscal year 2025 is projected 24
to be $1.9 trillion, or 6.2 percent of GDP. 25 52
•HCON 14 EH
(6) This fiscal year, net interest will total $952 1
billion, or 3.2 percent of GDP. 2
(b) P
OLICY ONMANDATORYSPENDINGREDUC-3
TION.—It is the goal of this concurrent resolution to re-4
duce mandatory spending by $2 trillion over the budget 5
window. If the combined deficit reduction provided by au-6
thorizing committees is below this target, it is the policy 7
of the Committee on the Budget of the House that the 8
instruction provided to the Committee on Ways and Means 9
of the House should be reduced by a commensurate 10
amount to offset the difference. 11
SEC. 4003. POLICY STATEMENT ON GOVERNMENT DEREGU-12
LATION. 13
(a) F
INDINGS.—The House finds the following: 14
(1) Regulations throughout the Federal Govern-15
ment have been a major issue for decades, continu-16
ously growing while negatively impacting the na-17
tion’s economic and fiscal standing. 18
(2) Overregulation has consistently hurt small 19
businesses, strangled domestic energy production, 20
weakened labor market conditions, and expanded 21
government overreach and costs on taxpayers. 22
(3) Real (inflation-adjusted) spending on regu-23
latory agencies has increased exponentially since 24
1960. The total number of pages in the Code of 25 53
•HCON 14 EH
Federal Regulations (CFR) has increased from 1
22,877 pages in 1960 to nearly 200,000 today. 2
When compared to 1950, the CFR contained only 3
9,745 pages in 1950, making the size of the CFR 4
today 95% larger than it was in 1950. 5
(b) P
OLICYSTATEMENT ONGOVERNMENTDEREGU-6
LATION.—It is the policy of this concurrent resolution— 7
(1) that Congress continues to examine ways to 8
relieve the burdens of overregulation throughout the 9
Federal Government; 10
(2) that Congress is ready to promote initiatives 11
that will reduce government bureaucracy, enhance 12
Federalism, and increase economic prosperity 13
through deregulation; 14
(3) to not only reduce burdensome, costly regu-15
lations, but to also reassert the role of Congress; and 16
(4) to enact legislation through reconciliation 17
that strengthens Congress, scales back Federal regu-18
lations, limits future bureaucratic red tape, and 19
unleashes economic growth, such as the Regulations 20
from the Executive in Need of Scrutiny (REINS) 21
Act. 22 54
•HCON 14 EH
TITLE V—OTHER MATTERS 1
SEC. 5001. ENFORCEMENT FILING IN THE HOUSE OF REP-2
RESENTATIVES. 3
In the House of Representatives, if a concurrent reso-4
lution on the budget for fiscal year 2025 is adopted with-5
out the appointment of a committee of conference on the 6
disagreeing votes of the two Houses with respect to this 7
concurrent resolution on the budget, for the purpose of 8
enforcing the Congressional Budget Act of 1974 (2 U.S.C. 9
621 et seq.) and applicable rules and requirements set 10
forth in the concurrent resolution on the budget, the allo-11
cations provided for in this section shall apply in the 12
House of Representatives in the same manner as if such 13
allocations were in a joint explanatory statement accom-14
panying a conference report on the budget for fiscal year 15
2025. The chair of the Committee on the Budget of the 16
House of Representatives shall submit a statement for 17
publication in the Congressional Record containing— 18
(1) for the Committee on Appropriations, com-19
mittee allocations for fiscal year 2025 consistent 20
with title I for the purpose of enforcing section 302 21
of the Congressional Budget Act of 1974 (2 U.S.C. 22
633); and 23
(2) for all committees other than the Com-24
mittee on Appropriations, committee allocations con-25 55
•HCON 14 EH
sistent with title I for fiscal year 2025 and for the 1
period of fiscal years 2025 through 2034 for the 2
purpose of enforcing section 302 of the Congres-3
sional Budget Act of 1974 (2 U.S.C. 633). 4
SEC. 5002. BUDGETARY TREATMENT OF ADMINISTRATIVE 5
EXPENSES IN THE HOUSE OF REPRESENTA-6
TIVES. 7
(a) I
NGENERAL.—In the House of Representatives, 8
notwithstanding section 302(a)(1) of the Congressional 9
Budget Act of 1974 (2 U.S.C. 633(a)(1)), section 13301 10
of the Budget Enforcement Act of 1990 (2 U.S.C. 632 11
note), and section 2009a of title 39, United States Code, 12
the report or the joint explanatory statement accom-13
panying this concurrent resolution on the budget or the 14
statement filed pursuant to section 5001, as applicable, 15
shall include in an allocation under section 302(a) of the 16
Congressional Budget Act of 1974 (2 U.S.C. 633(a)) to 17
the Committee on Appropriations of the House of Rep-18
resentatives amounts for the discretionary administrative 19
expenses of the Social Security Administration and the 20
United States Postal Service. 21
(b) S
PECIALRULE.—In the House of Representa-22
tives, for purposes of enforcing section 302(f) of the Con-23
gressional Budget Act of 1974 (2 U.S.C. 633(f)), esti-24
mates of the level of total new budget authority and total 25 56
•HCON 14 EH
outlays provided by a measure shall include any discre-1
tionary amounts described in subsection (a). 2
SEC. 5003. APPLICATION AND EFFECT OF CHANGES IN AL-3
LOCATIONS, AGGREGATES, AND OTHER 4
BUDGETARY LEVELS. 5
(a) A
PPLICATION.—Any adjustments of allocations, 6
aggregates, and other budgetary levels made pursuant to 7
this concurrent resolution shall— 8
(1) apply while that measure is under consider-9
ation; 10
(2) take effect upon the enactment of that 11
measure; and 12
(3) be published in the Congressional Record as 13
soon as practicable. 14
(b) E
FFECT OFCHANGEDALLOCATIONS, AGGRE-15
GATES, ANDOTHERBUDGETARYLEVELS.—Revised allo-16
cations, aggregates, and other budgetary levels resulting 17
from these adjustments shall be considered for the pur-18
poses of the Congressional Budget Act of 1974 (2 U.S.C. 19
621 et seq.) as the allocations, aggregates, and other 20
budgetary levels contained in this concurrent resolution. 21
(c) B
UDGETCOMMITTEEDETERMINATIONS.—For 22
purposes of this concurrent resolution, the levels of new 23
budget authority, outlays, direct spending, new entitle-24
ment authority, revenues, deficits, and surpluses for a fis-25 57
•HCON 14 EH
cal year or period of fiscal years shall be determined on 1
the basis of estimates made by the chair of the Committee 2
on the Budget of the applicable House of Congress. 3
(d) A
GGREGATES, ALLOCATIONS AND APPLICA-4
TION.—In the House of Representatives, for purposes of 5
this concurrent resolution and budget enforcement, the 6
consideration of any bill or joint resolution, or amendment 7
thereto or conference report thereon, for which the chair 8
of the Committee on the Budget makes adjustments or 9
revisions in the allocations, aggregates, and other budg-10
etary levels of this concurrent resolution shall not be sub-11
ject to the point of order set forth in clause 10 of rule 12
XXI of the Rules of the House of Representatives. 13
SEC. 5004. ADJUSTMENTS TO REFLECT CHANGES IN CON-14
CEPTS AND DEFINITIONS IN THE HOUSE OF 15
REPRESENTATIVES. 16
In the House of Representatives, the chair of the 17
Committee on the Budget may adjust the appropriate ag-18
gregates, allocations, and other budgetary levels in this 19
concurrent resolution for any change in budgetary con-20
cepts and definitions consistent with section 251(b)(1) of 21
the Balanced Budget and Emergency Deficit Control Act 22
of 1985 (2 U.S.C. 901(b)(1)). 23 58
•HCON 14 EH
SEC. 5005. ADJUSTMENT FOR CHANGES IN THE BASELINE. 1
In the House of Representatives, the chair of the 2
Committee on the Budget may adjust the allocations, ag-3
gregates, and other appropriate budgetary levels in this 4
concurrent resolution to reflect changes resulting from the 5
Congressional Budget Office’s updates to its baseline for 6
fiscal years 2025 through 2034. 7
SEC. 5006. EXERCISE OF RULEMAKING POWERS. 8
Congress adopts the provisions of this title— 9
(1) as an exercise of the rulemaking power of 10
the Senate and the House of Representatives, re-11
spectively, and as such they shall be considered as 12
part of the rules of each House or of that House to 13
which they specifically apply, and such rules shall 14
supersede other rules only to the extent that they 15
are inconsistent with such other rules; and 16
(2) with full recognition of the constitutional 17
right of either the Senate or the House of Rep-18
resentatives to change those rules (insofar as they 19
relate to that House) at any time, in the same man-20
ner, and to the same extent as is the case of any 21 59
•HCON 14 EH
other rule of the Senate or House of Representa-1
tives. 2
Passed the House of Representatives February 25,
2025.
Attest:
Clerk. 119
TH
CONGRESS
1
ST
S
ESSION
H. CON. RES. 14
CONCURRENT RESOLUTION
Establishing the congressional budget for the
United States Government for fiscal year 2025
and setting forth the appropriate budgetary lev-
els for fiscal years 2026 through 2034.