•HCON 25 EH 
mit changes in laws within its jurisdiction sufficient 
to reduce the deficit by at least $1,000,000,000 for 
the period of fiscal years 2013 through 2023. 
(4) COMMITTEE ON FINANCIAL SERVICES.—The 
Committee on Financial Services shall submit 
changes in laws within its jurisdiction sufficient to 
reduce the deficit by at least $1,000,000,000 for the 
period of fiscal years 2013 through 2023. 
(5) COMMITTEE
ON
THE
JUDICIARY.—The 
Committee on the Judiciary shall submit changes in 
laws within its jurisdiction sufficient to reduce the 
deficit by at least $1,000,000,000 for the period of 
fiscal years 2013 through 2023. 
(6) COMMITTEE
ON
NATURAL
RESOURCES.— 
The Committee on Natural Resources shall submit 
changes in laws within its jurisdiction sufficient to 
reduce the deficit by at least $1,000,000,000 for the 
period of fiscal years 2013 through 2023. 
(7) COMMITTEE ON OVERSIGHT AND GOVERN-
MENT REFORM.—The Committee on Oversight and 
Government Reform shall submit changes in laws 
within its jurisdiction sufficient to reduce the deficit 
by at least $1,000,000,000 for the period of fiscal 
years 2013 through 2023.
•HCON 25 EH 
(8) COMMITTEE ON WAYS AND MEANS.—The 
Committee on Ways and Means shall submit 
changes in laws within its jurisdiction sufficient to 
reduce the deficit by at least $1,000,000,000 for the 
period of fiscal years 2013 through 2023. 
TITLE III—RECOMMENDED LEV-
ELS FOR FISCAL YEARS 2030, 
2040, AND 2050 
SEC. 301. LONG-TERM BUDGETING. 
The following are the recommended revenue, spend-
ing, and deficit levels for each of fiscal years 2030, 2040, 
and 2050 as a percent of the gross domestic product of 
the United States: 
(1) FEDERAL REVENUES.—The appropriate lev-
els of Federal revenues are as follows: 
Fiscal year 2030: 19.1 percent. 
Fiscal year 2040: 19.1 percent. 
Fiscal year 2050: 19.1 percent. 
(2) BUDGET OUTLAYS.—The appropriate levels 
of total budget outlays are not to exceed: 
Fiscal year 2030: 19.1 percent. 
Fiscal year 2040: 19.1 percent. 
Fiscal year 2050: 19.1 percent. 
(3) DEFICITS.—The appropriate levels of defi-
cits are not to exceed:
•HCON 25 EH 
Fiscal year 2030: 0 percent. 
Fiscal year 2040: 0 percent. 
Fiscal year 2050: 0 percent. 
TITLE IV—RESERVE FUNDS 
SEC. 401. RESERVE FUND FOR THE REPEAL OF THE 2010 
HEALTH CARE LAWS. 
In the House, the chair of the Committee on the 
Budget may revise the allocations, aggregates, and other 
appropriate levels in this concurrent resolution for the 
budgetary effects of any bill or joint resolution, or amend-
ment thereto or conference report thereon, that only con-
sists of a full repeal the Patient Protection and Affordable 
Care Act and the health care-related provisions of the 
Health Care and Education Reconciliation Act of 2010. 
SEC. 402. DEFICIT-NEUTRAL RESERVE FUND FOR THE RE-
FORM OF THE 2010 HEALTH CARE LAWS. 
In the House, the chair of the Committee on the 
Budget may revise the allocations, aggregates, and other 
appropriate levels in this concurrent resolution for the 
budgetary effects of any bill or joint resolution, or amend-
ment thereto or conference report thereon, that reforms 
or replaces the Patient Protection and Affordable Care 
Act or the Health Care and Education Reconciliation Act 
of 2010, if such measure would not increase the deficit 
for the period of fiscal years 2014 through 2023.
•HCON 25 EH 
SEC. 403. DEFICIT-NEUTRAL RESERVE FUND RELATED TO 
THE MEDICARE PROVISIONS OF THE 2010 
HEALTH CARE LAWS. 
In the House, the chair of the Committee on the 
Budget may revise the allocations, aggregates, and other 
appropriate levels in this concurrent resolution for the 
budgetary effects of any bill or joint resolution, or amend-
ment thereto or conference report thereon, that repeals all 
or part of the decreases in Medicare spending included in 
the Patient Protection and Affordable Care Act or the 
Health Care and Education Reconciliation Act of 2010, 
if such measure would not increase the deficit for the pe-
riod of fiscal years 2014 through 2023. 
SEC. 404. DEFICIT-NEUTRAL RESERVE FUND FOR THE SUS-
TAINABLE GROWTH RATE OF THE MEDICARE 
PROGRAM. 
In the House, the chair of the Committee on the 
Budget may revise the allocations, aggregates, and other 
appropriate levels in this concurrent resolution for the 
budgetary effects of any bill or joint resolution, or amend-
ment thereto or conference report thereon, that includes 
provisions amending or superseding the system for updat-
ing payments under section 1848 of the Social Security 
Act, if such measure would not increase the deficit for the 
period of fiscal years 2014 through 2023.
•HCON 25 EH 
SEC. 405. DEFICIT-NEUTRAL RESERVE FUND FOR REFORM-
ING THE TAX CODE. 
In the House, if the Committee on Ways and Means 
reports a bill or joint resolution that reforms the Internal 
Revenue Code of 1986, the chair of the Committee on the 
Budget may revise the allocations, aggregates, and other 
appropriate levels in this concurrent resolution for the 
budgetary effects of any such bill or joint resolution, or 
amendment thereto or conference report thereon, if such 
measure would not increase the deficit for the period of 
fiscal years 2014 through 2023. 
SEC. 406. DEFICIT-NEUTRAL RESERVE FUND FOR TRADE 
AGREEMENTS. 
In the House, the chair of the Committee on the 
Budget may revise the allocations, aggregates, and other 
appropriate levels in this concurrent resolution for the 
budgetary effects of any bill or joint resolution reported 
by the Committee on Ways and Means, or amendment 
thereto or conference report thereon, that implements a 
trade agreement, but only if such measure would not in-
crease the deficit for the period of fiscal years 2014 
through 2023. 
SEC. 407. DEFICIT-NEUTRAL RESERVE FUND FOR REVENUE 
MEASURES. 
In the House, the chair of the Committee on the 
Budget may revise the allocations, aggregates, and other