•HCON 14 RH 
(A) 
New 
budget 
authority, 
$36,204,000,000. 
(B) Outlays, $36,321,000,000. 
Fiscal year 2033: 
(A) 
New 
budget 
authority, 
$36,975,000,000. 
(B) Outlays, $36,772,000,000. 
Fiscal year 2034: 
(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, 
$1,027,694,000,000. 
(B) Outlays, $1,027,694,000,000. 
Fiscal year 2026: 
(A) 
New 
budget 
authority, 
$1,090,880,000,000. 
(B) Outlays, $1,090,880,000,000. 
Fiscal year 2027: 
(A) 
New 
budget 
authority, 
$1,160,719,000,000. 
(B) Outlays, $1,160,719,000,000. 
Fiscal year 2028: 
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•HCON 14 RH 
(A) 
New 
budget 
authority, 
$1,250,257,000,000. 
(B) Outlays, $1,250,257,000,000. 
Fiscal year 2029: 
(A) 
New 
budget 
authority, 
$1,328,362,000,000. 
(B) Outlays, $1,328,362,000,000. 
Fiscal year 2030: 
(A) 
New 
budget 
authority, 
$1,399,636,000,000. 
(B) Outlays, $1,399,636,000,000. 
Fiscal year 2031: 
(A) 
New 
budget 
authority, 
$1,475,634,000,000. 
(B) Outlays, $1,475,634,000,000. 
Fiscal year 2032: 
(A) 
New 
budget 
authority, 
$1,551,786,000,000. 
(B) Outlays, $1,551,786,000,000. 
Fiscal year 2033: 
(A) 
New 
budget 
authority, 
$1,619,496,000,000. 
(B) Outlays, $1,619,496,000,000. 
Fiscal year 2034: 
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(A) 
New 
budget 
authority, 
$1,693,863,000,000. 
(B) Outlays, $1,693,863,000,000. 
(19) Allowances (920): 
Fiscal year 2025: 
(A) New budget authority, $0. 
(B) Outlays, $0. 
Fiscal year 2026: 
(A) New budget authority, $0. 
(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. 
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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. 
(20) Government-Wide Savings (930): 
Fiscal year 2025: 
(A) 
New 
budget 
authority, 
-$120,000,000,000. 
(B) Outlays, -$120,000,000,000. 
Fiscal year 2026: 
(A) 
New 
budget 
authority, 
-$299,849,000,000. 
(B) Outlays, -$179,763,000,000. 
Fiscal year 2027: 
(A) 
New 
budget 
authority, 
-$375,694,000,000. 
(B) Outlays, -$231,910,000,000. 
Fiscal year 2028: 
(A) 
New 
budget 
authority, 
-$384,958,000,000. 
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(B) Outlays, -$263,939,000,000. 
Fiscal year 2029: 
(A) 
New 
budget 
authority, 
-$393,736,000,000. 
(B) Outlays, -$296,185,000,000. 
Fiscal year 2030: 
(A) 
New 
budget 
authority, 
-$407,056,000,000. 
(B) Outlays, -$330,476,000,000. 
Fiscal year 2031: 
(A) 
New 
budget 
authority, 
-$419,698,000,000. 
(B) Outlays, -$357,567,000,000. 
Fiscal year 2032: 
(A) 
New 
budget 
authority, 
-$431,652,000,000. 
(B) Outlays, -$381,290,000,000. 
Fiscal year 2033: 
(A) 
New 
budget 
authority, 
-$445,094,000,000. 
(B) Outlays, -$402,008,000,000. 
Fiscal year 2034: 
(A) 
New 
budget 
authority, 
-$460,001,000,000. 
(B) Outlays, -$420,590,000,000. 
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(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. 
(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. 
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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. 
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. 
(22) Across-the-Board Adjustment (990): 
Fiscal year 2025: 
(A) 
New 
budget 
authority, 
-$4,000,000. 
(B) Outlays, $0. 
Fiscal year 2026: 
(A) 
New 
budget 
authority, 
-$4,000,000. 
(B) Outlays, $0. 
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Fiscal year 2027: 
(A) 
New 
budget 
authority, 
-$4,000,000. 
(B) Outlays, $0. 
Fiscal year 2028: 
(A) 
New 
budget 
authority, 
-$4,000,000. 
(B) Outlays, $0. 
Fiscal year 2029: 
(A) 
New 
budget 
authority, 
-$4,000,000. 
(B) Outlays, $0. 
Fiscal year 2030: 
(A) 
New 
budget 
authority, 
-$4,000,000. 
(B) Outlays, $0. 
Fiscal year 2031: 
(A) 
New 
budget 
authority, 
-$4,000,000. 
(B) Outlays, $0. 
Fiscal year 2032: 
(A) 
New 
budget 
authority, 
-$4,000,000. 
(B) Outlays, $0. 
Fiscal year 2033: 
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(A) 
New 
budget 
authority, 
-$5,000,000. 
(B) Outlays, $0. 
Fiscal year 2034: 
(A) 
New 
budget 
authority, 
-$5,000,000. 
(B) Outlays, $0. 
TITLE II—RECONCILIATION AND 
RELATED MATTERS 
SEC. 2001. RECONCILIATION IN THE HOUSE OF REP-
RESENTATIVES. 
(a) SUBMISSIONS.—Not later than March 27, 2025, 
the committees named in subsection (b) and subsection 
(c) shall submit their recommendations on changes in laws 
within their jurisdictions to the Committee on the Budget 
of the House of Representatives to carry out this section. 
(b) INSTRUCTIONS.— 
(1) COMMITTEE ON AGRICULTURE.—The Com-
mittee on Agriculture shall submit changes in laws 
within its jurisdiction to reduce the deficit by not 
less than $230,000,000,000 for the period of fiscal 
years 2025 through 2034. 
(2) COMMITTEE
ON
ARMED
SERVICES.—The 
Committee on Armed Services shall submit changes 
in laws within its jurisdiction that increase the def-
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icit by not more than $100,000,000,000 for the pe-
riod of fiscal years 2025 through 2034. 
(3) COMMITTEE
ON
EDUCATION
AND
WORK-
FORCE.—The Committee on Education and Work-
force shall submit changes in laws within its juris-
diction to reduce the deficit by not less than 
$330,000,000,000 for the period of fiscal years 2025 
through 2034. 
(4) COMMITTEE ON ENERGY AND COMMERCE.— 
The Committee on Energy and Commerce shall sub-
mit changes in laws within its jurisdiction to reduce 
the deficit by not less than $880,000,000,000 for 
the period of fiscal years 2025 through 2034. 
(5) COMMITTEE ON FINANCIAL SERVICES.—The 
Committee on Financial Services shall submit 
changes in laws within its jurisdiction to reduce the 
deficit by not less than $1,000,000,000 for the pe-
riod of fiscal years 2025 through 2034. 
(6) COMMITTEE
ON
HOMELAND
SECURITY.— 
The Committee on Homeland Security shall submit 
changes in laws within its jurisdiction that increase 
the deficit by not more than $90,000,000,000 for 
the period of fiscal years 2025 through 2034. 
(7) COMMITTEE
ON
THE
JUDICIARY.—The 
Committee on the Judiciary shall submit changes in 
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laws within its jurisdiction that increase the deficit 
by not more than $110,000,000,000 for the period 
of fiscal years 2025 through 2034. 
(8) COMMITTEE
ON
NATURAL
RESOURCES.— 
The Committee on Natural Resources shall submit 
changes in laws within its jurisdiction to reduce the 
deficit by not less than $1,000,000,000 for the pe-
riod of fiscal years 2025 through 2034. 
(9) COMMITTEE ON OVERSIGHT AND GOVERN-
MENT REFORM.—The Committee on Oversight and 
Government Reform shall submit changes in laws 
within its jurisdiction to reduce the deficit by not 
less than $50,000,000,000 for the period of fiscal 
years 2025 through 2034. 
(10) COMMITTEE ON TRANSPORTATION AND IN-
FRASTRUCTURE.—The Committee on Transportation 
and Infrastructure shall submit changes in laws 
within its jurisdiction to reduce the deficit by not 
less than $10,000,000,000 for the period of fiscal 
years 2025 through 2034. 
(11) COMMITTEE ON WAYS AND MEANS.—The 
Committee on Ways and Means shall submit 
changes in laws within its jurisdiction that increase 
the deficit by not more than $4,500,000,000,000 for 
the period of fiscal years 2025 through 2034. 
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(c) INCREASE
IN STATUTORY DEBT LIMIT.—The 
Committee on Ways and Means shall submit changes in 
laws within its jurisdiction that increase the statutory debt 
limit by $4,000,000,000,000. 
TITLE III—RESERVE FUND 
SEC. 3001. RESERVE FUND FOR RECONCILIATION LEGISLA-
TION IN THE HOUSE OF REPRESENTATIVES. 
(a) IN GENERAL.—In the House of Representatives, 
the chair of the Committee on the Budget may revise the 
allocations of a committee or committees, aggregates, and 
other appropriate levels in this resolution for any bill or 
joint resolution considered pursuant to section 2001 con-
taining the recommendations of one or more committees, 
or for one or more amendments to, a conference report 
on, or an amendment between the Houses in relation to 
such a bill or joint resolution, by the amounts necessary 
to accommodate the budgetary effects of the legislation, 
if the budgetary effects of the legislation comply with the 
reconciliation instructions under this concurrent resolu-
tion. 
(b) DETERMINATION
OF COMPLIANCE.—For pur-
poses of this section, compliance with the reconciliation 
instructions under this concurrent resolution shall be de-
termined by the chair of the Committee on the Budget 
of the House of Representatives. 
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SEC. 3002. ADJUSTMENT FOR SPENDING CUTS OF AT LEAST 
$2 TRILLION. 
(a) ADJUSTMENT IF DEFICIT REDUCTION TARGET 
NOT ACHIEVED.—If one or more committees of the House 
of Representatives submit reconciliation recommendations 
pursuant to paragraphs (1), (3), (4), (5), (8), (9), or (10) 
of section 2001(b) and such recommendations do not, in 
total, achieve at least $2,000,000,000,000 in net deficit 
reduction over the period of fiscal years 2025 through 
2034, the chair of the Committee on the Budget of the 
House shall reduce— 
(1) the $4,500,000,000 reconciliation instruc-
tion for the Committee on Ways and Means under 
section 2001(b)(11); 
(2) the allocations to the Committee on Ways 
and Means under section 302(a) of the Congres-
sional Budget and Impoundment Control Act of 
1974 (2 U.S.C. 633(a)); 
(3) the aggregates of budget authority, outlays, 
and revenues; and 
(4) any other appropriate level in this concur-
rent resolution, 
by 
an 
amount 
equal 
to 
the 
difference 
between 
$2,000,000,000,000 and the total dollar amount of such 
recommendations. 
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(b) ADJUSTMENT IF DEFICIT REDUCTION TARGET 
EXCEEDED.—If one or more committees of the House of 
Representatives submit reconciliation recommendations 
pursuant to paragraphs (1), (3), (4), (5), (8), (9), or (10) 
of section 2001(b) and such recommendations, in total, 
achieve at least $2,000,000,000,000 in net deficit reduc-
tion over the period of fiscal years 2025 through 2034, 
the chair of the Committee on the Budget of the House 
shall increase the levels described in paragraphs (1) 
through (4) of subsection (a) by an amount equal to the 
difference between the total dollar amount of such rec-
ommendations and $2,000,000,000,000. 
(c) CERTIFICATION REQUIRED FOR ADJUSTMENT.— 
No adjustment may be made under subsection (a) or sub-
section (b) unless the chair of the Committee on the Budg-
et of the House, using cost estimates provided by the Con-
gressional Budget Office and the Joint Committee on Tax-
ation (as appropriate), certifies in writing that the applica-
ble reconciliation recommendations— 
(1) with respect to subsection (a), do not 
achieve 
net 
deficit 
reduction 
of 
at 
least 
$2,000,000,000,000 over the period of fiscal years 
2025 through 2034; or 
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(2) with respect to subsection (b), achieve net 
deficit reduction of at least $2,000,000,000,000 over 
the period of such fiscal years. 
(d) RECONCILIATION INSTRUCTION FOR WAYS AND 
MEANS.—The dollar amount resulting from any adjust-
ment made under this section to the reconciliation instruc-
tion for the Committee on Ways and Means under para-
graph (11) of section 2001(b) shall be substituted for 
‘‘$4,500,000,000,000’’ in such section and shall be 
deemed the reconciliation instructions for such Committee 
under such section. Any recommendations on changes in 
law within the jurisdiction of the Committee shall be con-
sistent with the goals of this concurrent resolution, includ-
ing with respect to spending reduction, tax policy changes, 
reforms, or other measures deemed appropriate by the 
chair of the Committee on the Budget of the House. 
(e) CONSISTENCY WITH
THE RESOLUTION.—Any 
reconciliation recommendations receiving an allocation ad-
justment under this section shall not be considered in vio-
lation of the budgetary levels established by this concur-
rent resolution. 
TITLE IV—POLICY STATEMENTS 
SEC. 4001. POLICY STATEMENT ON ECONOMIC GROWTH. 
(a) FINDINGS.—The House finds the following: 
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(1) The rate of economic growth has a signifi-
cant impact on budget deficits. When the rate of 
gross domestic product (GDP) increases, projected 
revenue grows with it and deficits decline. Con-
versely, slower GDP growth can lead to lagging reve-
nues and mounting deficits. 
(2) Federal policies affect the economy’s poten-
tial to grow and impact economic performance, influ-
encing budgetary outcomes. Consequently, fiscally 
responsible policies that improve the economy’s long- 
term growth prospects help reduce the size of budget 
deficits over a given period. 
(3) The free market, where individuals pursue 
their own self-interests, has been responsible for 
greater advancements in quality of life and genera-
tion of wealth than any other form of economic sys-
tem. Federal policies designed to grow the economy 
should thus 
allow 
market 
forces 
to 
operate 
unhindered rather than pick ‘‘winners’’ and ‘‘losers’’. 
(b) POLICY ON ECONOMIC GROWTH.—It is the policy 
of this concurrent resolution to pursue policies that em-
brace the free market and promote economic growth poli-
cies that— 
(1) reduce Federal spending; 
(2) expand American energy production; 
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duce mandatory spending by $2 trillion over the budget 
window. If the combined deficit reduction provided by au-
thorizing committees is below this target, it is the policy 
of the Committee on the Budget of the House that the 
instruction provided to the Committee on Ways and Means 
of the House should be reduced by a commensurate 
amount to offset the difference. 
SEC. 4003. POLICY STATEMENT ON GOVERNMENT DEREGU-
LATION. 
(a) FINDINGS.—The House finds the following: 
(1) Regulations throughout the Federal Govern-
ment have been a major issue for decades, continu-
ously growing while negatively impacting the na-
tion’s economic and fiscal standing. 
(2) Overregulation has consistently hurt small 
businesses, strangled domestic energy production, 
weakened labor market conditions, and expanded 
government overreach and costs on taxpayers. 
(3) Real (inflation-adjusted) spending on regu-
latory agencies has increased exponentially since 
1960. The total number of pages in the Code of 
Federal Regulations (CFR) has increased from 
22,877 pages in 1960 to nearly 200,000 today. 
When compared to 1950, the CFR contained only 
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9,745 pages in 1950, making the size of the CFR 
today 95% larger than it was in 1950. 
(b) POLICY STATEMENT ON GOVERNMENT DEREGU-
LATION.—It is the policy of this concurrent resolution— 
(1) that Congress continues to examine ways to 
relieve the burdens of overregulation throughout the 
Federal Government; 
(2) that Congress is ready to promote initiatives 
that will reduce government bureaucracy, enhance 
Federalism, 
and 
increase 
economic 
prosperity 
through deregulation; 
(3) to not only reduce burdensome, costly regu-
lations, but to also reassert the role of Congress; and 
(4) to enact legislation through reconciliation 
that strengthens Congress, scales back Federal regu-
lations, limits future bureaucratic red tape, and 
unleashes economic growth, such as the Regulations 
from the Executive in Need of Scrutiny (REINS) 
Act. 
TITLE V—OTHER MATTERS 
SEC. 5001. ENFORCEMENT FILING IN THE HOUSE OF REP-
RESENTATIVES. 
In the House of Representatives, if a concurrent reso-
lution on the budget for fiscal year 2025 is adopted with-
out the appointment of a committee of conference on the 
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disagreeing votes of the two Houses with respect to this 
concurrent resolution on the budget, for the purpose of 
enforcing the Congressional Budget Act of 1974 (2 U.S.C. 
621 et seq.) and applicable rules and requirements set 
forth in the concurrent resolution on the budget, the allo-
cations provided for in this section shall apply in the 
House of Representatives in the same manner as if such 
allocations were in a joint explanatory statement accom-
panying a conference report on the budget for fiscal year 
2025. The chair of the Committee on the Budget of the 
House of Representatives shall submit a statement for 
publication in the Congressional Record containing— 
(1) for the Committee on Appropriations, com-
mittee allocations for fiscal year 2025 consistent 
with title I for the purpose of enforcing section 302 
of the Congressional Budget Act of 1974 (2 U.S.C. 
633); and 
(2) for all committees other than the Com-
mittee on Appropriations, committee allocations con-
sistent with title I for fiscal year 2025 and for the 
period of fiscal years 2025 through 2034 for the 
purpose of enforcing section 302 of the Congres-
sional Budget Act of 1974 (2 U.S.C. 633). 
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SEC. 5002. BUDGETARY TREATMENT OF ADMINISTRATIVE 
EXPENSES IN THE HOUSE OF REPRESENTA-
TIVES. 
(a) IN GENERAL.—In the House of Representatives, 
notwithstanding section 302(a)(1) of the Congressional 
Budget Act of 1974 (2 U.S.C. 633(a)(1)), section 13301 
of the Budget Enforcement Act of 1990 (2 U.S.C. 632 
note), and section 2009a of title 39, United States Code, 
the report or the joint explanatory statement accom-
panying this concurrent resolution on the budget or the 
statement filed pursuant to section 5001, as applicable, 
shall include in an allocation under section 302(a) of the 
Congressional Budget Act of 1974 (2 U.S.C. 633(a)) to 
the Committee on Appropriations of the House of Rep-
resentatives amounts for the discretionary administrative 
expenses of the Social Security Administration and the 
United States Postal Service. 
(b) SPECIAL RULE.—In the House of Representa-
tives, for purposes of enforcing section 302(f) of the Con-
gressional Budget Act of 1974 (2 U.S.C. 633(f)), esti-
mates of the level of total new budget authority and total 
outlays provided by a measure shall include any discre-
tionary amounts described in subsection (a). 
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•HCON 14 RH 
SEC. 5003. APPLICATION AND EFFECT OF CHANGES IN AL-
LOCATIONS, 
AGGREGATES, 
AND 
OTHER 
BUDGETARY LEVELS. 
(a) APPLICATION.—Any adjustments of allocations, 
aggregates, and other budgetary levels made pursuant to 
this concurrent resolution shall— 
(1) apply while that measure is under consider-
ation; 
(2) take effect upon the enactment of that 
measure; and 
(3) be published in the Congressional Record as 
soon as practicable. 
(b) EFFECT OF CHANGED ALLOCATIONS, AGGRE-
GATES, AND OTHER BUDGETARY LEVELS.—Revised allo-
cations, aggregates, and other budgetary levels resulting 
from these adjustments shall be considered for the pur-
poses of the Congressional Budget Act of 1974 (2 U.S.C. 
621 et seq.) as the allocations, aggregates, and other 
budgetary levels contained in this concurrent resolution. 
(c) BUDGET COMMITTEE DETERMINATIONS.—For 
purposes of this concurrent resolution, the levels of new 
budget authority, outlays, direct spending, new entitle-
ment authority, revenues, deficits, and surpluses for a fis-
cal year or period of fiscal years shall be determined on 
the basis of estimates made by the chair of the Committee 
on the Budget of the applicable House of Congress. 
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•HCON 14 RH 
(d) AGGREGATES, ALLOCATIONS
AND
APPLICA-
TION.—In the House of Representatives, for purposes of 
this concurrent resolution and budget enforcement, the 
consideration of any bill or joint resolution, or amendment 
thereto or conference report thereon, for which the chair 
of the Committee on the Budget makes adjustments or 
revisions in the allocations, aggregates, and other budg-
etary levels of this concurrent resolution shall not be sub-
ject to the point of order set forth in clause 10 of rule 
XXI of the Rules of the House of Representatives. 
SEC. 5004. ADJUSTMENTS TO REFLECT CHANGES IN CON-
CEPTS AND DEFINITIONS IN THE HOUSE OF 
REPRESENTATIVES. 
In the House of Representatives, the chair of the 
Committee on the Budget may adjust the appropriate ag-
gregates, allocations, and other budgetary levels in this 
concurrent resolution for any change in budgetary con-
cepts and definitions consistent with section 251(b)(1) of 
the Balanced Budget and Emergency Deficit Control Act 
of 1985 (2 U.S.C. 901(b)(1)). 
SEC. 5005. ADJUSTMENT FOR CHANGES IN THE BASELINE. 
In the House of Representatives, the chair of the 
Committee on the Budget may adjust the allocations, ag-
gregates, and other appropriate budgetary levels in this 
concurrent resolution to reflect changes resulting from the 
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Union Calendar No. 1 
119TH CONGRESS 
1ST SESSION 
H. CON. RES. 14 
[Report No. 119–4] 
CONCURRENT RESOLUTION 
Establishing the congressional budget for the 
United States Government for fiscal year 2025 
and setting forth the appropriate budgetary lev-
els for fiscal years 2026 through 2034. 
FEBRUARY 18, 2025 
Committed to the Committee of the Whole House on the 
State of the Union and ordered to be printed 
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