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Us Congress House Bill HCR14

Us Congress 2025-2026 Regular Session

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1-In the Senate of the United States,
2-April 5 (legislative day, April 4), 2025.
3-Resolved, That the resolution from the House of Rep-
4-resentatives (H. Con. Res. 14) entitled ‘‘Concurrent resolu-
5-tion establishing the congressional budget for the United
6-States Government for fiscal year 2025 and setting forth the
7-appropriate budgetary levels for fiscal years 2026 through
8-2034.’’, do pass with the following
9-AMENDMENT:
10-Strike all after the resolving clause and insert the
11-following:
12-SECTION 1. CONCURRENT RESOLUTION ON THE BUDGET 1
13-FOR FISCAL YEAR 2025. 2
1+III
2+Calendar No. 38
3+119THCONGRESS
4+1
5+STSESSION H. CON. RES. 14
6+IN THE SENATE OF THE UNITED STATES
7+APRIL2, 2025
8+Received; read twice and placed on the calendar
9+CONCURRENT RESOLUTION
10+Establishing the congressional budget for the United States
11+Government for fiscal year 2025 and setting forth the
12+appropriate budgetary levels for fiscal years 2026
13+through 2034.
14+Resolved by the House of Representatives (the Senate 1
15+concurring), 2
16+SECTION 1. CONCURRENT RESOLUTION ON THE BUDGET 3
17+FOR FISCAL YEAR 2025. 4
1418 (a) D
15-ECLARATION.—Congress declares that this resolu-3
16-tion is the concurrent resolution on the budget for fiscal 4
17-year 2025 and that this resolution sets forth the appropriate 5
18-budgetary levels for fiscal years 2026 through 2034. 6
19-(b) T
20-ABLE OFCONTENTS.—The table of contents for 7
21-this concurrent resolution is as follows: 8
22-Sec. 1. Concurrent resolution on the budget for fiscal year 2025. 2
23-†HCON 14 EAS
19+ECLARATION.—The Congress determines and 5
20+declares that prior concurrent resolutions on the budget 6
21+are replaced as of fiscal year 2025 and that this concur-7
22+rent resolution establishes the budget for fiscal year 2025 8
23+and sets forth the appropriate budgetary levels for fiscal 9
24+years 2026 through 2034. 10
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28+(b) TABLE OFCONTENTS.—The table of contents for 1
29+this concurrent resolution is as follows: 2
30+Sec. 1. Concurrent resolution on the budget for fiscal year 2025.
2431 TITLE I—RECOMMENDED LEVELS AND AMOUNTS
25-Subtitle A—Budgetary Levels in Both Houses
26-Sec. 1101. Recommended levels and amounts.
27-Sec. 1102. Major functional categories.
28-Subtitle B—Levels and Amounts in the Senate
29-Sec. 1201. Social Security in the Senate.
30-Sec. 1202. Postal Service discretionary administrative expenses in the Senate.
31-TITLE II—RECONCILIATION
32+Sec. 1001. Recommended levels and amounts.
33+Sec. 1002. Major functional categories.
34+TITLE II—RECONCILIATION AND RELATED MATTERS
3235 Sec. 2001. Reconciliation in the House of Representatives.
33-Sec. 2002. Reconciliation in the Senate.
34-TITLE III—RESERVE FUNDS
35-Sec. 3001. Reserve fund for reconciliation legislation.
36-Sec. 3002. Deficit-neutral reserve fund relating to government deregulation.
37-Sec. 3003. Spending reduction reserve fund to save more than $2,000,000,000,000.
38-Sec. 3004. Spending-neutral reserve fund related to current tax policy baseline.
39-Sec. 3005. Deficit-neutral reserve fund relating to protecting Medicare and Med-
40-icaid.
41-TITLE IV—OTHER MATTERS
42-Sec. 4001. Adjustment for spending cuts of at least $2 trillion.
43-Sec. 4002. Enforcement filing.
44-Sec. 4003. Budgetary treatment of administrative expenses.
45-Sec. 4004. Application and effect of changes in allocations, aggregates, and other
46-budgetary levels.
47-Sec. 4005. Adjustments to reflect changes in concepts and definitions.
48-Sec. 4006. Adjustment for changes in the baseline.
49-Sec. 4007. Exercise of rulemaking powers.
50-TITLE V—POLICY STATEMENTS IN THE HOUSE OF
51-REPRESENTATIVES
52-Sec. 5001. Policy statement on economic growth.
53-Sec. 5002. Policy statement on mandatory spending reduction.
54-Sec. 5003. Policy statement on Government deregulation.
55-TITLE I—RECOMMENDED 1
56-LEVELS AND AMOUNTS 2
57-Subtitle A—Budgetary Levels in 3
58-Both Houses 4
59-SEC. 1101. RECOMMENDED LEVELS AND AMOUNTS. 5
60-The following budgetary levels are appropriate for each 6
61-of fiscal years 2025 through 2034: 7 3
62-†HCON 14 EAS
63-(1) FEDERAL REVENUES.—For purposes of the 1
64-enforcement of this resolution: 2
65-(A) The recommended levels of Federal reve-3
66-nues are as follows: 4
67-Fiscal year 2025: $3,699,743,000,000. 5
68-Fiscal year 2026: $3,850,222,000,000. 6
69-Fiscal year 2027: $3,935,426,000,000. 7
70-Fiscal year 2028: $4,064,380,000,000. 8
71-Fiscal year 2029: $4,187,266,000,000. 9
72-Fiscal year 2030: $4,388,684,000,000. 10
73-Fiscal year 2031: $4,600,466,000,000. 11
74-Fiscal year 2032: $4,800,588,000,000. 12
75-Fiscal year 2033: $5,020,540,000,000. 13
76-Fiscal year 2034: $5,242,537,000,000. 14
77-(B) The amounts by which the aggregate 15
78-levels of Federal revenues should be changed are 16
79-as follows: 17
80-Fiscal year 2025: ¥$150,000,000,000. 18
81-Fiscal year 2026: ¥$150,000,000,000. 19
82-Fiscal year 2027: ¥$150,000,000,000. 20
83-Fiscal year 2028: ¥$150,000,000,000. 21
84-Fiscal year 2029: ¥$150,000,000,000. 22
85-Fiscal year 2030: ¥$150,000,000,000. 23
86-Fiscal year 2031: ¥$150,000,000,000. 24
87-Fiscal year 2032: ¥$150,000,000,000. 25 4
88-†HCON 14 EAS
89-Fiscal year 2033: ¥$150,000,000,000. 1
90-Fiscal year 2034: ¥$150,000,000,000. 2
91-(2) N
92-EW BUDGET AUTHORITY .—For purposes of 3
93-the enforcement of this resolution, the appropriate lev-4
94-els of total new budget authority are as follows: 5
95-Fiscal year 2025: $4,663,769,000,000. 6
96-Fiscal year 2026: $4,795,798,000,000. 7
97-Fiscal year 2027: $4,933,048,000,000. 8
98-Fiscal year 2028: $5,216,255,000,000. 9
99-Fiscal year 2029: $5,375,045,000,000. 10
100-Fiscal year 2030: $5,667,195,000,000. 11
101-Fiscal year 2031: $5,915,714,000,000. 12
102-Fiscal year 2032: $6,191,839,000,000. 13
103-Fiscal year 2033: $6,530,356,000,000. 14
104-Fiscal year 2034: $6,736,948,000,000. 15
36+TITLE III—RESERVE FUND AND DEFICIT REDUCTION
37+ADJUSTMENT
38+Sec. 3001. Reserve fund for reconciliation legislation in the House of Rep-
39+resentatives.
40+Sec. 3002. Adjustment for spending cuts of at least $2 trillion.
41+TITLE IV—POLICY STATEMENTS
42+Sec. 4001. Policy statement on economic growth.
43+Sec. 4002. Policy statement on mandatory spending reduction.
44+Sec. 4003. Policy statement on Government deregulation.
45+TITLE V—OTHER MATTERS
46+Sec. 5001. Enforcement filing in the House of Representatives.
47+Sec. 5002. Budgetary treatment of administrative expenses in the House of
48+Representatives.
49+Sec. 5003. Application and effect of changes in allocations, aggregates, and
50+other budgetary levels.
51+Sec. 5004. Adjustments to reflect changes in concepts and definitions in the
52+House of Representatives.
53+Sec. 5005. Adjustment for changes in the baseline.
54+Sec. 5006. Exercise of rulemaking powers.
55+TITLE I—RECOMMENDED 3
56+LEVELS AND AMOUNTS 4
57+SEC. 1001. RECOMMENDED LEVELS AND AMOUNTS. 5
58+The following budgetary levels are appropriate for 6
59+each of fiscal years 2025 through 2034: 7
60+(1) F
61+EDERAL REVENUES .—For purposes of the 8
62+enforcement of this concurrent resolution: 9
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66+(A) The recommended levels of Federal 1
67+revenues are as follows: 2
68+Fiscal year 2025: $3,408,969,000,000. 3
69+Fiscal year 2026: $3,766,668,000,000. 4
70+Fiscal year 2027: $4,066,393,000,000. 5
71+Fiscal year 2028: $4,186,847,000,000. 6
72+Fiscal year 2029: $4,309,831,000,000. 7
73+Fiscal year 2030: $4,508,641,000,000. 8
74+Fiscal year 2031: $4,730,270,000,000. 9
75+Fiscal year 2032: $4,938,712,000,000. 10
76+Fiscal year 2033: $5,172,643,000,000. 11
77+Fiscal year 2034: $5,410,030,000,000. 12
78+(B) The amounts by which the aggregate 13
79+levels of Federal revenues should be changed 14
80+are as follows: 15
81+Fiscal year 2025: -$450,000,000,000. 16
82+Fiscal year 2026: -$450,000,000,000. 17
83+Fiscal year 2027: -$450,000,000,000. 18
84+Fiscal year 2028: -$450,000,000,000. 19
85+Fiscal year 2029: -$450,000,000,000. 20
86+Fiscal year 2030: -$450,000,000,000. 21
87+Fiscal year 2031: -$450,000,000,000. 22
88+Fiscal year 2032: -$450,000,000,000. 23
89+Fiscal year 2033: -$450,000,000,000. 24
90+Fiscal year 2034: -$450,000,000,000. 25
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94+(2) NEW BUDGET AUTHORITY .—For purposes 1
95+of the enforcement of this concurrent resolution, the 2
96+appropriate levels of total new budget authority are 3
97+as follows: 4
98+Fiscal year 2025: $5,515,610,000,000. 5
99+Fiscal year 2026: $5,605,352,000,000. 6
100+Fiscal year 2027: $5,744,975,000,000. 7
101+Fiscal year 2028: $5,999,399,000,000. 8
102+Fiscal year 2029: $6,173,475,000,000. 9
103+Fiscal year 2030: $6,494,898,000,000. 10
104+Fiscal year 2031: $6,748,868,000,000. 11
105+Fiscal year 2032: $7,048,096,000,000. 12
106+Fiscal year 2033: $7,438,116,000,000. 13
107+Fiscal year 2034: $7,610,582,000,000. 14
105108 (3) B
106-UDGET OUTLAYS.—For purposes of the en-16
107-forcement of this resolution, the appropriate levels of 17
108-total budget outlays are as follows: 18
109-Fiscal year 2025: $4,636,008,000,000. 19
110-Fiscal year 2026: $4,811,854,000,000. 20
111-Fiscal year 2027: $5,009,263,000,000. 21
112-Fiscal year 2028: $5,304,033,000,000. 22
113-Fiscal year 2029: $5,364,632,000,000. 23
114-Fiscal year 2030: $5,654,106,000,000. 24
115-Fiscal year 2031: $5,882,786,000,000. 25 5
116-†HCON 14 EAS
117-Fiscal year 2032: $6,121,866,000,000. 1
118-Fiscal year 2033: $6,487,182,000,000. 2
119-Fiscal year 2034: $6,647,428,000,000. 3
109+UDGET OUTLAYS.—For purposes of the 15
110+enforcement of this concurrent resolution, the appro-16
111+priate levels of total budget outlays are as follows: 17
112+Fiscal year 2025: $5,490,790,000,000. 18
113+Fiscal year 2026: $5,623,085,000,000. 19
114+Fiscal year 2027: $5,821,621,000,000. 20
115+Fiscal year 2028: $6,088,332,000,000. 21
116+Fiscal year 2029: $6,164,293,000,000. 22
117+Fiscal year 2030: $6,484,545,000,000. 23
118+Fiscal year 2031: $6,720,491,000,000. 24
119+Fiscal year 2032: $6,983,637,000,000. 25
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123+Fiscal year 2033: $7,401,699,000,000. 1
124+Fiscal year 2034: $7,529,256,000,000. 2
120125 (4) D
121-EFICITS.—For purposes of the enforcement 4
122-of this resolution, the amounts of the deficits are as 5
123-follows: 6
124-Fiscal year 2025: $936,265,000,000. 7
125-Fiscal year 2026: $961,632,000,000. 8
126-Fiscal year 2027: $1,073,837,000,000. 9
127-Fiscal year 2028: $1,239,653,000,000. 10
128-Fiscal year 2029: $1,177,366,000,000. 11
129-Fiscal year 2030: $1,265,422,000,000. 12
130-Fiscal year 2031: $1,282,320,000,000. 13
131-Fiscal year 2032: $1,321,278,000,000. 14
132-Fiscal year 2033: $1,466,642,000,000. 15
133-Fiscal year 2034: $1,404,891,000,000. 16
134-(5) P
135-UBLIC DEBT.—Pursuant to section 17
136-301(a)(5) of the Congressional Budget Act of 1974 (2 18
137-U.S.C. 632(a)(5)), the appropriate levels of the public 19
138-debt are as follows: 20
139-Fiscal year 2025: $36,525,094,000,000. 21
140-Fiscal year 2026: $37,838,733,000,000. 22
141-Fiscal year 2027: $39,140,384,000,000. 23
142-Fiscal year 2028: $40,566,455,000,000. 24
143-Fiscal year 2029: $42,102,586,000,000. 25 6
144-†HCON 14 EAS
145-Fiscal year 2030: $43,583,333,000,000. 1
146-Fiscal year 2031: $45,068,345,000,000. 2
147-Fiscal year 2032: $46,595,036,000,000. 3
148-Fiscal year 2033: $48,382,716,000,000. 4
149-Fiscal year 2034: $50,481,979,000,000. 5
126+EFICITS.—For purposes of the enforce-3
127+ment of this concurrent resolution, the amounts of 4
128+the deficits are as follows: 5
129+Fiscal year 2025: $2,081,821,000,000. 6
130+Fiscal year 2026: $1,856,417,000,000. 7
131+Fiscal year 2027: $1,755,228,000,000. 8
132+Fiscal year 2028: $1,901,485,000,000. 9
133+Fiscal year 2029: $1,854,462,000,000. 10
134+Fiscal year 2030: $1,975,904,000,000. 11
135+Fiscal year 2031: $1,990,221,000,000. 12
136+Fiscal year 2032: $2,044,925,000,000. 13
137+Fiscal year 2033: $2,229,056,000,000. 14
138+Fiscal year 2034: $2,119,226,000,000. 15
139+(5) D
140+EBT SUBJECT TO LIMIT.—The appropriate 16
141+levels of debt subject to limit are as follows: 17
142+Fiscal year 2025: $37,660,656,000,000. 18
143+Fiscal year 2026: $39,839,449,000,000. 19
144+Fiscal year 2027: $41,752,932,000,000. 20
145+Fiscal year 2028: $43,721,320,000,000. 21
146+Fiscal year 2029: $45,725,094,000,000. 22
147+Fiscal year 2030: $47,646,893,000,000. 23
148+Fiscal year 2031: $49,490,401,000,000. 24
149+Fiscal year 2032: $51,311,359,000,000. 25
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153+Fiscal year 2033: $53,342,100,000,000. 1
154+Fiscal year 2034: $55,566,372,000,000. 2
150155 (6) D
151-EBT HELD BY THE PUBLIC .—The appro-6
152-priate levels of debt held by the public are as follows: 7
153-Fiscal year 2025: $29,294,843,000,000. 8
154-Fiscal year 2026: $30,468,366,000,000. 9
155-Fiscal year 2027: $31,782,489,000,000. 10
156-Fiscal year 2028: $33,298,095,000,000. 11
157-Fiscal year 2029: $34,781,086,000,000. 12
158-Fiscal year 2030: $36,380,984,000,000. 13
159-Fiscal year 2031: $38,027,730,000,000. 14
160-Fiscal year 2032: $39,759,791,000,000. 15
161-Fiscal year 2033: $41,652,745,000,000. 16
162-Fiscal year 2034: $43,515,483,000,000. 17
163-SEC. 1102. MAJOR FUNCTIONAL CATEGORIES. 18
164-Congress determines and declares that the appropriate 19
165-levels of new budget authority and outlays for fiscal years 20
166-2025 through 2034 for each major functional category are: 21
167-(1) National Defense (050): 22
156+EBT HELD BY THE PUBLIC .—The appro-3
157+priate levels of debt held by the public are as follows: 4
158+Fiscal year 2025: $30,430,405,000,000. 5
159+Fiscal year 2026: $32,469,082,000,000. 6
160+Fiscal year 2027: $34,395,037,000,000. 7
161+Fiscal year 2028: $36,452,960,000,000. 8
162+Fiscal year 2029: $38,403,594,000,000. 9
163+Fiscal year 2030: $40,444,544,000,000. 10
164+Fiscal year 2031: $42,449,786,000,000. 11
165+Fiscal year 2032: $44,476,114,000,000. 12
166+Fiscal year 2033: $46,612,129,000,000. 13
167+Fiscal year 2034: $48,599,876,000,000. 14
168+SEC. 1002. MAJOR FUNCTIONAL CATEGORIES. 15
169+Congress determines and declares that the appro-16
170+priate levels of new budget authority and outlays for fiscal 17
171+years 2025 through 2034 for each major functional cat-18
172+egory are: 19
173+(1) National Defense (050): 20
174+Fiscal year 2025: 21
175+(A) New budget authority, 22
176+$888,044,000,000. 23
177+(B) Outlays, $883,821,000,000. 24
178+Fiscal year 2026: 25
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182+(A) New budget authority, 1
183+$913,263,000,000. 2
184+(B) Outlays, $895,830,000,000. 3
185+Fiscal year 2027: 4
186+(A) New budget authority, 5
187+$935,345,000,000. 6
188+(B) Outlays, $913,493,000,000. 7
189+Fiscal year 2028: 8
190+(A) New budget authority, 9
191+$956,694,000,000. 10
192+(B) Outlays, $940,299,000,000. 11
193+Fiscal year 2029: 12
194+(A) New budget authority, 13
195+$979,049,000,000. 14
196+(B) Outlays, $950,598,000,000. 15
197+Fiscal year 2030: 16
198+(A) New budget authority, 17
199+$1,002,337,000,000. 18
200+(B) Outlays, $977,233,000,000. 19
201+Fiscal year 2031: 20
202+(A) New budget authority, 21
203+$1,026,119,000,000. 22
204+(B) Outlays, $996,535,000,000. 23
205+Fiscal year 2032: 24
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209+(A) New budget authority, 1
210+$1,050,408,000,000. 2
211+(B) Outlays, $1,016,235,000,000. 3
212+Fiscal year 2033: 4
213+(A) New budget authority, 5
214+$1,076,299,000,000. 6
215+(B) Outlays, $1,050,728,000,000. 7
216+Fiscal year 2034: 8
217+(A) New budget authority, 9
218+$1,101,659,000,000. 10
219+(B) Outlays, $1,067,701,000,000. 11
220+(2) International Affairs (150): 12
221+Fiscal year 2025: 13
222+(A) New budget authority, 14
223+$65,962,000,000. 15
224+(B) Outlays, $69,206,000,000. 16
225+Fiscal year 2026: 17
226+(A) New budget authority, 18
227+$64,270,000,000. 19
228+(B) Outlays, $68,458,000,000. 20
229+Fiscal year 2027: 21
230+(A) New budget authority, 22
231+$64,856,000,000. 23
232+(B) Outlays, $68,013,000,000. 24
233+Fiscal year 2028: 25
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237+(A) New budget authority, 1
238+$66,169,000,000. 2
239+(B) Outlays, $64,433,000,000. 3
240+Fiscal year 2029: 4
241+(A) New budget authority, 5
242+$67,655,000,000. 6
243+(B) Outlays, $65,177,000,000. 7
244+Fiscal year 2030: 8
245+(A) New budget authority, 9
246+$69,175,000,000. 10
247+(B) Outlays, $65,601,000,000. 11
248+Fiscal year 2031: 12
249+(A) New budget authority, 13
250+$70,699,000,000. 14
251+(B) Outlays, $66,643,000,000. 15
252+Fiscal year 2032: 16
253+(A) New budget authority, 17
254+$72,220,000,000. 18
255+(B) Outlays, $67,916,000,000. 19
256+Fiscal year 2033: 20
257+(A) New budget authority, 21
258+$73,809,000,000. 22
259+(B) Outlays, $69,332,000,000. 23
260+Fiscal year 2034: 24
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264+(A) New budget authority, 1
265+$75,431,000,000. 2
266+(B) Outlays, $70,768,000,000. 3
267+(3) General Science, Space, and Technology 4
268+(250): 5
269+Fiscal year 2025: 6
270+(A) New budget authority, 7
271+$42,084,000,000. 8
272+(B) Outlays, $41,734,000,000. 9
273+Fiscal year 2026: 10
274+(A) New budget authority, 11
275+$43,056,000,000. 12
276+(B) Outlays, $42,483,000,000. 13
277+Fiscal year 2027: 14
278+(A) New budget authority, 15
279+$44,011,000,000. 16
280+(B) Outlays, $43,166,000,000. 17
281+Fiscal year 2028: 18
282+(A) New budget authority, 19
283+$44,881,000,000. 20
284+(B) Outlays, $43,781,000,000. 21
285+Fiscal year 2029: 22
286+(A) New budget authority, 23
287+$45,834,000,000. 24
288+(B) Outlays, $44,611,000,000. 25
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292+Fiscal year 2030: 1
293+(A) New budget authority, 2
294+$46,835,000,000. 3
295+(B) Outlays, $45,450,000,000. 4
296+Fiscal year 2031: 5
297+(A) New budget authority, 6
298+$47,840,000,000. 7
299+(B) Outlays, $46,405,000,000. 8
300+Fiscal year 2032: 9
301+(A) New budget authority, 10
302+$48,853,000,000. 11
303+(B) Outlays, $47,377,000,000. 12
304+Fiscal year 2033: 13
305+(A) New budget authority, 14
306+$49,907,000,000. 15
307+(B) Outlays, $48,391,000,000. 16
308+Fiscal year 2034: 17
309+(A) New budget authority, 18
310+$50,997,000,000. 19
311+(B) Outlays, $49,436,000,000. 20
312+(4) Energy (270): 21
313+Fiscal year 2025: 22
314+(A) New budget authority, 23
315+$39,842,000,000. 24
316+(B) Outlays, $37,587,000,000. 25
317+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00011 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
318+ssavage on LAPJG3WLY3PROD with BILLS 12
319+HCON 14 PCS
320+Fiscal year 2026: 1
321+(A) New budget authority, 2
322+$40,172,000,000. 3
323+(B) Outlays, $44,518,000,000. 4
324+Fiscal year 2027: 5
325+(A) New budget authority, 6
326+$43,579,000,000. 7
327+(B) Outlays, $52,928,000,000. 8
328+Fiscal year 2028: 9
329+(A) New budget authority, 10
330+$44,493,000,000. 11
331+(B) Outlays, $52,542,000,000. 12
332+Fiscal year 2029: 13
333+(A) New budget authority, 14
334+$45,633,000,000. 15
335+(B) Outlays, $51,237,000,000. 16
336+Fiscal year 2030: 17
337+(A) New budget authority, 18
338+$44,014,000,000. 19
339+(B) Outlays, $47,297,000,000. 20
340+Fiscal year 2031: 21
341+(A) New budget authority, 22
342+$45,460,000,000. 23
343+(B) Outlays, $46,521,000,000. 24
344+Fiscal year 2032: 25
345+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00012 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
346+ssavage on LAPJG3WLY3PROD with BILLS 13
347+HCON 14 PCS
348+(A) New budget authority, 1
349+$50,176,000,000. 2
350+(B) Outlays, $48,864,000,000. 3
351+Fiscal year 2033: 4
352+(A) New budget authority, 5
353+$35,184,000,000. 6
354+(B) Outlays, $34,040,000,000. 7
355+Fiscal year 2034: 8
356+(A) New budget authority, 9
357+$27,122,000,000. 10
358+(B) Outlays, $26,021,000,000. 11
359+(5) Natural Resources and Environment (300): 12
360+Fiscal year 2025: 13
361+(A) New budget authority, 14
362+$88,219,000,000. 15
363+(B) Outlays, $90,074,000,000. 16
364+Fiscal year 2026: 17
365+(A) New budget authority, 18
366+$89,760,000,000. 19
367+(B) Outlays, $90,428,000,000. 20
368+Fiscal year 2027: 21
369+(A) New budget authority, 22
370+$83,830,000,000. 23
371+(B) Outlays, $91,282,000,000. 24
372+Fiscal year 2028: 25
373+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00013 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
374+ssavage on LAPJG3WLY3PROD with BILLS 14
375+HCON 14 PCS
376+(A) New budget authority, 1
377+$85,498,000,000. 2
378+(B) Outlays, $91,754,000,000. 3
379+Fiscal year 2029: 4
380+(A) New budget authority, 5
381+$87,319,000,000. 6
382+(B) Outlays, $92,172,000,000. 7
383+Fiscal year 2030: 8
384+(A) New budget authority, 9
385+$88,970,000,000. 10
386+(B) Outlays, $92,442,000,000. 11
387+Fiscal year 2031: 12
388+(A) New budget authority, 13
389+$91,016,000,000. 14
390+(B) Outlays, $92,640,000,000. 15
391+Fiscal year 2032: 16
392+(A) New budget authority, 17
393+$92,975,000,000. 18
394+(B) Outlays, $91,686,000,000. 19
395+Fiscal year 2033: 20
396+(A) New budget authority, 21
397+$95,254,000,000. 22
398+(B) Outlays, $93,640,000,000. 23
399+Fiscal year 2034: 24
400+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00014 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
401+ssavage on LAPJG3WLY3PROD with BILLS 15
402+HCON 14 PCS
403+(A) New budget authority, 1
404+$97,211,000,000. 2
405+(B) Outlays, $94,831,000,000. 3
406+(6) Agriculture (350): 4
407+Fiscal year 2025: 5
408+(A) New budget authority, 6
409+$58,457,000,000. 7
410+(B) Outlays, $41,846,000,000. 8
411+Fiscal year 2026: 9
412+(A) New budget authority, 10
413+$59,875,000,000. 11
414+(B) Outlays, $58,018,000,000. 12
415+Fiscal year 2027: 13
416+(A) New budget authority, 14
417+$64,092,000,000. 15
418+(B) Outlays, $61,792,000,000. 16
419+Fiscal year 2028: 17
420+(A) New budget authority, 18
421+$66,014,000,000. 19
422+(B) Outlays, $64,140,000,000. 20
423+Fiscal year 2029: 21
424+(A) New budget authority, 22
425+$66,999,000,000. 23
426+(B) Outlays, $63,775,000,000. 24
427+Fiscal year 2030: 25
428+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00015 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
429+ssavage on LAPJG3WLY3PROD with BILLS 16
430+HCON 14 PCS
431+(A) New budget authority, 1
432+$65,213,000,000. 2
433+(B) Outlays, $62,065,000,000. 3
434+Fiscal year 2031: 4
435+(A) New budget authority, 5
436+$65,516,000,000. 6
437+(B) Outlays, $62,226,000,000. 7
438+Fiscal year 2032: 8
439+(A) New budget authority, 9
440+$66,979,000,000. 10
441+(B) Outlays, $63,432,000,000. 11
442+Fiscal year 2033: 12
443+(A) New budget authority, 13
444+$68,738,000,000. 14
445+(B) Outlays, $64,825,000,000. 15
446+Fiscal year 2034: 16
447+(A) New budget authority, 17
448+$70,130,000,000. 18
449+(B) Outlays, $66,347,000,000. 19
450+(7) Commerce and Housing Credit (370): 20
451+Fiscal year 2025: 21
452+(A) New budget authority, 22
453+$12,477,000,000. 23
454+(B) Outlays, -$18,175,000,000. 24
455+Fiscal year 2026: 25
456+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00016 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
457+ssavage on LAPJG3WLY3PROD with BILLS 17
458+HCON 14 PCS
459+(A) New budget authority, 1
460+$33,817,000,000. 2
461+(B) Outlays, -$207,000,000. 3
462+Fiscal year 2027: 4
463+(A) New budget authority, 5
464+$29,807,000,000. 6
465+(B) Outlays, $8,387,000,000. 7
466+Fiscal year 2028: 8
467+(A) New budget authority, 9
468+-$55,092,000,000. 10
469+(B) Outlays, -$64,213,000,000. 11
470+Fiscal year 2029: 12
471+(A) New budget authority, 13
472+$27,308,000,000. 14
473+(B) Outlays, $17,149,000,000. 15
474+Fiscal year 2030: 16
475+(A) New budget authority, 17
476+$27,501,000,000. 18
477+(B) Outlays, $14,043,000,000. 19
478+Fiscal year 2031: 20
479+(A) New budget authority, 21
480+$27,776,000,000. 22
481+(B) Outlays, $9,486,000,000. 23
482+Fiscal year 2032: 24
483+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00017 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
484+ssavage on LAPJG3WLY3PROD with BILLS 18
485+HCON 14 PCS
486+(A) New budget authority, 1
487+$28,233,000,000. 2
488+(B) Outlays, $6,788,000,000. 3
489+Fiscal year 2033: 4
490+(A) New budget authority, 5
491+$22,118,000,000. 6
492+(B) Outlays, -$2,412,000,000. 7
493+Fiscal year 2034: 8
494+(A) New budget authority, 9
495+$31,836,000,000. 10
496+(B) Outlays, $4,308,000,000. 11
497+(8) Transportation (400): 12
498+Fiscal year 2025: 13
499+(A) New budget authority, 14
500+$173,158,000,000. 15
501+(B) Outlays, $144,771,000,000. 16
502+Fiscal year 2026: 17
503+(A) New budget authority, 18
504+$176,249,000,000. 19
505+(B) Outlays, $154,625,000,000. 20
506+Fiscal year 2027: 21
507+(A) New budget authority, 22
508+$178,411,000,000. 23
509+(B) Outlays, $162,925,000,000. 24
510+Fiscal year 2028: 25
511+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00018 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
512+ssavage on LAPJG3WLY3PROD with BILLS 19
513+HCON 14 PCS
514+(A) New budget authority, 1
515+$180,607,000,000. 2
516+(B) Outlays, $171,610,000,000. 3
517+Fiscal year 2029: 4
518+(A) New budget authority, 5
519+$182,610,000,000. 6
520+(B) Outlays, $175,967,000,000. 7
521+Fiscal year 2030: 8
522+(A) New budget authority, 9
523+$179,144,000,000. 10
524+(B) Outlays, $174,442,000,000. 11
525+Fiscal year 2031: 12
526+(A) New budget authority, 13
527+$181,099,000,000. 14
528+(B) Outlays, $178,314,000,000. 15
529+Fiscal year 2032: 16
530+(A) New budget authority, 17
531+$189,966,000,000. 18
532+(B) Outlays, $187,367,000,000. 19
533+Fiscal year 2033: 20
534+(A) New budget authority, 21
535+$192,692,000,000. 22
536+(B) Outlays, $191,213,000,000. 23
537+Fiscal year 2034: 24
538+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00019 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
539+ssavage on LAPJG3WLY3PROD with BILLS 20
540+HCON 14 PCS
541+(A) New budget authority, 1
542+$195,495,000,000. 2
543+(B) Outlays, $194,754,000,000. 3
544+(9) Community and Regional Development 4
545+(450): 5
546+Fiscal year 2025: 6
547+(A) New budget authority, 7
548+$87,762,000,000. 8
549+(B) Outlays, $78,752,000,000. 9
550+Fiscal year 2026: 10
551+(A) New budget authority, 11
552+$89,366,000,000. 12
553+(B) Outlays, $69,845,000,000. 13
554+Fiscal year 2027: 14
555+(A) New budget authority, 15
556+$91,267,000,000. 16
557+(B) Outlays, $74,426,000,000. 17
558+Fiscal year 2028: 18
559+(A) New budget authority, 19
560+$92,897,000,000. 20
561+(B) Outlays, $75,604,000,000. 21
562+Fiscal year 2029: 22
563+(A) New budget authority, 23
564+$94,812,000,000. 24
565+(B) Outlays, $77,850,000,000. 25
566+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00020 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
567+ssavage on LAPJG3WLY3PROD with BILLS 21
568+HCON 14 PCS
569+Fiscal year 2030: 1
570+(A) New budget authority, 2
571+$96,811,000,000. 3
572+(B) Outlays, $82,903,000,000. 4
573+Fiscal year 2031: 5
574+(A) New budget authority, 6
575+$98,774,000,000. 7
576+(B) Outlays, $86,364,000,000. 8
577+Fiscal year 2032: 9
578+(A) New budget authority, 10
579+$100,621,000,000. 11
580+(B) Outlays, $88,685,000,000. 12
581+Fiscal year 2033: 13
582+(A) New budget authority, 14
583+$102,711,000,000. 15
584+(B) Outlays, $90,723,000,000. 16
585+Fiscal year 2034: 17
586+(A) New budget authority, 18
587+$104,818,000,000. 19
588+(B) Outlays, $93,005,000,000. 20
589+(10) Education, Training, Employment, and 21
590+Social Services (500): 22
168591 Fiscal year 2025: 23
169592 (A) New budget authority, 24
170-$933,484,000,000. 25 7
171-†HCON 14 EAS
172-(B) Outlays, $909,629,000,000. 1
593+$149,303,000,000. 25
594+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00021 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
595+ssavage on LAPJG3WLY3PROD with BILLS 22
596+HCON 14 PCS
597+(B) Outlays, $171,916,000,000. 1
173598 Fiscal year 2026: 2
174599 (A) New budget authority, 3
175-$901,220,000,000. 4
176-(B) Outlays, $904,412,000,000. 5
600+$152,714,000,000. 4
601+(B) Outlays, $151,605,000,000. 5
177602 Fiscal year 2027: 6
178603 (A) New budget authority, 7
179-$923,020,000,000. 8
180-(B) Outlays, $911,956,000,000. 9
604+$155,153,000,000. 8
605+(B) Outlays, $150,979,000,000. 9
181606 Fiscal year 2028: 10
182607 (A) New budget authority, 11
183-$944,111,000,000. 12
184-(B) Outlays, $934,660,000,000. 13
608+$157,971,000,000. 12
609+(B) Outlays, $152,819,000,000. 13
185610 Fiscal year 2029: 14
186611 (A) New budget authority, 15
187-$966,203,000,000. 16
188-(B) Outlays, $942,419,000,000. 17
612+$160,952,000,000. 16
613+(B) Outlays, $155,502,000,000. 17
189614 Fiscal year 2030: 18
190615 (A) New budget authority, 19
191-$989,212,000,000. 20
192-(B) Outlays, $966,361,000,000. 21
616+$163,865,000,000. 20
617+(B) Outlays, $158,383,000,000. 21
193618 Fiscal year 2031: 22
194619 (A) New budget authority, 23
195-$1,012,715,000,000. 24
196-(B) Outlays, $984,795,000,000. 25 8
197-†HCON 14 EAS
620+$166,854,000,000. 24
621+(B) Outlays, $161,312,000,000. 25
622+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00022 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
623+ssavage on LAPJG3WLY3PROD with BILLS 23
624+HCON 14 PCS
198625 Fiscal year 2032: 1
199626 (A) New budget authority, 2
200-$1,036,723,000,000. 3
201-(B) Outlays, $1,003,888,000,000. 4
627+$170,223,000,000. 3
628+(B) Outlays, $164,486,000,000. 4
202629 Fiscal year 2033: 5
203630 (A) New budget authority, 6
204-$1,062,319,000,000. 7
205-(B) Outlays, $1,037,888,000,000. 8
631+$173,784,000,000. 7
632+(B) Outlays, $167,792,000,000. 8
206633 Fiscal year 2034: 9
207634 (A) New budget authority, 10
208-$1,087,382,000,000. 11
209-(B) Outlays, $1,054,430,000,000. 12
210-(2) International Affairs (150): 13
635+$176,834,000,000. 11
636+(B) Outlays, $170,876,000,000. 12
637+(11) Health (550): 13
211638 Fiscal year 2025: 14
212-(A) New budget authority, $65,962,000,000. 15
213-(B) Outlays, $69,206,000,000. 16
639+(A) New budget authority, 15
640+$945,070,000,000. 16
641+(B) Outlays, $961,180,000,000. 17
642+Fiscal year 2026: 18
643+(A) New budget authority, 19
644+$992,460,000,000. 20
645+(B) Outlays, $976,705,000,000. 21
646+Fiscal year 2027: 22
647+(A) New budget authority, 23
648+$1,021,428,000,000. 24
649+(B) Outlays, $1,021,884,000,000. 25
650+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00023 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
651+ssavage on LAPJG3WLY3PROD with BILLS 24
652+HCON 14 PCS
653+Fiscal year 2028: 1
654+(A) New budget authority, 2
655+$1,056,522,000,000. 3
656+(B) Outlays, $1,053,318,000,000. 4
657+Fiscal year 2029: 5
658+(A) New budget authority, 6
659+$1,099,999,000,000. 7
660+(B) Outlays, $1,095,100,000,000. 8
661+Fiscal year 2030: 9
662+(A) New budget authority, 10
663+$1,144,066,000,000. 11
664+(B) Outlays, $1,133,456,000,000. 12
665+Fiscal year 2031: 13
666+(A) New budget authority, 14
667+$1,177,723,000,000. 15
668+(B) Outlays, $1,176,648,000,000. 16
669+Fiscal year 2032: 17
670+(A) New budget authority, 18
671+$1,228,051,000,000. 19
672+(B) Outlays, $1,218,203,000,000. 20
673+Fiscal year 2033: 21
674+(A) New budget authority, 22
675+$1,278,134,000,000. 23
676+(B) Outlays, $1,267,299,000,000. 24
677+Fiscal year 2034: 25
678+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00024 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
679+ssavage on LAPJG3WLY3PROD with BILLS 25
680+HCON 14 PCS
681+(A) New budget authority, 1
682+$1,311,280,000,000. 2
683+(B) Outlays, $1,300,233,000,000. 3
684+(12) Medicare (570): 4
685+Fiscal year 2025: 5
686+(A) New budget authority, 6
687+$950,891,000,000. 7
688+(B) Outlays, $950,641,000,000. 8
689+Fiscal year 2026: 9
690+(A) New budget authority, 10
691+$1,007,431,000,000. 11
692+(B) Outlays, $1,009,161,000,000. 12
693+Fiscal year 2027: 13
694+(A) New budget authority, 14
695+$1,067,229,000,000. 15
696+(B) Outlays, $1,066,832,000,000. 16
697+Fiscal year 2028: 17
698+(A) New budget authority, 18
699+$1,210,420,000,000. 19
700+(B) Outlays, $1,208,952,000,000. 20
701+Fiscal year 2029: 21
702+(A) New budget authority, 22
703+$1,126,357,000,000. 23
704+(B) Outlays, $1,125,928,000,000. 24
705+Fiscal year 2030: 25
706+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00025 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
707+ssavage on LAPJG3WLY3PROD with BILLS 26
708+HCON 14 PCS
709+(A) New budget authority, 1
710+$1,276,602,000,000. 2
711+(B) Outlays, $1,276,291,000,000. 3
712+Fiscal year 2031: 4
713+(A) New budget authority, 5
714+$1,358,554,000,000. 6
715+(B) Outlays, $1,358,476,000,000. 7
716+Fiscal year 2032: 8
717+(A) New budget authority, 9
718+$1,445,982,000,000. 10
719+(B) Outlays, $1,445,966,000,000. 11
720+Fiscal year 2033: 12
721+(A) New budget authority, 13
722+$1,664,590,000,000. 14
723+(B) Outlays, $1,664,595,000,000. 15
724+Fiscal year 2034: 16
725+(A) New budget authority, 17
726+$1,667,328,000,000. 18
727+(B) Outlays, $1,667,321,000,000. 19
728+(13) Income Security (600): 20
729+Fiscal year 2025: 21
730+(A) New budget authority, 22
731+$712,446,000,000. 23
732+(B) Outlays, $709,132,000,000. 24
733+Fiscal year 2026: 25
734+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00026 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
735+ssavage on LAPJG3WLY3PROD with BILLS 27
736+HCON 14 PCS
737+(A) New budget authority, 1
738+$702,007,000,000. 2
739+(B) Outlays, $699,086,000,000. 3
740+Fiscal year 2027: 4
741+(A) New budget authority, 5
742+$703,592,000,000. 6
743+(B) Outlays, $698,238,000,000. 7
744+Fiscal year 2028: 8
745+(A) New budget authority, 9
746+$722,280,000,000. 10
747+(B) Outlays, $721,948,000,000. 11
748+Fiscal year 2029: 12
749+(A) New budget authority, 13
750+$724,420,000,000. 14
751+(B) Outlays, $710,279,000,000. 15
752+Fiscal year 2030: 16
753+(A) New budget authority, 17
754+$743,824,000,000. 18
755+(B) Outlays, $735,068,000,000. 19
756+Fiscal year 2031: 20
757+(A) New budget authority, 21
758+$757,021,000,000. 22
759+(B) Outlays, $747,723,000,000. 23
760+Fiscal year 2032: 24
761+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00027 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
762+ssavage on LAPJG3WLY3PROD with BILLS 28
763+HCON 14 PCS
764+(A) New budget authority, 1
765+$775,456,000,000. 2
766+(B) Outlays, $765,416,000,000. 3
767+Fiscal year 2033: 4
768+(A) New budget authority, 5
769+$796,775,000,000. 6
770+(B) Outlays, $793,408,000,000. 7
771+Fiscal year 2034: 8
772+(A) New budget authority, 9
773+$805,597,000,000. 10
774+(B) Outlays, $795,238,000,000. 11
775+(14) Social Security (650): 12
776+Fiscal year 2025: 13
777+(A) New budget authority, 14
778+$67,259,000,000. 15
779+(B) Outlays, $67,259,000,000. 16
214780 Fiscal year 2026: 17
215-(A) New budget authority, $61,716,000,000. 18
216-(B) Outlays, $67,669,000,000. 19
217-Fiscal year 2027: 20
218-(A) New budget authority, $62,249,000,000. 21
219-(B) Outlays, $66,456,000,000. 22
220-Fiscal year 2028: 23
221-(A) New budget authority, $63,512,000,000. 24
222-(B) Outlays, $62,391,000,000. 25 9
223-†HCON 14 EAS
224-Fiscal year 2029: 1
225-(A) New budget authority, $64,944,000,000. 2
226-(B) Outlays, $62,832,000,000. 3
227-Fiscal year 2030: 4
228-(A) New budget authority, $66,408,000,000. 5
229-(B) Outlays, $63,077,000,000. 6
230-Fiscal year 2031: 7
231-(A) New budget authority, $67,878,000,000. 8
232-(B) Outlays, $64,002,000,000. 9
233-Fiscal year 2032: 10
234-(A) New budget authority, $69,343,000,000. 11
235-(B) Outlays, $65,176,000,000. 12
236-Fiscal year 2033: 13
237-(A) New budget authority, $70,874,000,000. 14
238-(B) Outlays, $66,517,000,000. 15
239-Fiscal year 2034: 16
240-(A) New budget authority, $72,435,000,000. 17
241-(B) Outlays, $67,889,000,000. 18
242-(3) General Science, Space, and Technology 19
243-(250): 20
244-Fiscal year 2025: 21
245-(A) New budget authority, $42,084,000,000. 22
246-(B) Outlays, $41,734,000,000. 23
247-Fiscal year 2026: 24
248-(A) New budget authority, $41,345,000,000. 25 10
249-†HCON 14 EAS
250-(B) Outlays, $41,844,000,000. 1
251-Fiscal year 2027: 2
252-(A) New budget authority, $42,264,000,000. 3
253-(B) Outlays, $41,923,000,000. 4
254-Fiscal year 2028: 5
255-(A) New budget authority, $43,099,000,000. 6
256-(B) Outlays, $42,198,000,000. 7
257-Fiscal year 2029: 8
258-(A) New budget authority, $44,017,000,000. 9
259-(B) Outlays, $42,887,000,000. 10
260-Fiscal year 2030: 11
261-(A) New budget authority, $44,980,000,000. 12
262-(B) Outlays, $43,633,000,000. 13
263-Fiscal year 2031: 14
264-(A) New budget authority, $45,946,000,000. 15
265-(B) Outlays, $44,551,000,000. 16
266-Fiscal year 2032: 17
267-(A) New budget authority, $46,922,000,000. 18
268-(B) Outlays, $45,486,000,000. 19
269-Fiscal year 2033: 20
270-(A) New budget authority, $47,936,000,000. 21
271-(B) Outlays, $46,460,000,000. 22
272-Fiscal year 2034: 23
273-(A) New budget authority, $48,985,000,000. 24
274-(B) Outlays, $47,466,000,000. 25 11
275-†HCON 14 EAS
276-(4) Energy (270): 1
277-Fiscal year 2025: 2
278-(A) New budget authority, $39,842,000,000. 3
279-(B) Outlays, $37,587,000,000. 4
280-Fiscal year 2026: 5
281-(A) New budget authority, $39,958,000,000. 6
282-(B) Outlays, $44,514,000,000. 7
283-Fiscal year 2027: 8
284-(A) New budget authority, $34,098,000,000. 9
285-(B) Outlays, $52,768,000,000. 10
286-Fiscal year 2028: 11
287-(A) New budget authority, $34,825,000,000. 12
288-(B) Outlays, $51,623,000,000. 13
289-Fiscal year 2029: 14
290-(A) New budget authority, $35,770,000,000. 15
291-(B) Outlays, $48,582,000,000. 16
292-Fiscal year 2030: 17
293-(A) New budget authority, $33,946,000,000. 18
294-(B) Outlays, $42,596,000,000. 19
295-Fiscal year 2031: 20
296-(A) New budget authority, $35,188,000,000. 21
297-(B) Outlays, $40,366,000,000. 22
298-Fiscal year 2032: 23
299-(A) New budget authority, $39,697,000,000. 24
300-(B) Outlays, $41,611,000,000. 25 12
301-†HCON 14 EAS
302-Fiscal year 2033: 1
303-(A) New budget authority, $24,489,000,000. 2
304-(B) Outlays, $25,941,000,000. 3
305-Fiscal year 2034: 4
306-(A) New budget authority, $16,203,000,000. 5
307-(B) Outlays, $17,040,000,000. 6
308-(5) Natural Resources and Environment (300): 7
309-Fiscal year 2025: 8
310-(A) New budget authority, $88,319,000,000. 9
311-(B) Outlays, $89,764,000,000. 10
312-Fiscal year 2026: 11
313-(A) New budget authority, $67,633,000,000. 12
314-(B) Outlays, $80,552,000,000. 13
315-Fiscal year 2027: 14
316-(A) New budget authority, $45,140,000,000. 15
317-(B) Outlays, $75,844,000,000. 16
318-Fiscal year 2028: 17
319-(A) New budget authority, $45,985,000,000. 18
320-(B) Outlays, $71,673,000,000. 19
321-Fiscal year 2029: 20
322-(A) New budget authority, $46,956,000,000. 21
323-(B) Outlays, $67,691,000,000. 22
324-Fiscal year 2030: 23
325-(A) New budget authority, $47,707,000,000. 24
326-(B) Outlays, $63,948,000,000. 25 13
327-†HCON 14 EAS
328-Fiscal year 2031: 1
329-(A) New budget authority, $48,854,000,000. 2
330-(B) Outlays, $60,580,000,000. 3
331-Fiscal year 2032: 4
332-(A) New budget authority, $49,918,000,000. 5
333-(B) Outlays, $56,444,000,000. 6
334-Fiscal year 2033: 7
335-(A) New budget authority, $51,246,000,000. 8
336-(B) Outlays, $55,797,000,000. 9
337-Fiscal year 2034: 10
338-(A) New budget authority, $52,225,000,000. 11
339-(B) Outlays, $55,480,000,000. 12
340-(6) Agriculture (350): 13
341-Fiscal year 2025: 14
342-(A) New budget authority, $58,457,000,000. 15
343-(B) Outlays, $41,846,000,000. 16
344-Fiscal year 2026: 17
345-(A) New budget authority, $28,163,000,000. 18
346-(B) Outlays, $46,212,000,000. 19
347-Fiscal year 2027: 20
348-(A) New budget authority, $31,716,000,000. 21
349-(B) Outlays, $33,686,000,000. 22
350-Fiscal year 2028: 23
351-(A) New budget authority, $33,008,000,000. 24
352-(B) Outlays, $34,426,000,000. 25 14
353-†HCON 14 EAS
354-Fiscal year 2029: 1
355-(A) New budget authority, $33,334,000,000. 2
356-(B) Outlays, $32,441,000,000. 3
357-Fiscal year 2030: 4
358-(A) New budget authority, $30,857,000,000. 5
359-(B) Outlays, $30,098,000,000. 6
360-Fiscal year 2031: 7
361-(A) New budget authority, $30,468,000,000. 8
362-(B) Outlays, $29,609,000,000. 9
363-Fiscal year 2032: 10
364-(A) New budget authority, $31,239,000,000. 11
365-(B) Outlays, $30,163,000,000. 12
366-Fiscal year 2033: 13
367-(A) New budget authority, $32,276,000,000. 14
368-(B) Outlays, $30,893,000,000. 15
369-Fiscal year 2034: 16
370-(A) New budget authority, $32,912,000,000. 17
371-(B) Outlays, $31,721,000,000. 18
372-(7) Commerce and Housing Credit (370): 19
373-Fiscal year 2025: 20
374-(A) New budget authority, $12,477,000,000. 21
375-(B) Outlays, ¥$18,175,000,000. 22
376-Fiscal year 2026: 23
377-(A) New budget authority, $32,747,000,000. 24
378-(B) Outlays, ¥$626,000,000. 25 15
379-†HCON 14 EAS
380-Fiscal year 2027: 1
381-(A) New budget authority, $28,145,000,000. 2
382-(B) Outlays, $7,710,000,000. 3
383-Fiscal year 2028: 4
384-(A) New budget authority, 5
385-¥$56,796,000,000. 6
386-(B) Outlays, ¥$65,194,000,000. 7
387-Fiscal year 2029: 8
388-(A) New budget authority, $25,562,000,000. 9
389-(B) Outlays, $15,976,000,000. 10
390-Fiscal year 2030: 11
391-(A) New budget authority, $25,712,000,000. 12
392-(B) Outlays, $12,680,000,000. 13
393-Fiscal year 2031: 14
394-(A) New budget authority, $25,941,000,000. 15
395-(B) Outlays, $7,932,000,000. 16
396-Fiscal year 2032: 17
397-(A) New budget authority, $26,354,000,000. 18
398-(B) Outlays, $5,060,000,000. 19
399-Fiscal year 2033: 20
400-(A) New budget authority, $20,192,000,000. 21
401-(B) Outlays, ¥$4,224,000,000. 22
402-Fiscal year 2034: 23
403-(A) New budget authority, $29,862,000,000. 24
404-(B) Outlays, $2,451,000,000. 25 16
405-†HCON 14 EAS
406-(8) Transportation (400): 1
407-Fiscal year 2025: 2
408-(A) New budget authority, 3
409-$173,158,000,000. 4
410-(B) Outlays, $144,771,000,000. 5
411-Fiscal year 2026: 6
412-(A) New budget authority, 7
413-$167,673,000,000. 8
414-(B) Outlays, $152,541,000,000. 9
415-Fiscal year 2027: 10
416-(A) New budget authority, 11
417-$132,085,000,000. 12
418-(B) Outlays, $158,068,000,000. 13
419-Fiscal year 2028: 14
420-(A) New budget authority, 15
421-$133,386,000,000. 16
422-(B) Outlays, $162,528,000,000. 17
423-Fiscal year 2029: 18
424-(A) New budget authority, 19
425-$134,447,000,000. 20
426-(B) Outlays, $160,846,000,000. 21
427-Fiscal year 2030: 22
428-(A) New budget authority, 23
429-$129,994,000,000. 24
430-(B) Outlays, $150,790,000,000. 25 17
431-†HCON 14 EAS
432-Fiscal year 2031: 1
433-(A) New budget authority, 2
434-$130,964,000,000. 3
435-(B) Outlays, $147,539,000,000. 4
436-Fiscal year 2032: 5
437-(A) New budget authority, 6
438-$138,846,000,000. 7
439-(B) Outlays, $150,163,000,000. 8
440-Fiscal year 2033: 9
441-(A) New budget authority, 10
442-$140,544,000,000. 11
443-(B) Outlays, $149,247,000,000. 12
444-Fiscal year 2034: 13
445-(A) New budget authority, 14
446-$142,271,000,000. 15
447-(B) Outlays, $149,454,000,000. 16
448-(9) Community and Regional Development 17
449-(450): 18
450-Fiscal year 2025: 19
451-(A) New budget authority, $90,242,000,000. 20
452-(B) Outlays, $78,592,000,000. 21
453-Fiscal year 2026: 22
454-(A) New budget authority, $20,135,000,000. 23
455-(B) Outlays, $64,267,000,000. 24
456-Fiscal year 2027: 25 18
457-†HCON 14 EAS
458-(A) New budget authority, $19,259,000,000. 1
459-(B) Outlays, $56,506,000,000. 2
460-Fiscal year 2028: 3
461-(A) New budget authority, $19,462,000,000. 4
462-(B) Outlays, $45,101,000,000. 5
463-Fiscal year 2029: 6
464-(A) New budget authority, $19,888,000,000. 7
465-(B) Outlays, $35,976,000,000. 8
466-Fiscal year 2030: 9
467-(A) New budget authority, $20,326,000,000. 10
468-(B) Outlays, $31,026,000,000. 11
469-Fiscal year 2031: 12
470-(A) New budget authority, $20,727,000,000. 13
471-(B) Outlays, $27,543,000,000. 14
472-Fiscal year 2032: 15
473-(A) New budget authority, $21,007,000,000. 16
474-(B) Outlays, $24,658,000,000. 17
475-Fiscal year 2033: 18
476-(A) New budget authority, $21,462,000,000. 19
477-(B) Outlays, $22,754,000,000. 20
478-Fiscal year 2034: 21
479-(A) New budget authority, $21,864,000,000. 22
480-(B) Outlays, $21,733,000,000. 23
481-(10) Education, Training, Employment, and So-24
482-cial Services (500): 25 19
483-†HCON 14 EAS
484-Fiscal year 2025: 1
485-(A) New budget authority, 2
486-$149,379,000,000. 3
487-(B) Outlays, $171,920,000,000. 4
488-Fiscal year 2026: 5
489-(A) New budget authority, 6
490-$152,714,000,000. 7
491-(B) Outlays, $151,639,000,000. 8
492-Fiscal year 2027: 9
493-(A) New budget authority, 10
494-$155,152,000,000. 11
495-(B) Outlays, $151,206,000,000. 12
496-Fiscal year 2028: 13
497-(A) New budget authority, 14
498-$157,970,000,000. 15
499-(B) Outlays, $152,914,000,000. 16
500-Fiscal year 2029: 17
501781 (A) New budget authority, 18
502-$160,942,000,000. 19
503-(B) Outlays, $155,518,000,000. 20
504-Fiscal year 2030: 21
782+$81,690,000,000. 19
783+(B) Outlays, $81,690,000,000. 20
784+Fiscal year 2027: 21
505785 (A) New budget authority, 22
506-$163,842,000,000. 23
507-(B) Outlays, $158,366,000,000. 24
508-Fiscal year 2031: 25 20
509-†HCON 14 EAS
786+$89,447,000,000. 23
787+(B) Outlays, $89,447,000,000. 24
788+Fiscal year 2028: 25
789+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00028 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
790+ssavage on LAPJG3WLY3PROD with BILLS 29
791+HCON 14 PCS
510792 (A) New budget authority, 1
511-$166,812,000,000. 2
512-(B) Outlays, $161,277,000,000. 3
513-Fiscal year 2032: 4
514-(A) New budget authority, 5
515-$170,169,000,000. 6
516-(B) Outlays, $164,438,000,000. 7
517-Fiscal year 2033: 8
518-(A) New budget authority, 9
519-$173,711,000,000. 10
520-(B) Outlays, $167,726,000,000. 11
521-Fiscal year 2034: 12
522-(A) New budget authority, 13
523-$176,750,000,000. 14
524-(B) Outlays, $170,798,000,000. 15
525-(11) Health (550): 16
526-Fiscal year 2025: 17
527-(A) New budget authority, 18
528-$948,957,000,000. 19
529-(B) Outlays, $963,482,000,000. 20
530-Fiscal year 2026: 21
531-(A) New budget authority, 22
532-$992,092,000,000. 23
533-(B) Outlays, $977,707,000,000. 24
534-Fiscal year 2027: 25 21
535-†HCON 14 EAS
536-(A) New budget authority, 1
537-$1,020,326,000,000. 2
538-(B) Outlays, $1,021,663,000,000. 3
539-Fiscal year 2028: 4
540-(A) New budget authority, 5
541-$1,054,949,000,000. 6
542-(B) Outlays, $1,051,917,000,000. 7
543-Fiscal year 2029: 8
544-(A) New budget authority, 9
545-$1,098,389,000,000. 10
546-(B) Outlays, $1,093,560,000,000. 11
547-Fiscal year 2030: 12
548-(A) New budget authority, 13
549-$1,142,669,000,000. 14
550-(B) Outlays, $1,132,096,000,000. 15
551-Fiscal year 2031: 16
552-(A) New budget authority, 17
553-$1,176,497,000,000. 18
554-(B) Outlays, $1,175,451,000,000. 19
555-Fiscal year 2032: 20
556-(A) New budget authority, 21
557-$1,226,824,000,000. 22
558-(B) Outlays, $1,216,998,000,000. 23
559-Fiscal year 2033: 24 22
560-†HCON 14 EAS
561-(A) New budget authority, 1
562-$1,276,881,000,000. 2
563-(B) Outlays, $1,266,068,000,000. 3
564-Fiscal year 2034: 4
565-(A) New budget authority, 5
566-$1,310,000,000,000. 6
567-(B) Outlays, $1,298,975,000,000. 7
568-(12) Medicare (570): 8
569-Fiscal year 2025: 9
570-(A) New budget authority, 10
571-$952,239,000,000. 11
572-(B) Outlays, $951,989,000,000. 12
573-Fiscal year 2026: 13
574-(A) New budget authority, 14
575-$1,007,093,000,000. 15
576-(B) Outlays, $1,008,459,000,000. 16
577-Fiscal year 2027: 17
578-(A) New budget authority, 18
579-$1,066,571,000,000. 19
580-(B) Outlays, $1,066,331,000,000. 20
581-Fiscal year 2028: 21
582-(A) New budget authority, 22
583-$1,209,735,000,000. 23
584-(B) Outlays, $1,208,675,000,000. 24
585-Fiscal year 2029: 25 23
586-†HCON 14 EAS
587-(A) New budget authority, 1
588-$1,125,645,000,000. 2
589-(B) Outlays, $1,125,301,000,000. 3
590-Fiscal year 2030: 4
591-(A) New budget authority, 5
592-$1,275,864,000,000. 6
593-(B) Outlays, $1,275,627,000,000. 7
594-Fiscal year 2031: 8
595-(A) New budget authority, 9
596-$1,357,791,000,000. 10
597-(B) Outlays, $1,357,726,000,000. 11
598-Fiscal year 2032: 12
599-(A) New budget authority, 13
600-$1,445,195,000,000. 14
601-(B) Outlays, $1,445,191,000,000. 15
602-Fiscal year 2033: 16
603-(A) New budget authority, 17
604-$1,659,329,000,000. 18
605-(B) Outlays, $1,659,346,000,000. 19
606-Fiscal year 2034: 20
607-(A) New budget authority, 21
608-$1,666,492,000,000. 22
609-(B) Outlays, $1,666,497,000,000. 23
610-(13) Income Security (600): 24
611-Fiscal year 2025: 25 24
612-†HCON 14 EAS
613-(A) New budget authority, 1
614-$712,538,000,000. 2
615-(B) Outlays, $709,200,000,000. 3
616-Fiscal year 2026: 4
617-(A) New budget authority, 5
618-$691,755,000,000. 6
619-(B) Outlays, $690,914,000,000. 7
620-Fiscal year 2027: 8
621-(A) New budget authority, 9
622-$708,645,000,000. 10
623-(B) Outlays, $703,648,000,000. 11
624-Fiscal year 2028: 12
625-(A) New budget authority, 13
626-$727,434,000,000. 14
627-(B) Outlays, $727,234,000,000. 15
628-Fiscal year 2029: 16
629-(A) New budget authority, 17
630-$728,925,000,000. 18
631-(B) Outlays, $714,850,000,000. 19
632-Fiscal year 2030: 20
633-(A) New budget authority, 21
634-$748,162,000,000. 22
635-(B) Outlays, $739,465,000,000. 23
636-Fiscal year 2031: 24 25
637-†HCON 14 EAS
638-(A) New budget authority, 1
639-$760,737,000,000. 2
640-(B) Outlays, $751,498,000,000. 3
641-Fiscal year 2032: 4
642-(A) New budget authority, 5
643-$778,878,000,000. 6
644-(B) Outlays, $768,898,000,000. 7
645-Fiscal year 2033: 8
646-(A) New budget authority, 9
647-$800,142,000,000. 10
648-(B) Outlays, $796,835,000,000. 11
649-Fiscal year 2034: 12
650-(A) New budget authority, 13
651-$808,455,000,000. 14
652-(B) Outlays, $798,159,000,000. 15
653-(14) Social Security (650): 16
654-Fiscal year 2025: 17
655-(A) New budget authority, $67,259,000,000. 18
656-(B) Outlays, $67,259,000,000. 19
657-Fiscal year 2026: 20
658-(A) New budget authority, $81,690,000,000. 21
659-(B) Outlays, $81,690,000,000. 22
660-Fiscal year 2027: 23
661-(A) New budget authority, $89,447,000,000. 24
662-(B) Outlays, $89,447,000,000. 25 26
663-†HCON 14 EAS
664-Fiscal year 2028: 1
665-(A) New budget authority, $94,419,000,000. 2
793+$94,419,000,000. 2
666794 (B) Outlays, $94,419,000,000. 3
667795 Fiscal year 2029: 4
668796 (A) New budget authority, 5
669797 $100,138,000,000. 6
670798 (B) Outlays, $100,138,000,000. 7
671799 Fiscal year 2030: 8
672800 (A) New budget authority, 9
673801 $106,208,000,000. 10
674802 (B) Outlays, $106,208,000,000. 11
675803 Fiscal year 2031: 12
676804 (A) New budget authority, 13
677805 $112,114,000,000. 14
678806 (B) Outlays, $112,114,000,000. 15
679807 Fiscal year 2032: 16
680808 (A) New budget authority, 17
681809 $118,485,000,000. 18
682810 (B) Outlays, $118,485,000,000. 19
683811 Fiscal year 2033: 20
684812 (A) New budget authority, 21
685813 $125,325,000,000. 22
686814 (B) Outlays, $125,325,000,000. 23
687-Fiscal year 2034: 24 27
688-†HCON 14 EAS
815+Fiscal year 2034: 24
816+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00029 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
817+ssavage on LAPJG3WLY3PROD with BILLS 30
818+HCON 14 PCS
689819 (A) New budget authority, 1
690820 $132,539,000,000. 2
691821 (B) Outlays, $132,539,000,000. 3
692822 (15) Veterans Benefits and Services (700): 4
693823 Fiscal year 2025: 5
694824 (A) New budget authority, 6
695825 $361,349,000,000. 7
696826 (B) Outlays, $357,760,000,000. 8
697827 Fiscal year 2026: 9
698828 (A) New budget authority, 10
699-$382,555,000,000. 11
700-(B) Outlays, $378,814,000,000. 12
829+$382,625,000,000. 11
830+(B) Outlays, $378,862,000,000. 12
701831 Fiscal year 2027: 13
702832 (A) New budget authority, 14
703-$404,594,000,000. 15
704-(B) Outlays, $401,319,000,000. 16
833+$404,665,000,000. 15
834+(B) Outlays, $401,379,000,000. 16
705835 Fiscal year 2028: 17
706836 (A) New budget authority, 18
707-$427,329,000,000. 19
708-(B) Outlays, $444,241,000,000. 20
837+$427,402,000,000. 19
838+(B) Outlays, $444,309,000,000. 20
709839 Fiscal year 2029: 21
710840 (A) New budget authority, 22
711-$447,757,000,000. 23
712-(B) Outlays, $422,317,000,000. 24
713-Fiscal year 2030: 25 28
714-†HCON 14 EAS
841+$447,832,000,000. 23
842+(B) Outlays, $422,387,000,000. 24
843+Fiscal year 2030: 25
844+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00030 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
845+ssavage on LAPJG3WLY3PROD with BILLS 31
846+HCON 14 PCS
715847 (A) New budget authority, 1
716-$466,616,000,000. 2
717-(B) Outlays, $461,720,000,000. 3
848+$466,693,000,000. 2
849+(B) Outlays, $461,795,000,000. 3
718850 Fiscal year 2031: 4
719851 (A) New budget authority, 5
720-$486,716,000,000. 6
721-(B) Outlays, $481,638,000,000. 7
852+$486,796,000,000. 6
853+(B) Outlays, $481,715,000,000. 7
722854 Fiscal year 2032: 8
723855 (A) New budget authority, 9
724-$507,187,000,000. 10
725-(B) Outlays, $502,655,000,000. 11
856+$507,269,000,000. 10
857+(B) Outlays, $502,734,000,000. 11
726858 Fiscal year 2033: 12
727859 (A) New budget authority, 13
728-$528,733,000,000. 14
729-(B) Outlays, $548,734,000,000. 15
860+$528,816,000,000. 14
861+(B) Outlays, $548,814,000,000. 15
730862 Fiscal year 2034: 16
731863 (A) New budget authority, 17
732-$550,662,000,000. 18
733-(B) Outlays, $547,796,000,000. 19
864+$550,747,000,000. 18
865+(B) Outlays, $547,878,000,000. 19
734866 (16) Administration of Justice (750): 20
735867 Fiscal year 2025: 21
736-(A) New budget authority, $83,111,000,000. 22
737-(B) Outlays, $85,235,000,000. 23
868+(A) New budget authority, 22
869+$83,111,000,000. 23
870+(B) Outlays, $85,235,000,000. 24
871+Fiscal year 2026: 25
872+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00031 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
873+ssavage on LAPJG3WLY3PROD with BILLS 32
874+HCON 14 PCS
875+(A) New budget authority, 1
876+$90,002,000,000. 2
877+(B) Outlays, $87,682,000,000. 3
878+Fiscal year 2027: 4
879+(A) New budget authority, 5
880+$89,047,000,000. 6
881+(B) Outlays, $87,256,000,000. 7
882+Fiscal year 2028: 8
883+(A) New budget authority, 9
884+$91,066,000,000. 10
885+(B) Outlays, $89,499,000,000. 11
886+Fiscal year 2029: 12
887+(A) New budget authority, 13
888+$93,553,000,000. 14
889+(B) Outlays, $91,849,000,000. 15
890+Fiscal year 2030: 16
891+(A) New budget authority, 17
892+$96,019,000,000. 18
893+(B) Outlays, $94,292,000,000. 19
894+Fiscal year 2031: 20
895+(A) New budget authority, 21
896+$98,328,000,000. 22
897+(B) Outlays, $96,277,000,000. 23
898+Fiscal year 2032: 24
899+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00032 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
900+ssavage on LAPJG3WLY3PROD with BILLS 33
901+HCON 14 PCS
902+(A) New budget authority, 1
903+$105,979,000,000. 2
904+(B) Outlays, $103,293,000,000. 3
905+Fiscal year 2033: 4
906+(A) New budget authority, 5
907+$108,710,000,000. 6
908+(B) Outlays, $105,827,000,000. 7
909+Fiscal year 2034: 8
910+(A) New budget authority, 9
911+$111,020,000,000. 10
912+(B) Outlays, $108,460,000,000. 11
913+(17) General Government (800): 12
914+Fiscal year 2025: 13
915+(A) New budget authority, 14
916+$10,089,000,000. 15
917+(B) Outlays, $37,960,000,000. 16
918+Fiscal year 2026: 17
919+(A) New budget authority, 18
920+$30,678,000,000. 19
921+(B) Outlays, $38,289,000,000. 20
922+Fiscal year 2027: 21
923+(A) New budget authority, 22
924+$32,078,000,000. 23
925+(B) Outlays, $38,267,000,000. 24
926+Fiscal year 2028: 25
927+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00033 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
928+ssavage on LAPJG3WLY3PROD with BILLS 34
929+HCON 14 PCS
930+(A) New budget authority, 1
931+$33,007,000,000. 2
932+(B) Outlays, $37,965,000,000. 3
933+Fiscal year 2029: 4
934+(A) New budget authority, 5
935+$33,784,000,000. 6
936+(B) Outlays, $37,804,000,000. 7
937+Fiscal year 2030: 8
938+(A) New budget authority, 9
939+$34,628,000,000. 10
940+(B) Outlays, $37,998,000,000. 11
941+Fiscal year 2031: 12
942+(A) New budget authority, 13
943+$35,261,000,000. 14
944+(B) Outlays, $37,038,000,000. 15
945+Fiscal year 2032: 16
946+(A) New budget authority, 17
947+$36,204,000,000. 18
948+(B) Outlays, $36,321,000,000. 19
949+Fiscal year 2033: 20
950+(A) New budget authority, 21
951+$36,975,000,000. 22
952+(B) Outlays, $36,772,000,000. 23
953+Fiscal year 2034: 24
954+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00034 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
955+ssavage on LAPJG3WLY3PROD with BILLS 35
956+HCON 14 PCS
957+(A) New budget authority, 1
958+$37,697,000,000. 2
959+(B) Outlays, $37,281,000,000. 3
960+(18) Net Interest (900): 4
961+Fiscal year 2025: 5
962+(A) New budget authority, 6
963+$1,027,694,000,000. 7
964+(B) Outlays, $1,027,694,000,000. 8
965+Fiscal year 2026: 9
966+(A) New budget authority, 10
967+$1,090,880,000,000. 11
968+(B) Outlays, $1,090,880,000,000. 12
969+Fiscal year 2027: 13
970+(A) New budget authority, 14
971+$1,160,719,000,000. 15
972+(B) Outlays, $1,160,719,000,000. 16
973+Fiscal year 2028: 17
974+(A) New budget authority, 18
975+$1,250,257,000,000. 19
976+(B) Outlays, $1,250,257,000,000. 20
977+Fiscal year 2029: 21
978+(A) New budget authority, 22
979+$1,328,362,000,000. 23
980+(B) Outlays, $1,328,362,000,000. 24
981+Fiscal year 2030: 25
982+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00035 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
983+ssavage on LAPJG3WLY3PROD with BILLS 36
984+HCON 14 PCS
985+(A) New budget authority, 1
986+$1,399,636,000,000. 2
987+(B) Outlays, $1,399,636,000,000. 3
988+Fiscal year 2031: 4
989+(A) New budget authority, 5
990+$1,475,634,000,000. 6
991+(B) Outlays, $1,475,634,000,000. 7
992+Fiscal year 2032: 8
993+(A) New budget authority, 9
994+$1,551,786,000,000. 10
995+(B) Outlays, $1,551,786,000,000. 11
996+Fiscal year 2033: 12
997+(A) New budget authority, 13
998+$1,619,496,000,000. 14
999+(B) Outlays, $1,619,496,000,000. 15
1000+Fiscal year 2034: 16
1001+(A) New budget authority, 17
1002+$1,693,863,000,000. 18
1003+(B) Outlays, $1,693,863,000,000. 19
1004+(19) Allowances (920): 20
1005+Fiscal year 2025: 21
1006+(A) New budget authority, $0. 22
1007+(B) Outlays, $0. 23
7381008 Fiscal year 2026: 24
739-(A) New budget authority, $88,992,000,000. 25 29
740-†HCON 14 EAS
741-(B) Outlays, $87,024,000,000. 1
1009+(A) New budget authority, $0. 25
1010+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00036 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
1011+ssavage on LAPJG3WLY3PROD with BILLS 37
1012+HCON 14 PCS
1013+(B) Outlays, $0. 1
7421014 Fiscal year 2027: 2
743-(A) New budget authority, $87,701,000,000. 3
744-(B) Outlays, $86,420,000,000. 4
1015+(A) New budget authority, $0. 3
1016+(B) Outlays, $0. 4
7451017 Fiscal year 2028: 5
746-(A) New budget authority, $89,687,000,000. 6
747-(B) Outlays, $88,514,000,000. 7
1018+(A) New budget authority, $0. 6
1019+(B) Outlays, $0. 7
7481020 Fiscal year 2029: 8
749-(A) New budget authority, $92,142,000,000. 9
750-(B) Outlays, $90,690,000,000. 10
1021+(A) New budget authority, $0. 9
1022+(B) Outlays, $0. 10
7511023 Fiscal year 2030: 11
752-(A) New budget authority, $94,574,000,000. 12
753-(B) Outlays, $92,986,000,000. 13
1024+(A) New budget authority, $0. 12
1025+(B) Outlays, $0. 13
7541026 Fiscal year 2031: 14
755-(A) New budget authority, $96,848,000,000. 15
756-(B) Outlays, $94,869,000,000. 16
1027+(A) New budget authority, $0. 15
1028+(B) Outlays, $0. 16
7571029 Fiscal year 2032: 17
758-(A) New budget authority, 18
759-$104,463,000,000. 19
760-(B) Outlays, $101,844,000,000. 20
761-Fiscal year 2033: 21
762-(A) New budget authority, 22
763-$107,160,000,000. 23
764-(B) Outlays, $104,339,000,000. 24
765-Fiscal year 2034: 25 30
766-†HCON 14 EAS
767-(A) New budget authority, 1
768-$109,431,000,000. 2
769-(B) Outlays, $106,934,000,000. 3
770-(17) General Government (800): 4
771-Fiscal year 2025: 5
772-(A) New budget authority, $10,089,000,000. 6
773-(B) Outlays, $37,960,000,000. 7
774-Fiscal year 2026: 8
775-(A) New budget authority, $30,666,000,000. 9
776-(B) Outlays, $38,285,000,000. 10
777-Fiscal year 2027: 11
778-(A) New budget authority, $32,065,000,000. 12
779-(B) Outlays, $38,261,000,000. 13
780-Fiscal year 2028: 14
781-(A) New budget authority, $32,994,000,000. 15
782-(B) Outlays, $37,957,000,000. 16
783-Fiscal year 2029: 17
784-(A) New budget authority, $33,770,000,000. 18
785-(B) Outlays, $37,793,000,000. 19
786-Fiscal year 2030: 20
787-(A) New budget authority, $34,614,000,000. 21
788-(B) Outlays, $37,985,000,000. 22
789-Fiscal year 2031: 23
790-(A) New budget authority, $35,247,000,000. 24
791-(B) Outlays, $37,024,000,000. 25 31
792-†HCON 14 EAS
793-Fiscal year 2032: 1
794-(A) New budget authority, $36,189,000,000. 2
795-(B) Outlays, $36,307,000,000. 3
796-Fiscal year 2033: 4
797-(A) New budget authority, $36,960,000,000. 5
798-(B) Outlays, $36,758,000,000. 6
799-Fiscal year 2034: 7
800-(A) New budget authority, $37,681,000,000. 8
801-(B) Outlays, $37,266,000,000. 9
802-(18) Net Interest (900): 10
803-Fiscal year 2025: 11
804-(A) New budget authority, 12
805-$1,011,643,000,000. 13
806-(B) Outlays, $1,011,643,000,000. 14
807-Fiscal year 2026: 15
808-(A) New budget authority, 16
809-$1,031,561,000,000. 17
810-(B) Outlays, $1,031,561,000,000. 18
811-Fiscal year 2027: 19
812-(A) New budget authority, 20
813-$1,078,839,000,000. 21
814-(B) Outlays, $1,078,839,000,000. 22
815-Fiscal year 2028: 23
816-(A) New budget authority, 24
817-$1,150,343,000,000. 25 32
818-†HCON 14 EAS
819-(B) Outlays, $1,150,343,000,000. 1
820-Fiscal year 2029: 2
821-(A) New budget authority, 3
822-$1,213,150,000,000. 4
823-(B) Outlays, $1,213,150,000,000. 5
824-Fiscal year 2030: 6
825-(A) New budget authority, 7
826-$1,269,439,000,000. 8
827-(B) Outlays, $1,269,439,000,000. 9
828-Fiscal year 2031: 10
829-(A) New budget authority, 11
830-$1,332,808,000,000. 12
831-(B) Outlays, $1,332,808,000,000. 13
832-Fiscal year 2032: 14
833-(A) New budget authority, 15
834-$1,398,649,000,000. 16
835-(B) Outlays, $1,398,649,000,000. 17
836-Fiscal year 2033: 18
837-(A) New budget authority, 19
838-$1,457,676,000,000. 20
839-(B) Outlays, $1,457,676,000,000. 21
840-Fiscal year 2034: 22
841-(A) New budget authority, 23
842-$1,525,604,000,000. 24
843-(B) Outlays, $1,525,604,000,000. 25 33
844-†HCON 14 EAS
845-(19) Allowances (920): 1
1030+(A) New budget authority, $0. 18
1031+(B) Outlays, $0. 19
1032+Fiscal year 2033: 20
1033+(A) New budget authority, $0. 21
1034+(B) Outlays, $0. 22
1035+Fiscal year 2034: 23
1036+(A) New budget authority, $0. 24
1037+(B) Outlays, $0. 25
1038+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00037 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
1039+ssavage on LAPJG3WLY3PROD with BILLS 38
1040+HCON 14 PCS
1041+(20) Government-Wide Savings (930): 1
8461042 Fiscal year 2025: 2
8471043 (A) New budget authority, 3
848-¥$1,009,217,000,000. 4
849-(B) Outlays, ¥$987,791,000,000. 5
1044+-$120,000,000,000. 4
1045+(B) Outlays, -$120,000,000,000. 5
8501046 Fiscal year 2026: 6
8511047 (A) New budget authority, 7
852-¥$888,800,000,000. 8
853-(B) Outlays, ¥$900,514,000,000. 9
1048+-$299,849,000,000. 8
1049+(B) Outlays, -$179,763,000,000. 9
8541050 Fiscal year 2027: 10
8551051 (A) New budget authority, 11
856-¥$890,385,000,000. 12
857-(B) Outlays, ¥$894,905,000,000. 13
1052+-$375,694,000,000. 12
1053+(B) Outlays, -$231,910,000,000. 13
8581054 Fiscal year 2028: 14
8591055 (A) New budget authority, 15
860-¥$848,052,000,000. 16
861-(B) Outlays, ¥$850,422,000,000. 17
1056+-$384,958,000,000. 16
1057+(B) Outlays, -$263,939,000,000. 17
8621058 Fiscal year 2029: 18
8631059 (A) New budget authority, 19
864-¥$851,534,000,000. 20
865-(B) Outlays, ¥$852,928,000,000. 21
1060+-$393,736,000,000. 20
1061+(B) Outlays, -$296,185,000,000. 21
8661062 Fiscal year 2030: 22
8671063 (A) New budget authority, 23
868-¥$874,353,000,000. 24
869-(B) Outlays, ¥$874,414,000,000. 25 34
870-†HCON 14 EAS
1064+-$407,056,000,000. 24
1065+(B) Outlays, -$330,476,000,000. 25
1066+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00038 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
1067+ssavage on LAPJG3WLY3PROD with BILLS 39
1068+HCON 14 PCS
8711069 Fiscal year 2031: 1
8721070 (A) New budget authority, 2
873-¥$874,523,000,000. 3
874-(B) Outlays, ¥$874,523,000,000. 4
1071+-$419,698,000,000. 3
1072+(B) Outlays, -$357,567,000,000. 4
8751073 Fiscal year 2032: 5
8761074 (A) New budget authority, 6
877-¥$894,135,000,000. 7
878-(B) Outlays, ¥$894,135,000,000. 8
1075+-$431,652,000,000. 7
1076+(B) Outlays, -$381,290,000,000. 8
8791077 Fiscal year 2033: 9
8801078 (A) New budget authority, 10
881-¥$940,797,000,000. 11
882-(B) Outlays, ¥$940,797,000,000. 12
1079+-$445,094,000,000. 11
1080+(B) Outlays, -$402,008,000,000. 12
8831081 Fiscal year 2034: 13
8841082 (A) New budget authority, 14
885-¥$913,790,000,000. 15
886-(B) Outlays, ¥$913,790,000,000. 16
887-(20) Undistributed Offsetting Receipts (950): 17
1083+-$460,001,000,000. 15
1084+(B) Outlays, -$420,590,000,000. 16
1085+(21) Undistributed Offsetting Receipts (950): 17
8881086 Fiscal year 2025: 18
8891087 (A) New budget authority, 19
890-¥$127,603,000,000. 20
891-(B) Outlays, ¥$127,603,000,000. 21
1088+-$127,603,000,000. 20
1089+(B) Outlays, -$127,603,000,000. 21
8921090 Fiscal year 2026: 22
8931091 (A) New budget authority, 23
894-¥$135,110,000,000. 24
895-(B) Outlays, ¥$135,110,000,000. 25 35
896-†HCON 14 EAS
1092+-$135,110,000,000. 24
1093+(B) Outlays, -$135,110,000,000. 25
1094+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00039 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
1095+ssavage on LAPJG3WLY3PROD with BILLS 40
1096+HCON 14 PCS
8971097 Fiscal year 2027: 1
8981098 (A) New budget authority, 2
899-¥$137,883,000,000. 3
900-(B) Outlays, ¥$137,883,000,000. 4
1099+-$137,883,000,000. 3
1100+(B) Outlays, -$137,883,000,000. 4
9011101 Fiscal year 2028: 5
9021102 (A) New budget authority, 6
903-¥$141,145,000,000. 7
904-(B) Outlays, ¥$141,165,000,000. 8
1103+-$141,145,000,000. 7
1104+(B) Outlays, -$141,165,000,000. 8
9051105 Fiscal year 2029: 9
9061106 (A) New budget authority, 10
907-¥$145,400,000,000. 11
908-(B) Outlays, ¥$145,407,000,000. 12
1107+-$145,400,000,000. 11
1108+(B) Outlays, -$145,407,000,000. 12
9091109 Fiscal year 2030: 13
9101110 (A) New budget authority, 14
911-¥$149,582,000,000. 15
912-(B) Outlays, ¥$149,581,000,000. 16
1111+-$149,582,000,000. 15
1112+(B) Outlays, -$149,581,000,000. 16
9131113 Fiscal year 2031: 17
9141114 (A) New budget authority, 18
915-¥$154,014,000,000. 19
916-(B) Outlays, ¥$154,013,000,000. 20
1115+-$154,014,000,000. 19
1116+(B) Outlays, -$154,013,000,000. 20
9171117 Fiscal year 2032: 21
9181118 (A) New budget authority, 22
919-¥$160,114,000,000. 23
920-(B) Outlays, ¥$160,113,000,000. 24
921-Fiscal year 2033: 25 36
922-†HCON 14 EAS
1119+-$160,114,000,000. 23
1120+(B) Outlays, -$160,113,000,000. 24
1121+Fiscal year 2033: 25
1122+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00040 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
1123+ssavage on LAPJG3WLY3PROD with BILLS 41
1124+HCON 14 PCS
9231125 (A) New budget authority, 1
924-¥$166,102,000,000. 2
925-(B) Outlays, ¥$166,101,000,000. 3
1126+-$166,102,000,000. 2
1127+(B) Outlays, -$166,101,000,000. 3
9261128 Fiscal year 2034: 4
9271129 (A) New budget authority, 5
928-¥$171,015,000,000. 6
929-(B) Outlays, ¥$171,014,000,000. 7
930-Subtitle B—Levels and Amounts in 8
931-the Senate 9
932-SEC. 1201. SOCIAL SECURITY IN THE SENATE. 10
1130+-$171,015,000,000. 6
1131+(B) Outlays,-$171,014,000,000. 7
1132+(22) Across-the-Board Adjustment (990): 8
1133+Fiscal year 2025: 9
1134+(A) New budget authority, 10
1135+-$4,000,000. 11
1136+(B) Outlays, $0. 12
1137+Fiscal year 2026: 13
1138+(A) New budget authority, 14
1139+-$4,000,000. 15
1140+(B) Outlays, $0. 16
1141+Fiscal year 2027: 17
1142+(A) New budget authority, 18
1143+-$4,000,000. 19
1144+(B) Outlays, $0. 20
1145+Fiscal year 2028: 21
1146+(A) New budget authority, 22
1147+-$4,000,000. 23
1148+(B) Outlays, $0. 24
1149+Fiscal year 2029: 25
1150+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00041 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
1151+ssavage on LAPJG3WLY3PROD with BILLS 42
1152+HCON 14 PCS
1153+(A) New budget authority, 1
1154+-$4,000,000. 2
1155+(B) Outlays, $0. 3
1156+Fiscal year 2030: 4
1157+(A) New budget authority, 5
1158+-$4,000,000. 6
1159+(B) Outlays, $0. 7
1160+Fiscal year 2031: 8
1161+(A) New budget authority, 9
1162+-$4,000,000. 10
1163+(B) Outlays, $0. 11
1164+Fiscal year 2032: 12
1165+(A) New budget authority, 13
1166+-$4,000,000. 14
1167+(B) Outlays, $0. 15
1168+Fiscal year 2033: 16
1169+(A) New budget authority, 17
1170+-$5,000,000. 18
1171+(B) Outlays, $0. 19
1172+Fiscal year 2034: 20
1173+(A) New budget authority, 21
1174+-$5,000,000. 22
1175+(B) Outlays, $0. 23
1176+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00042 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
1177+ssavage on LAPJG3WLY3PROD with BILLS 43
1178+HCON 14 PCS
1179+TITLE II—RECONCILIATION AND 1
1180+RELATED MATTERS 2
1181+SEC. 2001. RECONCILIATION IN THE HOUSE OF REP-3
1182+RESENTATIVES. 4
9331183 (a) S
934-OCIALSECURITYREVENUES.—For purposes of 11
935-Senate enforcement under sections 302 and 311 of the Con-12
936-gressional Budget Act of 1974 (2 U.S.C. 633 and 642), the 13
937-amounts of revenues of the Federal Old-Age and Survivors 14
938-Insurance Trust Fund and the Federal Disability Insur-15
939-ance Trust Fund are as follows: 16
940-Fiscal year 2025: $1,303,924,000,000. 17
941-Fiscal year 2026: $1,363,772,000,000. 18
942-Fiscal year 2027: $1,418,548,000,000. 19
943-Fiscal year 2028: $1,471,664,000,000. 20
944-Fiscal year 2029: $1,530,214,000,000. 21
945-Fiscal year 2030: $1,591,009,000,000. 22
946-Fiscal year 2031: $1,654,023,000,000. 23
947-Fiscal year 2032: $1,717,802,000,000. 24
948-Fiscal year 2033: $1,782,045,000,000. 25 37
949-†HCON 14 EAS
950-Fiscal year 2034: $1,848,436,000,000. 1
1184+UBMISSIONS.—Not later than March 27, 2025, 5
1185+the committees named in subsection (b) and subsection 6
1186+(c) shall submit their recommendations on changes in laws 7
1187+within their jurisdictions to the Committee on the Budget 8
1188+of the House of Representatives to carry out this section. 9
1189+(b) I
1190+NSTRUCTIONS.— 10
1191+(1) C
1192+OMMITTEE ON AGRICULTURE .—The Com-11
1193+mittee on Agriculture shall submit changes in laws 12
1194+within its jurisdiction to reduce the deficit by not 13
1195+less than $230,000,000,000 for the period of fiscal 14
1196+years 2025 through 2034. 15
1197+(2) C
1198+OMMITTEE ON ARMED SERVICES .—The 16
1199+Committee on Armed Services shall submit changes 17
1200+in laws within its jurisdiction that increase the def-18
1201+icit by not more than $100,000,000,000 for the pe-19
1202+riod of fiscal years 2025 through 2034. 20
1203+(3) C
1204+OMMITTEE ON EDUCATION AND WORK -21
1205+FORCE.—The Committee on Education and Work-22
1206+force shall submit changes in laws within its juris-23
1207+diction to reduce the deficit by not less than 24
1208+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00043 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
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1210+HCON 14 PCS
1211+$330,000,000,000 for the period of fiscal years 2025 1
1212+through 2034. 2
1213+(4) C
1214+OMMITTEE ON ENERGY AND COMMERCE .— 3
1215+The Committee on Energy and Commerce shall sub-4
1216+mit changes in laws within its jurisdiction to reduce 5
1217+the deficit by not less than $880,000,000,000 for 6
1218+the period of fiscal years 2025 through 2034. 7
1219+(5) C
1220+OMMITTEE ON FINANCIAL SERVICES .—The 8
1221+Committee on Financial Services shall submit 9
1222+changes in laws within its jurisdiction to reduce the 10
1223+deficit by not less than $1,000,000,000 for the pe-11
1224+riod of fiscal years 2025 through 2034. 12
1225+(6) C
1226+OMMITTEE ON HOMELAND SECURITY .— 13
1227+The Committee on Homeland Security shall submit 14
1228+changes in laws within its jurisdiction that increase 15
1229+the deficit by not more than $90,000,000,000 for 16
1230+the period of fiscal years 2025 through 2034. 17
1231+(7) C
1232+OMMITTEE ON THE JUDICIARY .—The 18
1233+Committee on the Judiciary shall submit changes in 19
1234+laws within its jurisdiction that increase the deficit 20
1235+by not more than $110,000,000,000 for the period 21
1236+of fiscal years 2025 through 2034. 22
1237+(8) C
1238+OMMITTEE ON NATURAL RESOURCES .— 23
1239+The Committee on Natural Resources shall submit 24
1240+changes in laws within its jurisdiction to reduce the 25
1241+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00044 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
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1243+HCON 14 PCS
1244+deficit by not less than $1,000,000,000 for the pe-1
1245+riod of fiscal years 2025 through 2034. 2
1246+(9) C
1247+OMMITTEE ON OVERSIGHT AND GOVERN -3
1248+MENT REFORM.—The Committee on Oversight and 4
1249+Government Reform shall submit changes in laws 5
1250+within its jurisdiction to reduce the deficit by not 6
1251+less than $50,000,000,000 for the period of fiscal 7
1252+years 2025 through 2034. 8
1253+(10) C
1254+OMMITTEE ON TRANSPORTATION AND IN -9
1255+FRASTRUCTURE.—The Committee on Transportation 10
1256+and Infrastructure shall submit changes in laws 11
1257+within its jurisdiction to reduce the deficit by not 12
1258+less than $10,000,000,000 for the period of fiscal 13
1259+years 2025 through 2034. 14
1260+(11) C
1261+OMMITTEE ON WAYS AND MEANS .—The 15
1262+Committee on Ways and Means shall submit 16
1263+changes in laws within its jurisdiction that increase 17
1264+the deficit by not more than $4,500,000,000,000 for 18
1265+the period of fiscal years 2025 through 2034. 19
1266+(c) I
1267+NCREASE INSTATUTORYDEBTLIMIT.—The 20
1268+Committee on Ways and Means shall submit changes in 21
1269+laws within its jurisdiction that increase the statutory debt 22
1270+limit by $4,000,000,000,000. 23
1271+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00045 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
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1273+HCON 14 PCS
1274+TITLE III—RESERVE FUND AND 1
1275+DEFICIT REDUCTION ADJUST-2
1276+MENT 3
1277+SEC. 3001. RESERVE FUND FOR RECONCILIATION LEGISLA-4
1278+TION IN THE HOUSE OF REPRESENTATIVES. 5
1279+(a) I
1280+NGENERAL.—In the House of Representatives, 6
1281+the chair of the Committee on the Budget may revise the 7
1282+allocations of a committee or committees, aggregates, and 8
1283+other appropriate levels in this resolution for any bill or 9
1284+joint resolution considered pursuant to section 2001 con-10
1285+taining the recommendations of one or more committees, 11
1286+or for one or more amendments to, a conference report 12
1287+on, or an amendment between the Houses in relation to 13
1288+such a bill or joint resolution, by the amounts necessary 14
1289+to accommodate the budgetary effects of the legislation, 15
1290+if the budgetary effects of the legislation comply with the 16
1291+reconciliation instructions under this concurrent resolu-17
1292+tion. 18
1293+(b) D
1294+ETERMINATION OF COMPLIANCE.—For pur-19
1295+poses of this section, compliance with the reconciliation 20
1296+instructions under this concurrent resolution shall be de-21
1297+termined by the chair of the Committee on the Budget 22
1298+of the House of Representatives. 23
1299+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00046 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
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1301+HCON 14 PCS
1302+SEC. 3002. ADJUSTMENT FOR SPENDING CUTS OF AT LEAST 1
1303+$2 TRILLION. 2
1304+(a) A
1305+DJUSTMENT IF DEFICITREDUCTIONTARGET 3
1306+N
1307+OTACHIEVED.—If one or more committees of the House 4
1308+of Representatives submit reconciliation recommendations 5
1309+pursuant to paragraphs (1), (3), (4), (5), (8), (9), or (10) 6
1310+of section 2001(b) and such recommendations do not, in 7
1311+total, achieve at least $2,000,000,000,000 in net deficit 8
1312+reduction over the period of fiscal years 2025 through 9
1313+2034, the chair of the Committee on the Budget of the 10
1314+House shall reduce— 11
1315+(1) the $4,500,000,000,000 reconciliation in-12
1316+struction for the Committee on Ways and Means 13
1317+under section 2001(b)(11); 14
1318+(2) the allocations to the Committee on Ways 15
1319+and Means under section 302(a) of the Congres-16
1320+sional Budget and Impoundment Control Act of 17
1321+1974 (2 U.S.C. 633(a)); 18
1322+(3) the aggregates of budget authority, outlays, 19
1323+and revenues; and 20
1324+(4) any other appropriate level in this concur-21
1325+rent resolution, 22
1326+by an amount equal to the difference between 23
1327+$2,000,000,000,000 and the total dollar amount of such 24
1328+recommendations. 25
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1331+HCON 14 PCS
1332+(b) ADJUSTMENT IF DEFICITREDUCTIONTARGET 1
1333+E
1334+XCEEDED.—If one or more committees of the House of 2
1335+Representatives submit reconciliation recommendations 3
1336+pursuant to paragraphs (1), (3), (4), (5), (8), (9), or (10) 4
1337+of section 2001(b) and such recommendations, in total, 5
1338+achieve at least $2,000,000,000,000 in net deficit reduc-6
1339+tion over the period of fiscal years 2025 through 2034, 7
1340+the chair of the Committee on the Budget of the House 8
1341+shall increase the levels described in paragraphs (1) 9
1342+through (4) of subsection (a) by an amount equal to the 10
1343+difference between the total dollar amount of such rec-11
1344+ommendations and $2,000,000,000,000. 12
1345+(c) C
1346+ERTIFICATIONREQUIRED FORADJUSTMENT.— 13
1347+No adjustment may be made under subsection (a) or sub-14
1348+section (b) unless the chair of the Committee on the Budg-15
1349+et of the House, using cost estimates provided by the Con-16
1350+gressional Budget Office and the Joint Committee on Tax-17
1351+ation (as appropriate), certifies in writing that the applica-18
1352+ble reconciliation recommendations— 19
1353+(1) with respect to subsection (a), do not 20
1354+achieve net deficit reduction of at least 21
1355+$2,000,000,000,000 over the period of fiscal years 22
1356+2025 through 2034; or 23
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1359+HCON 14 PCS
1360+(2) with respect to subsection (b), achieve net 1
1361+deficit reduction of at least $2,000,000,000,000 over 2
1362+the period of such fiscal years. 3
1363+(d) R
1364+ECONCILIATIONINSTRUCTION FOR WAYS AND 4
1365+M
1366+EANS.—The dollar amount resulting from any adjust-5
1367+ment made under this section to the reconciliation instruc-6
1368+tion for the Committee on Ways and Means under para-7
1369+graph (11) of section 2001(b) shall be substituted for 8
1370+‘‘$4,500,000,000,000’’ in such section and shall be 9
1371+deemed the reconciliation instructions for such Committee 10
1372+under such section. Any recommendations on changes in 11
1373+law within the jurisdiction of the Committee shall be con-12
1374+sistent with the goals of this concurrent resolution, includ-13
1375+ing with respect to spending reduction, tax policy changes, 14
1376+reforms, or other measures deemed appropriate by the 15
1377+chair of the Committee on the Budget of the House. 16
1378+(e) C
1379+ONSISTENCYWITH THERESOLUTION.—Any 17
1380+reconciliation recommendations receiving an allocation ad-18
1381+justment under this section shall not be considered in vio-19
1382+lation of the budgetary levels established by this concur-20
1383+rent resolution. 21
1384+TITLE IV—POLICY STATEMENTS 22
1385+SEC. 4001. POLICY STATEMENT ON ECONOMIC GROWTH. 23
1386+(a) F
1387+INDINGS.—The House finds the following: 24
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1390+HCON 14 PCS
1391+(1) The rate of economic growth has a signifi-1
1392+cant impact on budget deficits. When the rate of 2
1393+gross domestic product (GDP) increases, projected 3
1394+revenue grows with it and deficits decline. Con-4
1395+versely, slower GDP growth can lead to lagging reve-5
1396+nues and mounting deficits. 6
1397+(2) Federal policies affect the economy’s poten-7
1398+tial to grow and impact economic performance, influ-8
1399+encing budgetary outcomes. Consequently, fiscally 9
1400+responsible policies that improve the economy’s long- 10
1401+term growth prospects help reduce the size of budget 11
1402+deficits over a given period. 12
1403+(3) The free market, where individuals pursue 13
1404+their own self-interests, has been responsible for 14
1405+greater advancements in quality of life and genera-15
1406+tion of wealth than any other form of economic sys-16
1407+tem. Federal policies designed to grow the economy 17
1408+should thus allow market forces to operate 18
1409+unhindered rather than pick ‘‘winners’’ and ‘‘losers’’. 19
1410+(b) P
1411+OLICY ONECONOMICGROWTH.—It is the policy 20
1412+of this concurrent resolution to pursue policies that em-21
1413+brace the free market and promote economic growth poli-22
1414+cies that— 23
1415+(1) reduce Federal spending; 24
1416+(2) expand American energy production; 25
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1419+HCON 14 PCS
1420+(3) lower taxes that discourage work, savings, 1
1421+and investment; 2
1422+(4) deregulate the economy and enact reforms 3
1423+to diminish bureaucratic red tape; and 4
1424+(5) eliminate barriers to work so more Ameri-5
1425+cans enter (or reenter) the job market. 6
1426+SEC. 4002. POLICY STATEMENT ON MANDATORY SPENDING 7
1427+REDUCTION. 8
1428+(a) F
1429+INDINGS.—The House finds the following: 9
1430+(1) The United States faces a significant debt 10
1431+crisis, with the national debt currently exceeding 11
1432+$36 trillion, or 123 percent of GDP. 12
1433+(2) Since 2019, mandatory spending has in-13
1434+creased by 59 percent. 14
1435+(3) This debt poses a significant risk to the 15
1436+country’s long-term fiscal sustainability, with impli-16
1437+cations for future generations. 17
1438+(4) Mandatory spending currently accounts for 18
1439+over 70 percent of the entire Federal budget. 19
1440+(5) The deficit for fiscal year 2025 is projected 20
1441+to be $1.9 trillion, or 6.2 percent of GDP. 21
1442+(6) This fiscal year, net interest will total $952 22
1443+billion, or 3.2 percent of GDP. 23
1444+(b) P
1445+OLICY ONMANDATORYSPENDINGREDUC-24
1446+TION.—It is the goal of this concurrent resolution to re-25
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1449+HCON 14 PCS
1450+duce mandatory spending by $2 trillion over the budget 1
1451+window. If the combined deficit reduction provided by au-2
1452+thorizing committees is below this target, it is the policy 3
1453+of the Committee on the Budget of the House that the 4
1454+instruction provided to the Committee on Ways and Means 5
1455+of the House should be reduced by a commensurate 6
1456+amount to offset the difference. 7
1457+SEC. 4003. POLICY STATEMENT ON GOVERNMENT DEREGU-8
1458+LATION. 9
1459+(a) F
1460+INDINGS.—The House finds the following: 10
1461+(1) Regulations throughout the Federal Govern-11
1462+ment have been a major issue for decades, continu-12
1463+ously growing while negatively impacting the na-13
1464+tion’s economic and fiscal standing. 14
1465+(2) Overregulation has consistently hurt small 15
1466+businesses, strangled domestic energy production, 16
1467+weakened labor market conditions, and expanded 17
1468+government overreach and costs on taxpayers. 18
1469+(3) Real (inflation-adjusted) spending on regu-19
1470+latory agencies has increased exponentially since 20
1471+1960. The total number of pages in the Code of 21
1472+Federal Regulations (CFR) has increased from 22
1473+22,877 pages in 1960 to nearly 200,000 today. 23
1474+When compared to 1950, the CFR contained only 24
1475+VerDate Sep 11 2014 00:07 Apr 03, 2025 Jkt 059200 PO 00000 Frm 00052 Fmt 6652 Sfmt 6201 E:\BILLS\HC14.PCS HC14
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1477+HCON 14 PCS
1478+9,745 pages in 1950, making the size of the CFR 1
1479+today 95% larger than it was in 1950. 2
1480+(b) P
1481+OLICYSTATEMENT ONGOVERNMENTDEREGU-3
1482+LATION.—It is the policy of this concurrent resolution— 4
1483+(1) that Congress continues to examine ways to 5
1484+relieve the burdens of overregulation throughout the 6
1485+Federal Government; 7
1486+(2) that Congress is ready to promote initiatives 8
1487+that will reduce government bureaucracy, enhance 9
1488+Federalism, and increase economic prosperity 10
1489+through deregulation; 11
1490+(3) to not only reduce burdensome, costly regu-12
1491+lations, but to also reassert the role of Congress; and 13
1492+(4) to enact legislation through reconciliation 14
1493+that strengthens Congress, scales back Federal regu-15
1494+lations, limits future bureaucratic red tape, and 16
1495+unleashes economic growth, such as the Regulations 17
1496+from the Executive in Need of Scrutiny (REINS) 18
1497+Act. 19
1498+TITLE V—OTHER MATTERS 20
1499+SEC. 5001. ENFORCEMENT FILING IN THE HOUSE OF REP-21
1500+RESENTATIVES. 22
1501+In the House of Representatives, if a concurrent reso-23
1502+lution on the budget for fiscal year 2025 is adopted with-24
1503+out the appointment of a committee of conference on the 25
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1506+HCON 14 PCS
1507+disagreeing votes of the two Houses with respect to this 1
1508+concurrent resolution on the budget, for the purpose of 2
1509+enforcing the Congressional Budget Act of 1974 (2 U.S.C. 3
1510+621 et seq.) and applicable rules and requirements set 4
1511+forth in the concurrent resolution on the budget, the allo-5
1512+cations provided for in this section shall apply in the 6
1513+House of Representatives in the same manner as if such 7
1514+allocations were in a joint explanatory statement accom-8
1515+panying a conference report on the budget for fiscal year 9
1516+2025. The chair of the Committee on the Budget of the 10
1517+House of Representatives shall submit a statement for 11
1518+publication in the Congressional Record containing— 12
1519+(1) for the Committee on Appropriations, com-13
1520+mittee allocations for fiscal year 2025 consistent 14
1521+with title I for the purpose of enforcing section 302 15
1522+of the Congressional Budget Act of 1974 (2 U.S.C. 16
1523+633); and 17
1524+(2) for all committees other than the Com-18
1525+mittee on Appropriations, committee allocations con-19
1526+sistent with title I for fiscal year 2025 and for the 20
1527+period of fiscal years 2025 through 2034 for the 21
1528+purpose of enforcing section 302 of the Congres-22
1529+sional Budget Act of 1974 (2 U.S.C. 633). 23
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1532+HCON 14 PCS
1533+SEC. 5002. BUDGETARY TREATMENT OF ADMINISTRATIVE 1
1534+EXPENSES IN THE HOUSE OF REPRESENTA-2
1535+TIVES. 3
1536+(a) I
1537+NGENERAL.—In the House of Representatives, 4
1538+notwithstanding section 302(a)(1) of the Congressional 5
1539+Budget Act of 1974 (2 U.S.C. 633(a)(1)), section 13301 6
1540+of the Budget Enforcement Act of 1990 (2 U.S.C. 632 7
1541+note), and section 2009a of title 39, United States Code, 8
1542+the report or the joint explanatory statement accom-9
1543+panying this concurrent resolution on the budget or the 10
1544+statement filed pursuant to section 5001, as applicable, 11
1545+shall include in an allocation under section 302(a) of the 12
1546+Congressional Budget Act of 1974 (2 U.S.C. 633(a)) to 13
1547+the Committee on Appropriations of the House of Rep-14
1548+resentatives amounts for the discretionary administrative 15
1549+expenses of the Social Security Administration and the 16
1550+United States Postal Service. 17
9511551 (b) S
952-OCIALSECURITYOUTLAYS.—For purposes of 2
953-Senate enforcement under sections 302 and 311 of the Con-3
954-gressional Budget Act of 1974 (2 U.S.C. 633 and 642), the 4
955-amounts of outlays of the Federal Old-Age and Survivors 5
956-Insurance Trust Fund and the Federal Disability Insur-6
957-ance Trust Fund are as follows: 7
958-Fiscal year 2025: $1,413,704,000,000. 8
959-Fiscal year 2026: $1,496,321,000,000. 9
960-Fiscal year 2027: $1,585,393,000,000. 10
961-Fiscal year 2028: $1,686,625,000,000. 11
962-Fiscal year 2029: $1,786,673,000,000. 12
963-Fiscal year 2030: $1,890,273,000,000. 13
964-Fiscal year 2031: $1,998,509,000,000. 14
965-Fiscal year 2032: $2,111,591,000,000. 15
966-Fiscal year 2033: $2,224,104,000,000. 16
967-Fiscal year 2034: $2,324,902,000,000. 17
968-(c) S
969-OCIALSECURITYADMINISTRATIVEEXPENSES.— 18
970-In the Senate, the amounts of new budget authority and 19
971-budget outlays of the Federal Old-Age and Survivors Insur-20
972-ance Trust Fund and the Federal Disability Insurance 21
973-Trust Fund for administrative expenses are as follows: 22
974-Fiscal year 2025: 23
975-(A) New budget authority, $6,400,000,000. 24
976-(B) Outlays, $6,332,000,000. 25 38
977-†HCON 14 EAS
978-Fiscal year 2026: 1
979-(A) New budget authority, $6,268,000,000. 2
980-(B) Outlays, $6,287,000,000. 3
981-Fiscal year 2027: 4
982-(A) New budget authority, $6,455,000,000. 5
983-(B) Outlays, $6,422,000,000. 6
984-Fiscal year 2028: 7
985-(A) New budget authority, $6,644,000,000. 8
986-(B) Outlays, $6,584,000,000. 9
987-Fiscal year 2029: 10
988-(A) New budget authority, $6,832,000,000. 11
989-(B) Outlays, $6,765,000,000. 12
990-Fiscal year 2030: 13
991-(A) New budget authority, $7,033,000,000. 14
992-(B) Outlays, $6,963,000,000. 15
993-Fiscal year 2031: 16
994-(A) New budget authority, $7,233,000,000. 17
995-(B) Outlays, $7,162,000,000. 18
996-Fiscal year 2032: 19
997-(A) New budget authority, $7,437,000,000. 20
998-(B) Outlays, $7,365,000,000. 21
999-Fiscal year 2033: 22
1000-(A) New budget authority, $7,651,000,000. 23
1001-(B) Outlays, $7,576,000,000. 24
1002-Fiscal year 2034: 25 39
1003-†HCON 14 EAS
1004-(A) New budget authority, $7,869,000,000. 1
1005-(B) Outlays, $7,792,000,000. 2
1006-SEC. 1202. POSTAL SERVICE DISCRETIONARY ADMINISTRA-3
1007-TIVE EXPENSES IN THE SENATE. 4
1008-In the Senate, the amounts of new budget authority 5
1009-and budget outlays of the Postal Service for discretionary 6
1010-administrative expenses are as follows: 7
1011-Fiscal year 2025: 8
1012-(A) New budget authority, $268,000,000. 9
1013-(B) Outlays, $268,000,000. 10
1014-Fiscal year 2026: 11
1015-(A) New budget authority, $279,000,000. 12
1016-(B) Outlays, $279,000,000. 13
1017-Fiscal year 2027: 14
1018-(A) New budget authority, $289,000,000. 15
1019-(B) Outlays, $289,000,000. 16
1020-Fiscal year 2028: 17
1021-(A) New budget authority, $299,000,000. 18
1022-(B) Outlays, $299,000,000. 19
1023-Fiscal year 2029: 20
1024-(A) New budget authority, $309,000,000. 21
1025-(B) Outlays, $309,000,000. 22
1026-Fiscal year 2030: 23
1027-(A) New budget authority, $319,000,000. 24
1028-(B) Outlays, $319,000,000. 25 40
1029-†HCON 14 EAS
1030-Fiscal year 2031: 1
1031-(A) New budget authority, $330,000,000. 2
1032-(B) Outlays, $330,000,000. 3
1033-Fiscal year 2032: 4
1034-(A) New budget authority, $341,000,000. 5
1035-(B) Outlays, $341,000,000. 6
1036-Fiscal year 2033: 7
1037-(A) New budget authority, $352,000,000. 8
1038-(B) Outlays, $352,000,000. 9
1039-Fiscal year 2034: 10
1040-(A) New budget authority, $364,000,000. 11
1041-(B) Outlays, $364,000,000. 12
1042-TITLE II—RECONCILIATION 13
1043-SEC. 2001. RECONCILIATION IN THE HOUSE OF REPRESENT-14
1044-ATIVES. 15
1045-(a) S
1046-UBMISSIONS.—In the House of Representatives, 16
1047-not later than May 9, 2025, the committees named in sub-17
1048-section (b) and subsection (c) shall submit their rec-18
1049-ommendations on changes in laws within their jurisdictions 19
1050-to the Committee on the Budget of the House of Representa-20
1051-tives to carry out this section. 21
1052-(b) I
1053-NSTRUCTIONS.— 22
1054-(1) C
1055-OMMITTEE ON AGRICULTURE .—The Com-23
1056-mittee on Agriculture shall submit changes in laws 24
1057-within its jurisdiction to reduce the deficit by not less 25 41
1058-†HCON 14 EAS
1059-than $230,000,000,000 for the period of fiscal years 1
1060-2025 through 2034. 2
1061-(2) C
1062-OMMITTEE ON ARMED SERVICES .—The 3
1063-Committee on Armed Services shall submit changes in 4
1064-laws within its jurisdiction that increase the deficit 5
1065-by not more than $100,000,000,000 for the period of 6
1066-fiscal years 2025 through 2034. 7
1067-(3) C
1068-OMMITTEE ON EDUCATION AND WORK -8
1069-FORCE.—The Committee on Education and Workforce 9
1070-shall submit changes in laws within its jurisdiction 10
1071-to reduce the deficit by not less than $330,000,000,000 11
1072-for the period of fiscal years 2025 through 2034. 12
1073-(4) C
1074-OMMITTEE ON ENERGY AND COMMERCE .— 13
1075-The Committee on Energy and Commerce shall sub-14
1076-mit changes in laws within its jurisdiction to reduce 15
1077-the deficit by not less than $880,000,000,000 for the 16
1078-period of fiscal years 2025 through 2034. 17
1079-(5) C
1080-OMMITTEE ON FINANCIAL SERVICES .—The 18
1081-Committee on Financial Services shall submit 19
1082-changes in laws within its jurisdiction to reduce the 20
1083-deficit by not less than $1,000,000,000 for the period 21
1084-of fiscal years 2025 through 2034. 22
1085-(6) C
1086-OMMITTEE ON HOMELAND SECURITY .—The 23
1087-Committee on Homeland Security shall submit 24
1088-changes in laws within its jurisdiction that increase 25 42
1089-†HCON 14 EAS
1090-the deficit by not more than $90,000,000,000 for the 1
1091-period of fiscal years 2025 through 2034. 2
1092-(7) C
1093-OMMITTEE ON THE JUDICIARY .—The Com-3
1094-mittee on the Judiciary shall submit changes in laws 4
1095-within its jurisdiction that increase the deficit by not 5
1096-more than $110,000,000,000 for the period of fiscal 6
1097-years 2025 through 2034. 7
1098-(8) C
1099-OMMITTEE ON NATURAL RESOURCES .—The 8
1100-Committee on Natural Resources shall submit changes 9
1101-in laws within its jurisdiction to reduce the deficit by 10
1102-not less than $1,000,000,000 for the period of fiscal 11
1103-years 2025 through 2034. 12
1104-(9) C
1105-OMMITTEE ON OVERSIGHT AND GOVERN -13
1106-MENT REFORM.—The Committee on Oversight and 14
1107-Government Reform shall submit changes in laws 15
1108-within its jurisdiction to reduce the deficit by not less 16
1109-than $50,000,000,000 for the period of fiscal years 17
1110-2025 through 2034. 18
1111-(10) C
1112-OMMITTEE ON TRANSPORTATION AND IN -19
1113-FRASTRUCTURE.—The Committee on Transportation 20
1114-and Infrastructure shall submit changes in laws with-21
1115-in its jurisdiction to reduce the deficit by not less 22
1116-than $10,000,000,000 for the period of fiscal years 23
1117-2025 through 2034. 24 43
1118-†HCON 14 EAS
1119-(11) COMMITTEE ON WAYS AND MEANS .—The 1
1120-Committee on Ways and Means shall submit changes 2
1121-in laws within its jurisdiction that increase the def-3
1122-icit by not more than $4,500,000,000,000 for the pe-4
1123-riod of fiscal years 2025 through 2034. 5
1124-(c) I
1125-NCREASE INSTATUTORYDEBTLIMIT.—The Com-6
1126-mittee on Ways and Means shall submit changes in laws 7
1127-within its jurisdiction that increase the statutory debt limit 8
1128-by $4,000,000,000,000. 9
1129-SEC. 2002. RECONCILIATION IN THE SENATE. 10
1130-(a) I
1131-NGENERAL.— 11
1132-(1) S
1133-UBMISSIONS.—In the Senate, not later than 12
1134-May 9, 2025, the committees named in paragraph (2) 13
1135-shall submit their recommendations to the Committee 14
1136-on the Budget of the Senate. Upon receiving all such 15
1137-recommendations, the Committee on the Budget of the 16
1138-Senate shall report to the Senate a reconciliation bill 17
1139-carrying out all such recommendations without any 18
1140-substantive revision. 19
1141-(2) I
1142-NSTRUCTIONS.— 20
1143-(A) C
1144-OMMITTEE ON AGRICULTURE , NUTRI-21
1145-TION, AND FORESTRY.—The Committee on Agri-22
1146-culture, Nutrition, and Forestry of the Senate 23
1147-shall report changes in laws within its jurisdic-24
1148-tion that reduce the deficit by not less than 25 44
1149-†HCON 14 EAS
1150-$1,000,000,000 for the period of fiscal years 2025 1
1151-through 2034. 2
1152-(B) C
1153-OMMITTEE ON ARMED SERVICES .—The 3
1154-Committee on Armed Services of the Senate shall 4
1155-report changes in laws within its jurisdiction 5
1156-that increase the deficit by not more than 6
1157-$150,000,000,000 for the period of fiscal years 7
1158-2025 through 2034. 8
1159-(C) C
1160-OMMITTEE ON BANKING , HOUSING, 9
1161-AND URBAN AFFAIRS.—The Committee on Bank-10
1162-ing, Housing, and Urban Affairs of the Senate 11
1163-shall report changes in laws within its jurisdic-12
1164-tion that reduce the deficit by not less than 13
1165-$1,000,000,000 for the period of fiscal years 2025 14
1166-through 2034. 15
1167-(D) C
1168-OMMITTEE ON COMMERCE , SCIENCE, 16
1169-AND TRANSPORTATION.—The Committee on Com-17
1170-merce, Science, and Transportation of the Senate 18
1171-shall report changes in laws within its jurisdic-19
1172-tion that increase the deficit by not more than 20
1173-$20,000,000,000 for the period of fiscal years 21
1174-2025 through 2034. 22
1175-(E) C
1176-OMMITTEE ON ENERGY AND NATURAL 23
1177-RESOURCES.—The Committee on Energy and 24
1178-Natural Resources of the Senate shall report 25 45
1179-†HCON 14 EAS
1180-changes in laws within its jurisdiction that re-1
1181-duce the deficit by not less than $1,000,000,000 2
1182-for the period of fiscal years 2025 through 2034. 3
1183-(F) C
1184-OMMITTEE ON ENVIRONMENT AND 4
1185-PUBLIC WORKS.—The Committee on Environ-5
1186-ment and Public Works of the Senate shall re-6
1187-port changes in laws within its jurisdiction that 7
1188-increase the deficit by not more than 8
1189-$1,000,000,000 for the period of fiscal years 2025 9
1190-through 2034. 10
1191-(G) C
1192-OMMITTEE ON FINANCE .—The Com-11
1193-mittee on Finance of the Senate shall report 12
1194-changes in laws within its jurisdiction that in-13
1195-crease the deficit by not more than 14
1196-$1,500,000,000,000 for the period of fiscal years 15
1197-2025 through 2034. 16
1198-(H) C
1199-OMMITTEE ON HEALTH , EDUCATION, 17
1200-LABOR, AND PENSIONS.—The Committee on 18
1201-Health, Education, Labor, and Pensions of the 19
1202-Senate shall report changes in laws within its 20
1203-jurisdiction that reduce the deficit by not less 21
1204-than $1,000,000,000 for the period of fiscal years 22
1205-2025 through 2034. 23
1206-(I) C
1207-OMMITTEE ON HOMELAND SECURITY 24
1208-AND GOVERNMENTAL AFFAIRS .—The Committee 25 46
1209-†HCON 14 EAS
1210-on Homeland Security and Governmental Af-1
1211-fairs of the Senate shall report changes in laws 2
1212-within its jurisdiction that increase the deficit 3
1213-by not more than $175,000,000,000 for the pe-4
1214-riod of fiscal years 2025 through 2034. 5
1215-(J) C
1216-OMMITTEE ON THE JUDICIARY .—The 6
1217-Committee on the Judiciary of the Senate shall 7
1218-report changes in laws within its jurisdiction 8
1219-that increase the deficit by not more than 9
1220-$175,000,000,000 for the period of fiscal years 10
1221-2025 through 2034. 11
1222-(b) I
1223-NCREASE INSTATUTORYDEBTLIMIT.—In the 12
1224-Senate, not later than May 16, 2025, the Committee on Fi-13
1225-nance of the Senate shall report changes in laws within its 14
1226-jurisdiction that increase the statutory debt limit by not 15
1227-more than $5,000,000,000,000. 16
1228-TITLE III—RESERVE FUNDS 17
1229-SEC. 3001. RESERVE FUND FOR RECONCILIATION LEGISLA-18
1230-TION. 19
1231-(a) H
1232-OUSE OFREPRESENTATIVES.— 20
1233-(1) I
1234-N GENERAL.—In the House of Representa-21
1235-tives, the chair of the Committee on the Budget may 22
1236-revise the allocations of a committee or committees, 23
1237-aggregates, and other appropriate levels in this reso-24
1238-lution for any bill or joint resolution considered pur-25 47
1239-†HCON 14 EAS
1240-suant to section 2001 containing the recommenda-1
1241-tions of one or more committees, or for one or more 2
1242-amendments to, a conference report on, or an amend-3
1243-ment between the Houses in relation to such a bill or 4
1244-joint resolution, by the amounts necessary to accom-5
1245-modate the budgetary effects of the legislation, if the 6
1246-budgetary effects of the legislation comply with the 7
1247-reconciliation instructions under this concurrent reso-8
1248-lution. 9
1249-(2) D
1250-ETERMINATION OF COMPLIANCE .—For pur-10
1251-poses of this subsection, compliance with the reconcili-11
1252-ation instructions under this concurrent resolution 12
1253-shall be determined by the chair of the Committee on 13
1254-the Budget of the House of Representatives. 14
1255-(b) S
1256-ENATE.— 15
1257-(1) I
1258-N GENERAL.—In the Senate, the Chairman 16
1259-of the Committee on the Budget of the Senate may re-17
1260-vise the allocations of a committee or committees, ag-18
1261-gregates, and other appropriate levels in this resolu-19
1262-tion, and make adjustments to the pay-as-you-go ledg-20
1263-er, for any bill or joint resolution considered pursu-21
1264-ant to section 2002 containing the recommendations 22
1265-of one or more committees, or for one or more amend-23
1266-ments to, a conference report on, or an amendment 24
1267-between the Houses in relation to such a bill or joint 25 48
1268-†HCON 14 EAS
1269-resolution, by the amounts necessary to accommodate 1
1270-the budgetary effects of the legislation, if the budg-2
1271-etary effects of the legislation comply with the rec-3
1272-onciliation instructions under this concurrent resolu-4
1273-tion. 5
1274-(2) D
1275-ETERMINATION OF COMPLIANCE .—For pur-6
1276-poses of this section, compliance with the reconcili-7
1277-ation instructions under this concurrent resolution 8
1278-shall be determined by the Chairman of the Com-9
1279-mittee on the Budget of the Senate. 10
1280-(3) E
1281-XCEPTIONS FOR LEGISLATION.— 11
1282-(A) S
1283-HORT-TERM.—Section 404 of S. Con. 12
1284-Res. 13 (111th Congress), the concurrent resolu-13
1285-tion on the budget for fiscal year 2010, as 14
1286-amended by section 3201(b)(2) of S. Con. Res. 11 15
1287-(114th Congress), the concurrent resolution on 16
1288-the budget for fiscal year 2016, shall not apply 17
1289-to legislation for which the Chairman of the 18
1290-Committee on the Budget of the Senate has exer-19
1291-cised the authority under paragraph (1). 20
1292-(B) L
1293-ONG-TERM.—Section 3101 of S. Con. 21
1294-Res. 11 (114th Congress), the concurrent resolu-22
1295-tion on the budget for fiscal year 2016, shall not 23
1296-apply to legislation for which the Chairman of 24 49
1297-†HCON 14 EAS
1298-the Committee on the Budget of the Senate has 1
1299-exercised the authority under paragraph (1). 2
1300-SEC. 3002. DEFICIT-NEUTRAL RESERVE FUND RELATING TO 3
1301-GOVERNMENT DEREGULATION. 4
1302-The Chairman of the Committee on the Budget of the 5
1303-Senate may revise the allocations of a committee or commit-6
1304-tees, aggregates, and other appropriate levels in this resolu-7
1305-tion, and make adjustments to the pay-as-you-go ledger, for 8
1306-one or more bills, joint resolutions, amendments, amend-9
1307-ments between the Houses, motions, or conference reports 10
1308-relating to reducing burdensome and costly Federal Govern-11
1309-ment regulations by passing legislation focused on govern-12
1310-ment deregulation that will decrease new spending arising 13
1311-from such regulations and reassert the proper constitutional 14
1312-role of Congress in the law-making process by the amounts 15
1313-provided in such legislation for those purposes, provided 16
1314-that such legislation would not increase the deficit over ei-17
1315-ther the period of the total of fiscal years 2025 through 2029 18
1316-or the period of the total of fiscal years 2025 through 2034. 19
1317-SEC. 3003. SPENDING REDUCTION RESERVE FUND TO SAVE 20
1318-MORE THAN $2,000,000,000,000. 21
1319-The Chairman of the Committee on the Budget of the 22
1320-Senate may revise the allocations of a committee or commit-23
1321-tees, aggregates, and other appropriate levels in this resolu-24
1322-tion for one or more bills, joint resolutions, amendments, 25 50
1323-†HCON 14 EAS
1324-amendments between the Houses, motions, or conference re-1
1325-ports relating to spending reforms that will— 2
1326-(1) scrutinize line item expenditures, especially 3
1327-non-defense spending that did not exist prior to or 4
1328-has grown significantly since the start of the COVID– 5
1329-19 pandemic; 6
1330-(2) fulfill the President’s promise to protect the 7
1331-old-age, survivors, and disability insurance benefits 8
1332-program under title II of the Social Security Act (42 9
1333-U.S.C. 401 et seq.), the Medicare program under title 10
1334-XVIII of the Social Security Act (42 U.S.C. 1395 et 11
1335-seq.), or the Medicaid program under title XIX of the 12
1336-Social Security Act (42 U.S.C. 1396 et seq.), includ-13
1337-ing from waste, fraud, and abuse; and 14
1338-(3) include policy changes that reduce the deficit 15
1339-through reconciliation, executive action, or rescissions 16
1340-by Congress and the President by more than 17
1341-$2,000,000,000,000 over 10 years, 18
1342-by the amounts provided in such legislation for those pur-19
1343-poses, provided that such legislation would reduce outlays 20
1344-and the deficit over the period of the total of fiscal years 21
1345-2025 through 2034. 22 51
1346-†HCON 14 EAS
1347-SEC. 3004. SPENDING-NEUTRAL RESERVE FUND RELATED 1
1348-TO CURRENT TAX POLICY BASELINE. 2
1349-The Chairman of the Committee on the Budget of the 3
1350-Senate may revise the allocations of a committee or commit-4
1351-tees, aggregates, and other appropriate levels in this resolu-5
1352-tion for one or more bills, joint resolutions, amendments, 6
1353-amendments between the Houses, motions, or conference re-7
1354-ports relating to using more realistic assumptions regard-8
1355-ing current tax policy, which may include extending provi-9
1356-sions under Public Law 115–97 (131 Stat. 2054) (com-10
1357-monly known as the ‘‘Tax Cuts and Jobs Act of 2017’’) in 11
1358-the baseline in order to prevent massive tax increases on 12
1359-working families and small businesses, and to align treat-13
1360-ment of tax policy with major Federal spending programs, 14
1361-without raising revenue, by the amounts provided in such 15
1362-legislation for those purposes, provided that such legislation 16
1363-would not increase the deficit over the period of the total 17
1364-of fiscal years 2025 through 2034. 18
1365-SEC. 3005. DEFICIT-NEUTRAL RESERVE FUND RELATING TO 19
1366-PROTECTING MEDICARE AND MEDICAID. 20
1367-The Chairman of the Committee on the Budget of the 21
1368-Senate may revise the allocations of a committee or commit-22
1369-tees, aggregates, and other appropriate levels in this resolu-23
1370-tion, and make adjustments to the pay-as-you-go ledger, for 24
1371-one or more bills, joint resolutions, amendments, amend-25
1372-ments between the Houses, motions, or conference reports 26 52
1373-†HCON 14 EAS
1374-relating to protecting the Medicaid program under title 1
1375-XIX of the Social Security Act (42 U.S.C. 1396 et seq.), 2
1376-which may include strengthening and improving Medicaid 3
1377-for the most vulnerable populations, and extending the life 4
1378-of the Federal Hospital Insurance Trust Fund, by the 5
1379-amounts provided in such legislation for those purposes, 6
1380-provided that such legislation would not increase the deficit 7
1381-over the period of the total of fiscal years 2025 through 8
1382-2034. 9
1383-TITLE IV—OTHER MATTERS 10
1384-SEC. 4001. ADJUSTMENT FOR SPENDING CUTS OF AT LEAST 11
1385-$2 TRILLION. 12
1386-(a) A
1387-DJUSTMENT IF DEFICITREDUCTIONTARGET 13
1388-N
1389-OTACHIEVED.—In the House of Representatives, if one 14
1390-or more committees of the House of Representatives submit 15
1391-reconciliation recommendations pursuant to paragraphs 16
1392-(1), (3), (4), (5), (8), (9), or (10) of section 2001(b) and 17
1393-such recommendations do not, in total, achieve at least 18
1394-$2,000,000,000,000 in net deficit reduction over the period 19
1395-of fiscal years 2025 through 2034, the chair of the Com-20
1396-mittee on the Budget of the House shall reduce— 21
1397-(1) the $4,500,000,000,000 reconciliation in-22
1398-struction for the Committee on Ways and Means 23
1399-under section 2001(b)(11); 24 53
1400-†HCON 14 EAS
1401-(2) the allocations to the Committee on Ways 1
1402-and Means under section 302(a) of the Congressional 2
1403-Budget and Impoundment Control Act of 1974 (2 3
1404-U.S.C. 633(a)); 4
1405-(3) the aggregates of budget authority, outlays, 5
1406-and revenues; and 6
1407-(4) any other appropriate level in this concur-7
1408-rent resolution, 8
1409-by an amount equal to the difference between 9
1410-$2,000,000,000,000 and the total dollar amount of such rec-10
1411-ommendations. 11
1412-(b) A
1413-DJUSTMENT IFDEFICITREDUCTIONTARGETEX-12
1414-CEEDED.—In the House of Representatives, if one or more 13
1415-committees of the House of Representatives submit reconcili-14
1416-ation recommendations pursuant to paragraphs (1), (3), 15
1417-(4), (5), (8), (9), or (10) of section 2001(b) and such rec-16
1418-ommendations, in total, achieve at least $2,000,000,000,000 17
1419-in net deficit reduction over the period of fiscal years 2025 18
1420-through 2034, the chair of the Committee on the Budget 19
1421-of the House shall increase the levels described in para-20
1422-graphs (1) through (4) of subsection (a) by an amount equal 21
1423-to the difference between the total dollar amount of such 22
1424-recommendations and $2,000,000,000,000. 23
1425-(c) C
1426-ERTIFICATIONREQUIRED FORADJUSTMENT.—No 24
1427-adjustment may be made under subsection (a) or subsection 25 54
1428-†HCON 14 EAS
1429-(b) unless the chair of the Committee on the Budget of the 1
1430-House, using cost estimates provided by the Congressional 2
1431-Budget Office and the Joint Committee on Taxation (as ap-3
1432-propriate), certifies in writing that the applicable reconcili-4
1433-ation recommendations— 5
1434-(1) with respect to subsection (a), do not achieve 6
1435-net deficit reduction of at least $2,000,000,000,000 7
1436-over the period of fiscal years 2025 through 2034; or 8
1437-(2) with respect to subsection (b), achieve net def-9
1438-icit reduction of at least $2,000,000,000,000 over the 10
1439-period of such fiscal years. 11
1440-(d) R
1441-ECONCILIATIONINSTRUCTION FOR WAYS AND 12
1442-M
1443-EANS.—In the House of Representatives, the dollar 13
1444-amount resulting from any adjustment made under this sec-14
1445-tion to the reconciliation instruction for the Committee on 15
1446-Ways and Means under paragraph (11) of section 2001(b) 16
1447-shall be substituted for ‘‘$4,500,000,000,000’’ in such section 17
1448-and shall be deemed the reconciliation instructions for such 18
1449-Committee under such section. Any recommendations on 19
1450-changes in law within the jurisdiction of the Committee 20
1451-shall be consistent with the goals of this concurrent resolu-21
1452-tion, including with respect to spending reduction, tax pol-22
1453-icy changes, reforms, or other measures deemed appropriate 23
1454-by the chair of the Committee on the Budget of the House. 24 55
1455-†HCON 14 EAS
1456-(e) CONSISTENCYWITH THERESOLUTION.—Any rec-1
1457-onciliation recommendations receiving an allocation ad-2
1458-justment under this section shall not be considered in viola-3
1459-tion of the budgetary levels established by this concurrent 4
1460-resolution. 5
1461-SEC. 4002. ENFORCEMENT FILING. 6
1462-(a) I
1463-N THEHOUSE OFREPRESENTATIVES.—In the 7
1464-House of Representatives, if a concurrent resolution on the 8
1465-budget for fiscal year 2025 is adopted without the appoint-9
1466-ment of a committee of conference on the disagreeing votes 10
1467-of the two Houses with respect to this concurrent resolution 11
1468-on the budget, for the purpose of enforcing the Congressional 12
1469-Budget Act of 1974 (2 U.S.C. 621 et seq.) and applicable 13
1470-rules and requirements set forth in the concurrent resolution 14
1471-on the budget, the allocations provided for in this subsection 15
1472-shall apply in the House of Representatives in the same 16
1473-manner as if such allocations were in a joint explanatory 17
1474-statement accompanying a conference report on the budget 18
1475-for fiscal year 2025. The chair of the Committee on the 19
1476-Budget of the House of Representatives shall submit a state-20
1477-ment for publication in the Congressional Record con-21
1478-taining— 22
1479-(1) for the Committee on Appropriations, com-23
1480-mittee allocations for fiscal year 2025 consistent with 24 56
1481-†HCON 14 EAS
1482-title I for the purpose of enforcing section 302 of the 1
1483-Congressional Budget Act of 1974 (2 U.S.C. 633); and 2
1484-(2) for all committees other than the Committee 3
1485-on Appropriations, committee allocations consistent 4
1486-with title I for fiscal year 2025 and for the period of 5
1487-fiscal years 2025 through 2034 for the purpose of en-6
1488-forcing section 302 of the Congressional Budget Act of 7
1489-1974 (2 U.S.C. 633). 8
1490-(b) I
1491-N THESENATE.—If this concurrent resolution on 9
1492-the budget is agreed to by the Senate and House of Rep-10
1493-resentatives without the appointment of a committee of con-11
1494-ference on the disagreeing votes of the two Houses, the 12
1495-Chairman of the Committee on the Budget of the Senate 13
1496-may submit a statement for publication in the Congres-14
1497-sional Record containing— 15
1498-(1) for the Committee on Appropriations, com-16
1499-mittee allocations for fiscal year 2025 consistent with 17
1500-the levels in title I for the purpose of enforcing section 18
1501-302 of the Congressional Budget Act of 1974 (2 19
1502-U.S.C. 633); and 20
1503-(2) for all committees other than the Committee 21
1504-on Appropriations, committee allocations for fiscal 22
1505-years 2025, 2025 through 2029, and 2025 through 23
1506-2034 consistent with the levels in title I for the pur-24 57
1507-†HCON 14 EAS
1508-pose of enforcing section 302 of the Congressional 1
1509-Budget Act of 1974 (2 U.S.C. 633). 2
1510-SEC. 4003. BUDGETARY TREATMENT OF ADMINISTRATIVE 3
1511-EXPENSES. 4
1512-(a) S
1513-ENATE.— 5
1514-(1) I
1515-N GENERAL.—In the Senate, notwith-6
1516-standing section 302(a)(1) of the Congressional Budg-7
1517-et Act of 1974 (2 U.S.C. 633(a)(1)), section 13301 of 8
1518-the Budget Enforcement Act of 1990 (2 U.S.C. 632 9
1519-note), and section 2009a of title 39, United States 10
1520-Code, the report or the joint explanatory statement 11
1521-accompanying this concurrent resolution on the budg-12
1522-et or the statement filed pursuant to section 4002(b), 13
1523-as applicable, shall include in an allocation under 14
1524-section 302(a) of the Congressional Budget Act of 15
1525-1974 (2 U.S.C. 633(a)) to the Committee on Appro-16
1526-priations of the Senate of amounts for the discre-17
1527-tionary administrative expenses of the Social Secu-18
1528-rity Administration and the United States Postal 19
1529-Service. 20
1530-(2) S
1531-PECIAL RULE.—In the Senate, for purposes 21
1532-of enforcing section 302(f) of the Congressional Budg-22
1533-et Act of 1974 (2 U.S.C. 633(f)), estimates of the level 23
1534-of total new budget authority and total outlays pro-24 58
1535-†HCON 14 EAS
1536-vided by a measure shall include any discretionary 1
1537-amounts described in paragraph (1). 2
1538-(b) H
1539-OUSE OFREPRESENTATIVES.— 3
1540-(1) I
1541-N GENERAL.—In the House of Representa-4
1542-tives, notwithstanding section 302(a)(1) of the Con-5
1543-gressional Budget Act of 1974 (2 U.S.C. 633(a)(1)), 6
1544-section 13301 of the Budget Enforcement Act of 1990 7
1545-(2 U.S.C. 632 note), and section 2009a of title 39, 8
1546-United States Code, the report or the joint explana-9
1547-tory statement accompanying this concurrent resolu-10
1548-tion on the budget or the statement filed pursuant to 11
1549-section 4002(a), as applicable, shall include in an al-12
1550-location under section 302(a) of the Congressional 13
1551-Budget Act of 1974 (2 U.S.C. 633(a)) to the Com-14
1552-mittee on Appropriations of the House of Representa-15
1553-tives of amounts for the discretionary administrative 16
1554-expenses of the Social Security Administration and 17
1555-the United States Postal Service. 18
1556-(2) S
1557-PECIAL RULE.—In the House of Representa-19
1558-tives, for purposes of enforcing section 302(f) of the 20
1559-Congressional Budget Act of 1974 (2 U.S.C. 633(f)), 21
1560-estimates of the level of total new budget authority 22
1561-and total outlays provided by a measure shall include 23
1562-any discretionary amounts described in paragraph 24
1563-(1). 25 59
1564-†HCON 14 EAS
1565-SEC. 4004. APPLICATION AND EFFECT OF CHANGES IN AL-1
1552+PECIALRULE.—In the House of Representa-18
1553+tives, for purposes of enforcing section 302(f) of the Con-19
1554+gressional Budget Act of 1974 (2 U.S.C. 633(f)), esti-20
1555+mates of the level of total new budget authority and total 21
1556+outlays provided by a measure shall include any discre-22
1557+tionary amounts described in subsection (a). 23
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1560+HCON 14 PCS
1561+SEC. 5003. APPLICATION AND EFFECT OF CHANGES IN AL-1
15661562 LOCATIONS, AGGREGATES, AND OTHER 2
15671563 BUDGETARY LEVELS. 3
15681564 (a) A
15691565 PPLICATION.—Any adjustments of allocations, 4
15701566 aggregates, and other budgetary levels made pursuant to 5
15711567 this concurrent resolution shall— 6
15721568 (1) apply while that measure is under consider-7
15731569 ation; 8
1574-(2) take effect upon the enactment of that meas-9
1575-ure; and 10
1570+(2) take effect upon the enactment of that 9
1571+measure; and 10
15761572 (3) be published in the Congressional Record as 11
15771573 soon as practicable. 12
15781574 (b) E
15791575 FFECT OFCHANGEDALLOCATIONS, AGGRE-13
1580-GATES, ANDOTHERBUDGETARYLEVELS.—Revised alloca-14
1581-tions, aggregates, and other budgetary levels resulting from 15
1582-these adjustments shall be considered for the purposes of the 16
1583-Congressional Budget Act of 1974 (2 U.S.C. 621 et seq.) 17
1584-as the allocations, aggregates, and other budgetary levels 18
1585-contained in this concurrent resolution. 19
1576+GATES, ANDOTHERBUDGETARYLEVELS.—Revised allo-14
1577+cations, aggregates, and other budgetary levels resulting 15
1578+from these adjustments shall be considered for the pur-16
1579+poses of the Congressional Budget Act of 1974 (2 U.S.C. 17
1580+621 et seq.) as the allocations, aggregates, and other 18
1581+budgetary levels contained in this concurrent resolution. 19
15861582 (c) B
1587-UDGETCOMMITTEEDETERMINATIONS.—For pur-20
1588-poses of this concurrent resolution, the levels of new budget 21
1589-authority, outlays, direct spending, new entitlement author-22
1590-ity, revenues, deficits, and surpluses for a fiscal year or pe-23
1591-riod of fiscal years shall be determined on the basis of esti-24
1592-mates made by the chair of the Committee on the Budget 25
1593-of the applicable House of Congress. 26 60
1594-†HCON 14 EAS
1595-(d) AGGREGATES, ALLOCATIONS ANDAPPLICATION.— 1
1596-In the House of Representatives, for purposes of this concur-2
1597-rent resolution and budget enforcement, the consideration 3
1598-of any bill or joint resolution, or amendment thereto or con-4
1599-ference report thereon, for which the chair of the Committee 5
1600-on the Budget makes adjustments or revisions in the alloca-6
1601-tions, aggregates, and other budgetary levels of this concur-7
1602-rent resolution shall not be subject to the point of order set 8
1603-forth in clause 10 of rule XXI of the Rules of the House 9
1604-of Representatives. 10
1605-SEC. 4005. ADJUSTMENTS TO REFLECT CHANGES IN CON-11
1606-CEPTS AND DEFINITIONS. 12
1607-(a) H
1608-OUSE OFREPRESENTATIVES.—In the House of 13
1609-Representatives, the chair of the Committee on the Budget 14
1610-may adjust the appropriate aggregates, allocations, and 15
1611-other budgetary levels in this concurrent resolution for any 16
1612-change in budgetary concepts and definitions consistent 17
1613-with section 251(b)(1) of the Balanced Budget and Emer-18
1614-gency Deficit Control Act of 1985 (2 U.S.C. 901(b)(1)). 19
1615-(b) S
1616-ENATE.—In the Senate, upon the enactment of 20
1617-a bill or joint resolution providing for a change in concepts 21
1618-or definitions, the Chairman of the Committee on the Budg-22
1619-et of the Senate may make adjustments to the levels and 23
1620-allocations in this concurrent resolution in accordance with 24 61
1621-†HCON 14 EAS
1622-section 251(b) of the Balanced Budget and Emergency Def-1
1623-icit Control Act of 1985 (2 U.S.C. 901(b)). 2
1624-SEC. 4006. ADJUSTMENT FOR CHANGES IN THE BASELINE. 3
1625-The chair of the Committee on the Budget of the House 4
1626-of Representatives and the Chairman of the Committee on 5
1627-the Budget of the Senate may adjust the allocations, aggre-6
1628-gates, and other appropriate budgetary levels in this con-7
1629-current resolution to reflect changes resulting from the Con-8
1630-gressional Budget Office’s updates to its baseline for fiscal 9
1631-years 2025 through 2034, including the effects of legislation 10
1632-enacted before the date on which this concurrent resolution 11
1633-is agreed to. 12
1634-SEC. 4007. EXERCISE OF RULEMAKING POWERS. 13
1635-Congress adopts the provisions of this title— 14
1636-(1) as an exercise of the rulemaking power of the 15
1637-Senate and the House of Representatives, respectively, 16
1638-and as such they shall be considered as part of the 17
1639-rules of each House or of that House to which they 18
1640-specifically apply, and such rules shall supersede 19
1641-other rules only to the extent that they are incon-20
1642-sistent with such other rules; and 21
1643-(2) with full recognition of the constitutional 22
1644-right of either the Senate or the House of Representa-23
1645-tives to change those rules (insofar as they relate to 24
1646-that House) at any time, in the same manner, and 25 62
1647-†HCON 14 EAS
1648-to the same extent as is the case of any other rule of 1
1649-the Senate or House of Representatives. 2
1650-TITLE V—POLICY STATEMENTS 3
1651-IN THE HOUSE OF REP-4
1652-RESENTATIVES 5
1653-SEC. 5001. POLICY STATEMENT ON ECONOMIC GROWTH. 6
1654-(a) F
1655-INDINGS.—The House finds the following: 7
1656-(1) The rate of economic growth has a signifi-8
1657-cant impact on budget deficits. When the rate of gross 9
1658-domestic product (GDP) increases, projected revenue 10
1659-grows with it and deficits decline. Conversely, slower 11
1660-GDP growth can lead to lagging revenues and mount-12
1661-ing deficits. 13
1662-(2) Federal policies affect the economy’s potential 14
1663-to grow and impact economic performance, influ-15
1664-encing budgetary outcomes. Consequently, fiscally re-16
1665-sponsible policies that improve the economy’s long- 17
1666-term growth prospects help reduce the size of budget 18
1667-deficits over a given period. 19
1668-(3) The free market, where individuals pursue 20
1669-their own self-interests, has been responsible for great-21
1670-er advancements in quality of life and generation of 22
1671-wealth than any other form of economic system. Fed-23
1672-eral policies designed to grow the economy should thus 24 63
1673-†HCON 14 EAS
1674-allow market forces to operate unhindered rather than 1
1675-pick ‘‘winners’’ and ‘‘losers’’. 2
1676-(b) P
1677-OLICY ONECONOMICGROWTH.—In the House of 3
1678-Representatives, it is the policy of this concurrent resolution 4
1679-to pursue policies that embrace the free market and promote 5
1680-economic growth policies that— 6
1681-(1) reduce Federal spending; 7
1682-(2) expand American energy production; 8
1683-(3) lower taxes that discourage work, savings, 9
1684-and investment; 10
1685-(4) deregulate the economy and enact reforms to 11
1686-diminish bureaucratic red tape; and 12
1687-(5) eliminate barriers to work so more Ameri-13
1688-cans enter (or reenter) the job market. 14
1689-SEC. 5002. POLICY STATEMENT ON MANDATORY SPENDING 15
1690-REDUCTION. 16
1691-(a) F
1692-INDINGS.—The House finds the following: 17
1693-(1) The United States faces a significant debt 18
1694-crisis, with the national debt currently exceeding $36 19
1695-trillion, or 123 percent of GDP. 20
1696-(2) Since 2019, mandatory spending has in-21
1697-creased by 59 percent. 22
1698-(3) This debt poses a significant risk to the coun-23
1699-try’s long-term fiscal sustainability, with implica-24
1700-tions for future generations. 25 64
1701-†HCON 14 EAS
1702-(4) Mandatory spending currently accounts for 1
1703-over 70 percent of the entire Federal budget. 2
1704-(5) The deficit for fiscal year 2025 is projected 3
1705-to be $1.9 trillion, or 6.2 percent of GDP. 4
1706-(6) This fiscal year, net interest will total $952 5
1707-billion, or 3.2 percent of GDP. 6
1708-(b) P
1709-OLICY ONMANDATORYSPENDINGREDUCTION.— 7
1710-In the House of Representatives, the goal of this concurrent 8
1711-resolution is to reduce mandatory spending by $2 trillion 9
1712-over the budget window. If the combined deficit reduction 10
1713-provided by authorizing committees is below this target, it 11
1714-is the policy of the Committee on the Budget of the House 12
1715-that the instruction provided to the Committee on Ways and 13
1716-Means of the House should be reduced by a commensurate 14
1717-amount to offset the difference. 15
1718-SEC. 5003. POLICY STATEMENT ON GOVERNMENT DEREGU-16
1719-LATION. 17
1720-(a) F
1721-INDINGS.—The House finds the following: 18
1722-(1) Regulations throughout the Federal Govern-19
1723-ment have been a major issue for decades, continu-20
1724-ously growing while negatively impacting the nation’s 21
1725-economic and fiscal standing. 22
1726-(2) Overregulation has consistently hurt small 23
1727-businesses, strangled domestic energy production, 24 65
1728-†HCON 14 EAS
1729-weakened labor market conditions, and expanded gov-1
1730-ernment overreach and costs on taxpayers. 2
1731-(3) Real (inflation-adjusted) spending on regu-3
1732-latory agencies has increased exponentially since 4
1733-1960. The total number of pages in the Code of Fed-5
1734-eral Regulations (CFR) has increased from 22,877 6
1735-pages in 1960 to nearly 200,000 today. When com-7
1736-pared to 1950, the CFR contained only 9,745 pages 8
1737-in 1950, making the size of the CFR today 95% larg-9
1738-er than it was in 1950. 10
1739-(b) P
1740-OLICYSTATEMENT ONGOVERNMENTDEREGULA-11
1741-TION.—In this House of Representatives, it is the policy 12
1742-of this concurrent resolution— 13
1743-(1) that Congress continues to examine ways to 14
1744-relieve the burdens of overregulation throughout the 15
1745-Federal Government; 16
1746-(2) that Congress is ready to promote initiatives 17
1747-that will reduce government bureaucracy, enhance 18
1748-Federalism, and increase economic prosperity through 19
1749-deregulation; 20
1750-(3) to not only reduce burdensome, costly regula-21
1751-tions, but to also reassert the role of Congress; and 22
1752-(4) to enact legislation through reconciliation 23
1753-that strengthens Congress, scales back Federal regula-24
1754-tions, limits future bureaucratic red tape, and 25 66
1755-†HCON 14 EAS
1756-unleashes economic growth, such as the Regulations 1
1757-from the Executive in Need of Scrutiny (REINS) Act. 2
1758-Attest:
1759-Secretary. 119
1583+UDGETCOMMITTEEDETERMINATIONS.—For 20
1584+purposes of this concurrent resolution, the levels of new 21
1585+budget authority, outlays, direct spending, new entitle-22
1586+ment authority, revenues, deficits, and surpluses for a fis-23
1587+cal year or period of fiscal years shall be determined on 24
1588+the basis of estimates made by the chair of the Committee 25
1589+on the Budget of the applicable House of Congress. 26
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1592+HCON 14 PCS
1593+(d) AGGREGATES, ALLOCATIONS AND APPLICA-1
1594+TION.—In the House of Representatives, for purposes of 2
1595+this concurrent resolution and budget enforcement, the 3
1596+consideration of any bill or joint resolution, or amendment 4
1597+thereto or conference report thereon, for which the chair 5
1598+of the Committee on the Budget makes adjustments or 6
1599+revisions in the allocations, aggregates, and other budg-7
1600+etary levels of this concurrent resolution shall not be sub-8
1601+ject to the point of order set forth in clause 10 of rule 9
1602+XXI of the Rules of the House of Representatives. 10
1603+SEC. 5004. ADJUSTMENTS TO REFLECT CHANGES IN CON-11
1604+CEPTS AND DEFINITIONS IN THE HOUSE OF 12
1605+REPRESENTATIVES. 13
1606+In the House of Representatives, the chair of the 14
1607+Committee on the Budget may adjust the appropriate ag-15
1608+gregates, allocations, and other budgetary levels in this 16
1609+concurrent resolution for any change in budgetary con-17
1610+cepts and definitions consistent with section 251(b)(1) of 18
1611+the Balanced Budget and Emergency Deficit Control Act 19
1612+of 1985 (2 U.S.C. 901(b)(1)). 20
1613+SEC. 5005. ADJUSTMENT FOR CHANGES IN THE BASELINE. 21
1614+In the House of Representatives, the chair of the 22
1615+Committee on the Budget may adjust the allocations, ag-23
1616+gregates, and other appropriate budgetary levels in this 24
1617+concurrent resolution to reflect changes resulting from the 25
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1621+Congressional Budget Office’s updates to its baseline for 1
1622+fiscal years 2025 through 2034. 2
1623+SEC. 5006. EXERCISE OF RULEMAKING POWERS. 3
1624+Congress adopts the provisions of this title— 4
1625+(1) as an exercise of the rulemaking power of 5
1626+the Senate and the House of Representatives, re-6
1627+spectively, and as such they shall be considered as 7
1628+part of the rules of each House or of that House to 8
1629+which they specifically apply, and such rules shall 9
1630+supersede other rules only to the extent that they 10
1631+are inconsistent with such other rules; and 11
1632+(2) with full recognition of the constitutional 12
1633+right of either the Senate or the House of Rep-13
1634+resentatives to change those rules (insofar as they 14
1635+relate to that House) at any time, in the same man-15
1636+ner, and to the same extent as is the case of any 16
1637+other rule of the Senate or House of Representa-17
1638+tives. 18
1639+Passed the House of Representatives February 25,
1640+2025.
1641+Attest: KEVIN F. MCCUMBER,
1642+Clerk.
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1647+119
17601648 TH
17611649 CONGRESS
17621650 1
17631651 ST
17641652 S
17651653 ESSION
17661654
17671655 H. CON. RES. 14
1768-AMENDMENT
1656+CONCURRENT RESOLUTION
1657+Establishing the congressional budget for the
1658+United States Government for fiscal year 2025
1659+and setting forth the appropriate budgetary lev-
1660+els for fiscal years 2026 through 2034.
1661+A
1662+PRIL
1663+2, 2025
1664+Received; read twice and placed on the calendar
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