•HCON 10 IH 
(A) 
New 
budget 
authority, 
$37,697,000,000. 
(B) Outlays, $37,281,000,000. 
(18) Net Interest (900): 
Fiscal year 2025: 
(A) 
New 
budget 
authority, 
$1,017,513,000,000. 
(B) Outlays, $1,017,513,000,000. 
Fiscal year 2026: 
(A) 
New 
budget 
authority, 
$1,068,222,000,000. 
(B) Outlays, $1,068,222,000,000. 
Fiscal year 2027: 
(A) 
New 
budget 
authority, 
$1,132,963,000,000. 
(B) Outlays, $1,132,963,000,000. 
Fiscal year 2028: 
(A) 
New 
budget 
authority, 
$1,220,157,000,000. 
(B) Outlays, $1,220,157,000,000. 
Fiscal year 2029: 
(A) 
New 
budget 
authority, 
$1,298,170,000,000. 
(B) Outlays, $1,298,170,000,000. 
Fiscal year 2030: 
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(A) 
New 
budget 
authority, 
$1,370,842,000,000. 
(B) Outlays, $1,370,842,000,000. 
Fiscal year 2031: 
(A) 
New 
budget 
authority, 
$1,451,680,000,000. 
(B) Outlays, $1,451,680,000,000. 
Fiscal year 2032: 
(A) 
New 
budget 
authority, 
$1,536,261,000,000. 
(B) Outlays, $1,536,261,000,000. 
Fiscal year 2033: 
(A) 
New 
budget 
authority, 
$1,615,954,000,000. 
(B) Outlays, $1,615,954,000,000. 
Fiscal year 2034: 
(A) 
New 
budget 
authority, 
$1,705,576,000,000. 
(B) Outlays, $1,705,576,000,000. 
(19) Allowances (920): 
Fiscal year 2025: 
(A) New budget authority, $0. 
(B) Outlays, $0. 
Fiscal year 2026: 
(A) New budget authority, $0. 
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(B) Outlays, $0. 
Fiscal year 2027: 
(A) New budget authority, $0. 
(B) Outlays, $0. 
Fiscal year 2028: 
(A) New budget authority, $0. 
(B) Outlays, $0. 
Fiscal year 2029: 
(A) New budget authority, $0. 
(B) Outlays, $0. 
Fiscal year 2030: 
(A) New budget authority, $0. 
(B) Outlays, $0. 
Fiscal year 2031: 
(A) New budget authority, $0. 
(B) Outlays, $0. 
Fiscal year 2032: 
(A) New budget authority, $0. 
(B) Outlays, $0. 
Fiscal year 2033: 
(A) New budget authority, $0. 
(B) Outlays, $0. 
Fiscal year 2034: 
(A) New budget authority, $0. 
(B) Outlays, $0. 
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(20) Government-wide Savings and Adjust-
ments (930): 
Fiscal year 2025: 
(A) 
New 
budget 
authority, 
-$103,925,000,000. 
(B) Outlays, -$103,925,000,000. 
Fiscal year 2026: 
(A) 
New 
budget 
authority, 
$12,298,000,000. 
(B) Outlays, $12,298,000,000. 
Fiscal year 2027: 
(A) 
New 
budget 
authority, 
$11,337,000,000. 
(B) Outlays, $11,337,000,000. 
Fiscal year 2028: 
(A) 
New 
budget 
authority, 
$10,827,000,000. 
(B) Outlays, $10,827,000,000. 
Fiscal year 2029: 
(A) 
New 
budget 
authority, 
-$40,933,000,000. 
(B) Outlays, -$40,933,000,000. 
Fiscal year 2030: 
(A) 
New 
budget 
authority, 
-$42,418,000,000. 
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(B) Outlays, -$42,418,000,000. 
Fiscal year 2031: 
(A) 
New 
budget 
authority, 
-$43,979,000,000. 
(B) Outlays, -$43,979,000,000. 
Fiscal year 2032: 
(A) 
New 
budget 
authority, 
-$45,577,000,000. 
(B) Outlays, -$45,577,000,000. 
Fiscal year 2033: 
(A) 
New 
budget 
authority, 
-$47,393,000,000. 
(B) Outlays, -$47,393,000,000. 
Fiscal year 2034: 
(A) 
New 
budget 
authority, 
-$49,425,000,000. 
(B) Outlays, -$49,425,000,000. 
(21) Undistributed Offsetting Receipts (950): 
Fiscal year 2025: 
(A) 
New 
budget 
authority, 
-$127,603,000,000. 
(B) Outlays, -$127,603,000,000. 
Fiscal year 2026: 
(A) 
New 
budget 
authority, 
-$135,110,000,000. 
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(B) Outlays, -$135,110,000,000. 
Fiscal year 2027: 
(A) 
New 
budget 
authority, 
-$137,883,000,000. 
(B) Outlays, -$137,883,000,000. 
Fiscal year 2028: 
(A) 
New 
budget 
authority, 
-$141,145,000,000. 
(B) Outlays, -$141,165,000,000. 
Fiscal year 2029: 
(A) 
New 
budget 
authority, 
-$145,400,000,000. 
(B) Outlays, -$145,407,000,000. 
Fiscal year 2030: 
(A) 
New 
budget 
authority, 
-$149,582,000,000. 
(B) Outlays, -$149,581,000,000. 
Fiscal year 2031: 
(A) 
New 
budget 
authority, 
-$154,014,000,000. 
(B) Outlays, -$154,013,000,000. 
Fiscal year 2032: 
(A) 
New 
budget 
authority, 
-$160,114,000,000. 
(B) Outlays, -$160,113,000,000. 
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Fiscal year 2033: 
(A) 
New 
budget 
authority, 
-$166,102,000,000. 
(B) Outlays, -$166,101,000,000. 
Fiscal year 2034: 
(A) 
New 
budget 
authority, 
-$171,015,000,000. 
(B) Outlays, -$171,014,000,000. 
TITLE II—RECONCILIATION IN 
THE HOUSE OF REPRESENTA-
TIVES 
SEC. 201. RECONCILIATION IN THE HOUSE. 
(a) SPENDING RECONCILIATION INSTRUCTIONS.— 
(1) COMMITTEE
ON
ARMED
SERVICES.—The 
Committee on Armed Services of the House of Rep-
resentatives shall submit changes in laws within its 
jurisdiction that increase the deficit by not more 
than $100,000,000,000 for the period of fiscal years 
2025 through 2028, and $0 for the period of fiscal 
years 2029 through 2034. 
(2) COMMITTEE
ON
HOMELAND
SECURITY.— 
The Committee on Homeland Security of the House 
of Representatives shall submit changes in laws 
within its jurisdiction that increase the deficit by not 
more than $50,000,000,000 for the period of fiscal 
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years 2025 through 2028, and $0 for the period of 
fiscal years 2029 through 2034. 
(3) COMMITTEE
ON
THE
JUDICIARY.—The 
Committee on the Judiciary of the House of Rep-
resentatives shall submit changes in laws within its 
jurisdiction that increase the deficit by not more 
than $50,000,000,000 for the period of fiscal years 
2025 through 2028, and $0 for the period of fiscal 
years 2029 through 2034. 
(b) DEFICIT REDUCTION RECONCILIATION INSTRUC-
TIONS.— 
(1) COMMITTEE ON AGRICULTURE.—The Com-
mittee on Agriculture of the House of Representa-
tives shall submit changes in laws within its jurisdic-
tion that reduce the deficit by not less than 
$5,000,000,000 for the period of fiscal years 2025 
through 2034. 
(2) COMMITTEE
ON
EDUCATION
AND
WORK-
FORCE.—The Committee on Education and Work-
force of the House of Representatives shall submit 
changes in laws within its jurisdiction that reduce 
the deficit by not less than $246,800,000,000 for 
the period of fiscal years 2025 through 2034. 
(3) COMMITTEE ON ENERGY AND COMMERCE.— 
The Committee on Energy and Commerce of the 
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House of Representatives shall submit changes in 
laws within its jurisdiction to reduce the deficit by 
not less than $200,000,000,000 for the period of fis-
cal years 2025 through 2034. 
(4) COMMITTEE
ON
THE
JUDICIARY.—The 
Committee on the Judiciary of the House of Rep-
resentatives shall submit changes in laws within its 
jurisdiction that reduce the deficit by not less than 
$10,000,000,000 for the period of fiscal years 2025 
through 2034. 
(5) COMMITTEE ON WAYS AND MEANS.—The 
Committee on Ways and Means of the House of 
Representatives shall submit changes in laws within 
its jurisdiction that reduce the deficit by not less 
than $24,500,000,000 for the period of fiscal years 
2025 through 2034. 
(c) INCREASE IN THE STATUTORY DEBT LIMIT.— 
The Committee on Ways and Means of the House of Rep-
resentatives shall submit changes in laws within its juris-
diction that increases the statutory debt limit by 
$4,000,000,000,000. 
(d) SUBMISSIONS.—Not later than February 27, 
2025, the committees named in subsections (a), (b), and 
(c) shall submit their recommendations to the Committee 
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on the Budget of the House of Representatives to carry 
out this section. 
TITLE III—POLICY STATEMENTS 
IN 
THE 
HOUSE 
OF 
REP-
RESENTATIVES 
SEC. 301. POLICY STATEMENT ON FEDERAL SPENDING. 
(a) FINDINGS.—The House finds the following: 
(1) The United States faces a dire fiscal crisis 
that poses a threat to our national security and eco-
nomic wellbeing. 
(2) Gross Federal debt has surpassed $36 tril-
lion and is now 122.94 percent of our national gross 
domestic product. Left on its current course, the 
Congressional Budget Office estimates it will reach 
nearly $60 trillion by fiscal year 2035. 
(3) Prior to the COVID–19 pandemic, Federal 
spending was already irresponsible with a Federal 
deficit of $983.6 billion and $5.46 trillion in total 
outlays in fiscal year 2019, which then skyrocketed 
to $7.94 trillion the following year. 
(4) Even now, years after the pandemic, fiscal 
year 2024 Federal outlays were $6.8 trillion and 
continue to significantly outpace pre-COVID levels. 
This is unsustainable. 
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(5) It is critical that the United States rein in 
the Federal Government’s out-of-control spending to 
set our nation on a better fiscal path. 
(6) President Trump’s fiscal year 2021 budget, 
released just before the pandemic, projected total 
budget outlays would reach $5.451 trillion this year. 
If adjusted to protect current Social Security and 
Medicare spending, as well as reflect existing debt 
service obligations, total budget outlays would be 
$6.057 trillion. 
(b) POLICY ON FEDERAL SPENDING.—It is the policy 
of this concurrent resolution that restoring Federal spend-
ing levels that existed prior to the COVID–19 pandemic, 
adjusted to protect current Social Security and Medicare 
spending and reflect existing debt service obligations, and 
that it shall be the objective of the House to reach total 
budget outlays of $6.057 trillion this fiscal year or less. 
Æ 
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