[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 14 Engrossed Amendment Senate (EAS)]
<DOC>
In the Senate of the United States,
April 5 (legislative day, April 4), 2025.
Resolved, That the resolution from the House of Representatives (H.
Con. Res. 14) entitled ``Concurrent resolution establishing the
congressional budget for the United States Government for fiscal year
2025 and setting forth the appropriate budgetary levels for fiscal
years 2026 through 2034.'', do pass with the following
AMENDMENT:
Strike all after the resolving clause and insert the
following:HCONRES 14 - 119
Engrossed Amendment Senate
Establishing the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034.
53
Sections
570
Dollar amounts
2
Deadlines and effective dates
Apr 5, 2025
Text version date
Largest fiscal amounts
50481979000000 USD 1
48382716000000 USD 1
46595036000000 USD 1
45068345000000 USD 1
43583333000000 USD 1
43515483000000 USD 1
42102586000000 USD 1
41652745000000 USD 1
Top statutory references
2 U.S.C. 633 8
2 U.S.C. 632 3
2
U.S.C. 633 2
2
U.S.C. 633 2
2 U.S.C. 621 2
2 U.S.C. 901 2
42 U.S.C. 1396 2
2 U.S.C.
633 1
Deadline phrases
not later than 2
Official PDF
Open official PDFStructured text
Sec. 1.
SECTION 1. CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 2025.
SECTION 1. CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 2025.
(a) Declaration.--Congress declares that this resolution is the
concurrent resolution on the budget for fiscal year 2025 and that this
resolution sets forth the appropriate budgetary levels for fiscal years
2026 through 2034.
(b) Table of Contents.--The table of contents for this concurrent
resolution is as follows:Sec. 1.
Sec. 1. Concurrent resolution on the budget for fiscal year 2025.
Sec. 1. Concurrent resolution on the budget for fiscal year 2025.
TITLE I--RECOMMENDED LEVELS AND AMOUNTS
Subtitle A--Budgetary Levels in Both HousesSec. 1101.
Sec. 1101. Recommended levels and amounts.
Sec. 1101. Recommended levels and amounts.
Sec. 1102.
Sec. 1102. Major functional categories.
Sec. 1102. Major functional categories.
Subtitle B--Levels and Amounts in the SenateSec. 1201.
Sec. 1201. Social Security in the Senate.
Sec. 1201. Social Security in the Senate.
Sec. 1202.
Sec. 1202. Postal Service discretionary administrative expenses in the
Sec. 1202. Postal Service discretionary administrative expenses in the
Senate.
TITLE II--RECONCILIATIONSec. 2001.
Sec. 2001. Reconciliation in the House of Representatives.
Sec. 2001. Reconciliation in the House of Representatives.
Sec. 2002.
Sec. 2002. Reconciliation in the Senate.
Sec. 2002. Reconciliation in the Senate.
TITLE III--RESERVE FUNDSSec. 3001.
Sec. 3001. Reserve fund for reconciliation legislation.
Sec. 3001. Reserve fund for reconciliation legislation.
Sec. 3002.
Sec. 3002. Deficit-neutral reserve fund relating to government
Sec. 3002. Deficit-neutral reserve fund relating to government
deregulation.Sec. 3003.
Sec. 3003. Spending reduction reserve fund to save more than
Sec. 3003. Spending reduction reserve fund to save more than
$2,000,000,000,000.Sec. 3004.
Sec. 3004. Spending-neutral reserve fund related to current tax policy
Sec. 3004. Spending-neutral reserve fund related to current tax policy
baseline.Sec. 3005.
Sec. 3005. Deficit-neutral reserve fund relating to protecting Medicare
Sec. 3005. Deficit-neutral reserve fund relating to protecting Medicare
and Medicaid.
TITLE IV--OTHER MATTERSSec. 4001.
Sec. 4001. Adjustment for spending cuts of at least $2 trillion.
Sec. 4001. Adjustment for spending cuts of at least $2 trillion.
Sec. 4002.
Sec. 4002. Enforcement filing.
Sec. 4002. Enforcement filing.
Sec. 4003.
Sec. 4003. Budgetary treatment of administrative expenses.
Sec. 4003. Budgetary treatment of administrative expenses.
Sec. 4004.
Sec. 4004. Application and effect of changes in allocations,
Sec. 4004. Application and effect of changes in allocations,
aggregates, and other budgetary levels.Sec. 4005.
Sec. 4005. Adjustments to reflect changes in concepts and definitions.
Sec. 4005. Adjustments to reflect changes in concepts and definitions.
Sec. 4006.
Sec. 4006. Adjustment for changes in the baseline.
Sec. 4006. Adjustment for changes in the baseline.
Sec. 4007.
Sec. 4007. Exercise of rulemaking powers.
Sec. 4007. Exercise of rulemaking powers.
TITLE V--POLICY STATEMENTS IN THE HOUSE OF REPRESENTATIVESSec. 5001.
Sec. 5001. Policy statement on economic growth.
Sec. 5001. Policy statement on economic growth.
Sec. 5002.
Sec. 5002. Policy statement on mandatory spending reduction.
Sec. 5002. Policy statement on mandatory spending reduction.
Sec. 5003.
Sec. 5003. Policy statement on Government deregulation.
Sec. 5003. Policy statement on Government deregulation.
TITLE I--RECOMMENDED LEVELS AND AMOUNTS
Subtitle A--Budgetary Levels in Both HousesSec. 1101.
SEC. 1101. RECOMMENDED LEVELS AND AMOUNTS.
SEC. 1101. RECOMMENDED LEVELS AND AMOUNTS.
The following budgetary levels are appropriate for each of fiscal
years 2025 through 2034:
(1) Federal revenues.--For purposes of the enforcement of
this resolution:
(A) The recommended levels of Federal revenues are
as follows:
Fiscal year 2025: $3,699,743,000,000.
Fiscal year 2026: $3,850,222,000,000.
Fiscal year 2027: $3,935,426,000,000.
Fiscal year 2028: $4,064,380,000,000.
Fiscal year 2029: $4,187,266,000,000.
Fiscal year 2030: $4,388,684,000,000.
Fiscal year 2031: $4,600,466,000,000.
Fiscal year 2032: $4,800,588,000,000.
Fiscal year 2033: $5,020,540,000,000.
Fiscal year 2034: $5,242,537,000,000.
(B) The amounts by which the aggregate levels of
Federal revenues should be changed are as follows:
Fiscal year 2025: -$150,000,000,000.
Fiscal year 2026: -$150,000,000,000.
Fiscal year 2027: -$150,000,000,000.
Fiscal year 2028: -$150,000,000,000.
Fiscal year 2029: -$150,000,000,000.
Fiscal year 2030: -$150,000,000,000.
Fiscal year 2031: -$150,000,000,000.
Fiscal year 2032: -$150,000,000,000.
Fiscal year 2033: -$150,000,000,000.
Fiscal year 2034: -$150,000,000,000.
(2) New budget authority.--For purposes of the enforcement
of this resolution, the appropriate levels of total new budget
authority are as follows:
Fiscal year 2025: $4,663,769,000,000.
Fiscal year 2026: $4,795,798,000,000.
Fiscal year 2027: $4,933,048,000,000.
Fiscal year 2028: $5,216,255,000,000.
Fiscal year 2029: $5,375,045,000,000.
Fiscal year 2030: $5,667,195,000,000.
Fiscal year 2031: $5,915,714,000,000.
Fiscal year 2032: $6,191,839,000,000.
Fiscal year 2033: $6,530,356,000,000.
Fiscal year 2034: $6,736,948,000,000.
(3) Budget outlays.--For purposes of the enforcement of
this resolution, the appropriate levels of total budget outlays
are as follows:
Fiscal year 2025: $4,636,008,000,000.
Fiscal year 2026: $4,811,854,000,000.
Fiscal year 2027: $5,009,263,000,000.
Fiscal year 2028: $5,304,033,000,000.
Fiscal year 2029: $5,364,632,000,000.
Fiscal year 2030: $5,654,106,000,000.
Fiscal year 2031: $5,882,786,000,000.
Fiscal year 2032: $6,121,866,000,000.
Fiscal year 2033: $6,487,182,000,000.
Fiscal year 2034: $6,647,428,000,000.
(4) Deficits.--For purposes of the enforcement of this
resolution, the amounts of the deficits are as follows:
Fiscal year 2025: $936,265,000,000.
Fiscal year 2026: $961,632,000,000.
Fiscal year 2027: $1,073,837,000,000.
Fiscal year 2028: $1,239,653,000,000.
Fiscal year 2029: $1,177,366,000,000.
Fiscal year 2030: $1,265,422,000,000.
Fiscal year 2031: $1,282,320,000,000.
Fiscal year 2032: $1,321,278,000,000.
Fiscal year 2033: $1,466,642,000,000.
Fiscal year 2034: $1,404,891,000,000.
(5) Public debt.--Pursuant to section 301(a)(5) of the
Congressional Budget Act of 1974 (2 U.S.C. 632(a)(5)), the
appropriate levels of the public debt are as follows:
Fiscal year 2025: $36,525,094,000,000.
Fiscal year 2026: $37,838,733,000,000.
Fiscal year 2027: $39,140,384,000,000.
Fiscal year 2028: $40,566,455,000,000.
Fiscal year 2029: $42,102,586,000,000.
Fiscal year 2030: $43,583,333,000,000.
Fiscal year 2031: $45,068,345,000,000.
Fiscal year 2032: $46,595,036,000,000.
Fiscal year 2033: $48,382,716,000,000.
Fiscal year 2034: $50,481,979,000,000.
(6) Debt held by the public.--The appropriate levels of
debt held by the public are as follows:
Fiscal year 2025: $29,294,843,000,000.
Fiscal year 2026: $30,468,366,000,000.
Fiscal year 2027: $31,782,489,000,000.
Fiscal year 2028: $33,298,095,000,000.
Fiscal year 2029: $34,781,086,000,000.
Fiscal year 2030: $36,380,984,000,000.
Fiscal year 2031: $38,027,730,000,000.
Fiscal year 2032: $39,759,791,000,000.
Fiscal year 2033: $41,652,745,000,000.
Fiscal year 2034: $43,515,483,000,000.Sec. 1102.
SEC. 1102. MAJOR FUNCTIONAL CATEGORIES.
SEC. 1102. MAJOR FUNCTIONAL CATEGORIES.
Congress determines and declares that the appropriate levels of new
budget authority and outlays for fiscal years 2025 through 2034 for
each major functional category are:
(1) National Defense (050):
Fiscal year 2025:
(A) New budget authority, $933,484,000,000.
(B) Outlays, $909,629,000,000.
Fiscal year 2026:
(A) New budget authority, $901,220,000,000.
(B) Outlays, $904,412,000,000.
Fiscal year 2027:
(A) New budget authority, $923,020,000,000.
(B) Outlays, $911,956,000,000.
Fiscal year 2028:
(A) New budget authority, $944,111,000,000.
(B) Outlays, $934,660,000,000.
Fiscal year 2029:
(A) New budget authority, $966,203,000,000.
(B) Outlays, $942,419,000,000.
Fiscal year 2030:
(A) New budget authority, $989,212,000,000.
(B) Outlays, $966,361,000,000.
Fiscal year 2031:
(A) New budget authority, $1,012,715,000,000.
(B) Outlays, $984,795,000,000.
Fiscal year 2032:
(A) New budget authority, $1,036,723,000,000.
(B) Outlays, $1,003,888,000,000.
Fiscal year 2033:
(A) New budget authority, $1,062,319,000,000.
(B) Outlays, $1,037,888,000,000.
Fiscal year 2034:
(A) New budget authority, $1,087,382,000,000.
(B) Outlays, $1,054,430,000,000.
(2) International Affairs (150):
Fiscal year 2025:
(A) New budget authority, $65,962,000,000.
(B) Outlays, $69,206,000,000.
Fiscal year 2026:
(A) New budget authority, $61,716,000,000.
(B) Outlays, $67,669,000,000.
Fiscal year 2027:
(A) New budget authority, $62,249,000,000.
(B) Outlays, $66,456,000,000.
Fiscal year 2028:
(A) New budget authority, $63,512,000,000.
(B) Outlays, $62,391,000,000.
Fiscal year 2029:
(A) New budget authority, $64,944,000,000.
(B) Outlays, $62,832,000,000.
Fiscal year 2030:
(A) New budget authority, $66,408,000,000.
(B) Outlays, $63,077,000,000.
Fiscal year 2031:
(A) New budget authority, $67,878,000,000.
(B) Outlays, $64,002,000,000.
Fiscal year 2032:
(A) New budget authority, $69,343,000,000.
(B) Outlays, $65,176,000,000.
Fiscal year 2033:
(A) New budget authority, $70,874,000,000.
(B) Outlays, $66,517,000,000.
Fiscal year 2034:
(A) New budget authority, $72,435,000,000.
(B) Outlays, $67,889,000,000.
(3) General Science, Space, and Technology (250):
Fiscal year 2025:
(A) New budget authority, $42,084,000,000.
(B) Outlays, $41,734,000,000.
Fiscal year 2026:
(A) New budget authority, $41,345,000,000.
(B) Outlays, $41,844,000,000.
Fiscal year 2027:
(A) New budget authority, $42,264,000,000.
(B) Outlays, $41,923,000,000.
Fiscal year 2028:
(A) New budget authority, $43,099,000,000.
(B) Outlays, $42,198,000,000.
Fiscal year 2029:
(A) New budget authority, $44,017,000,000.
(B) Outlays, $42,887,000,000.
Fiscal year 2030:
(A) New budget authority, $44,980,000,000.
(B) Outlays, $43,633,000,000.
Fiscal year 2031:
(A) New budget authority, $45,946,000,000.
(B) Outlays, $44,551,000,000.
Fiscal year 2032:
(A) New budget authority, $46,922,000,000.
(B) Outlays, $45,486,000,000.
Fiscal year 2033:
(A) New budget authority, $47,936,000,000.
(B) Outlays, $46,460,000,000.
Fiscal year 2034:
(A) New budget authority, $48,985,000,000.
(B) Outlays, $47,466,000,000.
(4) Energy (270):
Fiscal year 2025:
(A) New budget authority, $39,842,000,000.(B) Outlays, $37,587,000,000.
Fiscal year 2026:
(A) New budget authority, $39,958,000,000.
(B) Outlays, $44,514,000,000.
Fiscal year 2027:
(A) New budget authority, $34,098,000,000.
(B) Outlays, $52,768,000,000.
Fiscal year 2028:
(A) New budget authority, $34,825,000,000.
(B) Outlays, $51,623,000,000.
Fiscal year 2029:
(A) New budget authority, $35,770,000,000.
(B) Outlays, $48,582,000,000.
Fiscal year 2030:
(A) New budget authority, $33,946,000,000.
(B) Outlays, $42,596,000,000.
Fiscal year 2031:
(A) New budget authority, $35,188,000,000.
(B) Outlays, $40,366,000,000.
Fiscal year 2032:
(A) New budget authority, $39,697,000,000.
(B) Outlays, $41,611,000,000.
Fiscal year 2033:
(A) New budget authority, $24,489,000,000.
(B) Outlays, $25,941,000,000.
Fiscal year 2034:
(A) New budget authority, $16,203,000,000.
(B) Outlays, $17,040,000,000.
(5) Natural Resources and Environment (300):
Fiscal year 2025:
(A) New budget authority, $88,319,000,000.
(B) Outlays, $89,764,000,000.
Fiscal year 2026:
(A) New budget authority, $67,633,000,000.
(B) Outlays, $80,552,000,000.
Fiscal year 2027:
(A) New budget authority, $45,140,000,000.
(B) Outlays, $75,844,000,000.
Fiscal year 2028:
(A) New budget authority, $45,985,000,000.
(B) Outlays, $71,673,000,000.
Fiscal year 2029:
(A) New budget authority, $46,956,000,000.
(B) Outlays, $67,691,000,000.
Fiscal year 2030:
(A) New budget authority, $47,707,000,000.
(B) Outlays, $63,948,000,000.
Fiscal year 2031:
(A) New budget authority, $48,854,000,000.
(B) Outlays, $60,580,000,000.
Fiscal year 2032:
(A) New budget authority, $49,918,000,000.
(B) Outlays, $56,444,000,000.
Fiscal year 2033:
(A) New budget authority, $51,246,000,000.
(B) Outlays, $55,797,000,000.
Fiscal year 2034:
(A) New budget authority, $52,225,000,000.
(B) Outlays, $55,480,000,000.
(6) Agriculture (350):
Fiscal year 2025:
(A) New budget authority, $58,457,000,000.
(B) Outlays, $41,846,000,000.
Fiscal year 2026:
(A) New budget authority, $28,163,000,000.
(B) Outlays, $46,212,000,000.
Fiscal year 2027:
(A) New budget authority, $31,716,000,000.
(B) Outlays, $33,686,000,000.
Fiscal year 2028:
(A) New budget authority, $33,008,000,000.
(B) Outlays, $34,426,000,000.
Fiscal year 2029:
(A) New budget authority, $33,334,000,000.
(B) Outlays, $32,441,000,000.
Fiscal year 2030:
(A) New budget authority, $30,857,000,000.
(B) Outlays, $30,098,000,000.
Fiscal year 2031:
(A) New budget authority, $30,468,000,000.
(B) Outlays, $29,609,000,000.
Fiscal year 2032:
(A) New budget authority, $31,239,000,000.
(B) Outlays, $30,163,000,000.
Fiscal year 2033:
(A) New budget authority, $32,276,000,000.
(B) Outlays, $30,893,000,000.
Fiscal year 2034:
(A) New budget authority, $32,912,000,000.
(B) Outlays, $31,721,000,000.
(7) Commerce and Housing Credit (370):
Fiscal year 2025:
(A) New budget authority, $12,477,000,000.
(B) Outlays, -$18,175,000,000.
Fiscal year 2026:
(A) New budget authority, $32,747,000,000.
(B) Outlays, -$626,000,000.
Fiscal year 2027:
(A) New budget authority, $28,145,000,000.
(B) Outlays, $7,710,000,000.Fiscal year 2028:
(A) New budget authority, -$56,796,000,000.
(B) Outlays, -$65,194,000,000.
Fiscal year 2029:
(A) New budget authority, $25,562,000,000.
(B) Outlays, $15,976,000,000.
Fiscal year 2030:
(A) New budget authority, $25,712,000,000.
(B) Outlays, $12,680,000,000.
Fiscal year 2031:
(A) New budget authority, $25,941,000,000.
(B) Outlays, $7,932,000,000.
Fiscal year 2032:
(A) New budget authority, $26,354,000,000.
(B) Outlays, $5,060,000,000.
Fiscal year 2033:
(A) New budget authority, $20,192,000,000.
(B) Outlays, -$4,224,000,000.
Fiscal year 2034:
(A) New budget authority, $29,862,000,000.
(B) Outlays, $2,451,000,000.
(8) Transportation (400):
Fiscal year 2025:
(A) New budget authority, $173,158,000,000.
(B) Outlays, $144,771,000,000.
Fiscal year 2026:
(A) New budget authority, $167,673,000,000.
(B) Outlays, $152,541,000,000.
Fiscal year 2027:
(A) New budget authority, $132,085,000,000.
(B) Outlays, $158,068,000,000.
Fiscal year 2028:
(A) New budget authority, $133,386,000,000.
(B) Outlays, $162,528,000,000.
Fiscal year 2029:
(A) New budget authority, $134,447,000,000.
(B) Outlays, $160,846,000,000.
Fiscal year 2030:
(A) New budget authority, $129,994,000,000.
(B) Outlays, $150,790,000,000.
Fiscal year 2031:
(A) New budget authority, $130,964,000,000.
(B) Outlays, $147,539,000,000.
Fiscal year 2032:
(A) New budget authority, $138,846,000,000.
(B) Outlays, $150,163,000,000.
Fiscal year 2033:
(A) New budget authority, $140,544,000,000.
(B) Outlays, $149,247,000,000.
Fiscal year 2034:
(A) New budget authority, $142,271,000,000.
(B) Outlays, $149,454,000,000.
(9) Community and Regional Development (450):
Fiscal year 2025:
(A) New budget authority, $90,242,000,000.
(B) Outlays, $78,592,000,000.
Fiscal year 2026:
(A) New budget authority, $20,135,000,000.
(B) Outlays, $64,267,000,000.
Fiscal year 2027:
(A) New budget authority, $19,259,000,000.
(B) Outlays, $56,506,000,000.
Fiscal year 2028:
(A) New budget authority, $19,462,000,000.
(B) Outlays, $45,101,000,000.
Fiscal year 2029:
(A) New budget authority, $19,888,000,000.
(B) Outlays, $35,976,000,000.
Fiscal year 2030:
(A) New budget authority, $20,326,000,000.
(B) Outlays, $31,026,000,000.
Fiscal year 2031:
(A) New budget authority, $20,727,000,000.
(B) Outlays, $27,543,000,000.
Fiscal year 2032:
(A) New budget authority, $21,007,000,000.
(B) Outlays, $24,658,000,000.
Fiscal year 2033:
(A) New budget authority, $21,462,000,000.
(B) Outlays, $22,754,000,000.
Fiscal year 2034:
(A) New budget authority, $21,864,000,000.
(B) Outlays, $21,733,000,000.
(10) Education, Training, Employment, and Social Services
(500):
Fiscal year 2025:
(A) New budget authority, $149,379,000,000.
(B) Outlays, $171,920,000,000.
Fiscal year 2026:
(A) New budget authority, $152,714,000,000.
(B) Outlays, $151,639,000,000.
Fiscal year 2027:
(A) New budget authority, $155,152,000,000.
(B) Outlays, $151,206,000,000.
Fiscal year 2028:
(A) New budget authority, $157,970,000,000.
(B) Outlays, $152,914,000,000.
Fiscal year 2029:
(A) New budget authority, $160,942,000,000.
(B) Outlays, $155,518,000,000.Fiscal year 2030:
(A) New budget authority, $163,842,000,000.
(B) Outlays, $158,366,000,000.
Fiscal year 2031:
(A) New budget authority, $166,812,000,000.
(B) Outlays, $161,277,000,000.
Fiscal year 2032:
(A) New budget authority, $170,169,000,000.
(B) Outlays, $164,438,000,000.
Fiscal year 2033:
(A) New budget authority, $173,711,000,000.
(B) Outlays, $167,726,000,000.
Fiscal year 2034:
(A) New budget authority, $176,750,000,000.
(B) Outlays, $170,798,000,000.
(11) Health (550):
Fiscal year 2025:
(A) New budget authority, $948,957,000,000.
(B) Outlays, $963,482,000,000.
Fiscal year 2026:
(A) New budget authority, $992,092,000,000.
(B) Outlays, $977,707,000,000.
Fiscal year 2027:
(A) New budget authority, $1,020,326,000,000.
(B) Outlays, $1,021,663,000,000.
Fiscal year 2028:
(A) New budget authority, $1,054,949,000,000.
(B) Outlays, $1,051,917,000,000.
Fiscal year 2029:
(A) New budget authority, $1,098,389,000,000.
(B) Outlays, $1,093,560,000,000.
Fiscal year 2030:
(A) New budget authority, $1,142,669,000,000.
(B) Outlays, $1,132,096,000,000.
Fiscal year 2031:
(A) New budget authority, $1,176,497,000,000.
(B) Outlays, $1,175,451,000,000.
Fiscal year 2032:
(A) New budget authority, $1,226,824,000,000.
(B) Outlays, $1,216,998,000,000.
Fiscal year 2033:
(A) New budget authority, $1,276,881,000,000.
(B) Outlays, $1,266,068,000,000.
Fiscal year 2034:
(A) New budget authority, $1,310,000,000,000.
(B) Outlays, $1,298,975,000,000.
(12) Medicare (570):
Fiscal year 2025:
(A) New budget authority, $952,239,000,000.
(B) Outlays, $951,989,000,000.
Fiscal year 2026:
(A) New budget authority, $1,007,093,000,000.
(B) Outlays, $1,008,459,000,000.
Fiscal year 2027:
(A) New budget authority, $1,066,571,000,000.
(B) Outlays, $1,066,331,000,000.
Fiscal year 2028:
(A) New budget authority, $1,209,735,000,000.
(B) Outlays, $1,208,675,000,000.
Fiscal year 2029:
(A) New budget authority, $1,125,645,000,000.
(B) Outlays, $1,125,301,000,000.
Fiscal year 2030:
(A) New budget authority, $1,275,864,000,000.
(B) Outlays, $1,275,627,000,000.
Fiscal year 2031:
(A) New budget authority, $1,357,791,000,000.
(B) Outlays, $1,357,726,000,000.
Fiscal year 2032:
(A) New budget authority, $1,445,195,000,000.
(B) Outlays, $1,445,191,000,000.
Fiscal year 2033:
(A) New budget authority, $1,659,329,000,000.
(B) Outlays, $1,659,346,000,000.
Fiscal year 2034:
(A) New budget authority, $1,666,492,000,000.
(B) Outlays, $1,666,497,000,000.
(13) Income Security (600):
Fiscal year 2025:
(A) New budget authority, $712,538,000,000.
(B) Outlays, $709,200,000,000.
Fiscal year 2026:
(A) New budget authority, $691,755,000,000.
(B) Outlays, $690,914,000,000.
Fiscal year 2027:
(A) New budget authority, $708,645,000,000.
(B) Outlays, $703,648,000,000.
Fiscal year 2028:
(A) New budget authority, $727,434,000,000.
(B) Outlays, $727,234,000,000.
Fiscal year 2029:
(A) New budget authority, $728,925,000,000.
(B) Outlays, $714,850,000,000.
Fiscal year 2030:
(A) New budget authority, $748,162,000,000.
(B) Outlays, $739,465,000,000.
Fiscal year 2031:
(A) New budget authority, $760,737,000,000.(B) Outlays, $751,498,000,000.
Fiscal year 2032:
(A) New budget authority, $778,878,000,000.
(B) Outlays, $768,898,000,000.
Fiscal year 2033:
(A) New budget authority, $800,142,000,000.
(B) Outlays, $796,835,000,000.
Fiscal year 2034:
(A) New budget authority, $808,455,000,000.
(B) Outlays, $798,159,000,000.
(14) Social Security (650):
Fiscal year 2025:
(A) New budget authority, $67,259,000,000.
(B) Outlays, $67,259,000,000.
Fiscal year 2026:
(A) New budget authority, $81,690,000,000.
(B) Outlays, $81,690,000,000.
Fiscal year 2027:
(A) New budget authority, $89,447,000,000.
(B) Outlays, $89,447,000,000.
Fiscal year 2028:
(A) New budget authority, $94,419,000,000.
(B) Outlays, $94,419,000,000.
Fiscal year 2029:
(A) New budget authority, $100,138,000,000.
(B) Outlays, $100,138,000,000.
Fiscal year 2030:
(A) New budget authority, $106,208,000,000.
(B) Outlays, $106,208,000,000.
Fiscal year 2031:
(A) New budget authority, $112,114,000,000.
(B) Outlays, $112,114,000,000.
Fiscal year 2032:
(A) New budget authority, $118,485,000,000.
(B) Outlays, $118,485,000,000.
Fiscal year 2033:
(A) New budget authority, $125,325,000,000.
(B) Outlays, $125,325,000,000.
Fiscal year 2034:
(A) New budget authority, $132,539,000,000.
(B) Outlays, $132,539,000,000.
(15) Veterans Benefits and Services (700):
Fiscal year 2025:
(A) New budget authority, $361,349,000,000.
(B) Outlays, $357,760,000,000.
Fiscal year 2026:
(A) New budget authority, $382,555,000,000.
(B) Outlays, $378,814,000,000.
Fiscal year 2027:
(A) New budget authority, $404,594,000,000.
(B) Outlays, $401,319,000,000.
Fiscal year 2028:
(A) New budget authority, $427,329,000,000.
(B) Outlays, $444,241,000,000.
Fiscal year 2029:
(A) New budget authority, $447,757,000,000.
(B) Outlays, $422,317,000,000.
Fiscal year 2030:
(A) New budget authority, $466,616,000,000.
(B) Outlays, $461,720,000,000.
Fiscal year 2031:
(A) New budget authority, $486,716,000,000.
(B) Outlays, $481,638,000,000.
Fiscal year 2032:
(A) New budget authority, $507,187,000,000.
(B) Outlays, $502,655,000,000.
Fiscal year 2033:
(A) New budget authority, $528,733,000,000.
(B) Outlays, $548,734,000,000.
Fiscal year 2034:
(A) New budget authority, $550,662,000,000.
(B) Outlays, $547,796,000,000.
(16) Administration of Justice (750):
Fiscal year 2025:
(A) New budget authority, $83,111,000,000.
(B) Outlays, $85,235,000,000.
Fiscal year 2026:
(A) New budget authority, $88,992,000,000.
(B) Outlays, $87,024,000,000.
Fiscal year 2027:
(A) New budget authority, $87,701,000,000.
(B) Outlays, $86,420,000,000.
Fiscal year 2028:
(A) New budget authority, $89,687,000,000.
(B) Outlays, $88,514,000,000.
Fiscal year 2029:
(A) New budget authority, $92,142,000,000.
(B) Outlays, $90,690,000,000.
Fiscal year 2030:
(A) New budget authority, $94,574,000,000.
(B) Outlays, $92,986,000,000.
Fiscal year 2031:
(A) New budget authority, $96,848,000,000.
(B) Outlays, $94,869,000,000.
Fiscal year 2032:
(A) New budget authority, $104,463,000,000.
(B) Outlays, $101,844,000,000.
Fiscal year 2033:
(A) New budget authority, $107,160,000,000.(B) Outlays, $104,339,000,000.
Fiscal year 2034:
(A) New budget authority, $109,431,000,000.
(B) Outlays, $106,934,000,000.
(17) General Government (800):
Fiscal year 2025:
(A) New budget authority, $10,089,000,000.
(B) Outlays, $37,960,000,000.
Fiscal year 2026:
(A) New budget authority, $30,666,000,000.
(B) Outlays, $38,285,000,000.
Fiscal year 2027:
(A) New budget authority, $32,065,000,000.
(B) Outlays, $38,261,000,000.
Fiscal year 2028:
(A) New budget authority, $32,994,000,000.
(B) Outlays, $37,957,000,000.
Fiscal year 2029:
(A) New budget authority, $33,770,000,000.
(B) Outlays, $37,793,000,000.
Fiscal year 2030:
(A) New budget authority, $34,614,000,000.
(B) Outlays, $37,985,000,000.
Fiscal year 2031:
(A) New budget authority, $35,247,000,000.
(B) Outlays, $37,024,000,000.
Fiscal year 2032:
(A) New budget authority, $36,189,000,000.
(B) Outlays, $36,307,000,000.
Fiscal year 2033:
(A) New budget authority, $36,960,000,000.
(B) Outlays, $36,758,000,000.
Fiscal year 2034:
(A) New budget authority, $37,681,000,000.
(B) Outlays, $37,266,000,000.
(18) Net Interest (900):
Fiscal year 2025:
(A) New budget authority, $1,011,643,000,000.
(B) Outlays, $1,011,643,000,000.
Fiscal year 2026:
(A) New budget authority, $1,031,561,000,000.
(B) Outlays, $1,031,561,000,000.
Fiscal year 2027:
(A) New budget authority, $1,078,839,000,000.
(B) Outlays, $1,078,839,000,000.
Fiscal year 2028:
(A) New budget authority, $1,150,343,000,000.
(B) Outlays, $1,150,343,000,000.
Fiscal year 2029:
(A) New budget authority, $1,213,150,000,000.
(B) Outlays, $1,213,150,000,000.
Fiscal year 2030:
(A) New budget authority, $1,269,439,000,000.
(B) Outlays, $1,269,439,000,000.
Fiscal year 2031:
(A) New budget authority, $1,332,808,000,000.
(B) Outlays, $1,332,808,000,000.
Fiscal year 2032:
(A) New budget authority, $1,398,649,000,000.
(B) Outlays, $1,398,649,000,000.
Fiscal year 2033:
(A) New budget authority, $1,457,676,000,000.
(B) Outlays, $1,457,676,000,000.
Fiscal year 2034:
(A) New budget authority, $1,525,604,000,000.
(B) Outlays, $1,525,604,000,000.
(19) Allowances (920):
Fiscal year 2025:
(A) New budget authority, -$1,009,217,000,000.
(B) Outlays, -$987,791,000,000.
Fiscal year 2026:
(A) New budget authority, -$888,800,000,000.
(B) Outlays, -$900,514,000,000.
Fiscal year 2027:
(A) New budget authority, -$890,385,000,000.
(B) Outlays, -$894,905,000,000.
Fiscal year 2028:
(A) New budget authority, -$848,052,000,000.
(B) Outlays, -$850,422,000,000.
Fiscal year 2029:
(A) New budget authority, -$851,534,000,000.
(B) Outlays, -$852,928,000,000.
Fiscal year 2030:
(A) New budget authority, -$874,353,000,000.
(B) Outlays, -$874,414,000,000.
Fiscal year 2031:
(A) New budget authority, -$874,523,000,000.
(B) Outlays, -$874,523,000,000.
Fiscal year 2032:
(A) New budget authority, -$894,135,000,000.
(B) Outlays, -$894,135,000,000.
Fiscal year 2033:
(A) New budget authority, -$940,797,000,000.
(B) Outlays, -$940,797,000,000.
Fiscal year 2034:
(A) New budget authority, -$913,790,000,000.
(B) Outlays, -$913,790,000,000.
(20) 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.
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.
Subtitle B--Levels and Amounts in the SenateSec. 1201.
SEC. 1201. SOCIAL SECURITY IN THE SENATE.
SEC. 1201. SOCIAL SECURITY IN THE SENATE.
(a) Social Security Revenues.--For purposes of Senate enforcement
under sections 302 and 311 of the Congressional Budget Act of 1974 (2
U.S.C. 633 and 642), the amounts of revenues of the Federal Old-Age and
Survivors Insurance Trust Fund and the Federal Disability Insurance
Trust Fund are as follows:
Fiscal year 2025: $1,303,924,000,000.
Fiscal year 2026: $1,363,772,000,000.
Fiscal year 2027: $1,418,548,000,000.
Fiscal year 2028: $1,471,664,000,000.
Fiscal year 2029: $1,530,214,000,000.
Fiscal year 2030: $1,591,009,000,000.
Fiscal year 2031: $1,654,023,000,000.
Fiscal year 2032: $1,717,802,000,000.
Fiscal year 2033: $1,782,045,000,000.
Fiscal year 2034: $1,848,436,000,000.
(b) Social Security Outlays.--For purposes of Senate enforcement
under sections 302 and 311 of the Congressional Budget Act of 1974 (2
U.S.C. 633 and 642), the amounts of outlays of the Federal Old-Age and
Survivors Insurance Trust Fund and the Federal Disability Insurance
Trust Fund are as follows:
Fiscal year 2025: $1,413,704,000,000.
Fiscal year 2026: $1,496,321,000,000.
Fiscal year 2027: $1,585,393,000,000.
Fiscal year 2028: $1,686,625,000,000.
Fiscal year 2029: $1,786,673,000,000.
Fiscal year 2030: $1,890,273,000,000.
Fiscal year 2031: $1,998,509,000,000.
Fiscal year 2032: $2,111,591,000,000.
Fiscal year 2033: $2,224,104,000,000.
Fiscal year 2034: $2,324,902,000,000.
(c) Social Security Administrative Expenses.--In the Senate, the
amounts of new budget authority and budget outlays of the Federal Old-
Age and Survivors Insurance Trust Fund and the Federal Disability
Insurance Trust Fund for administrative expenses are as follows:
Fiscal year 2025:
(A) New budget authority, $6,400,000,000.
(B) Outlays, $6,332,000,000.
Fiscal year 2026:
(A) New budget authority, $6,268,000,000.
(B) Outlays, $6,287,000,000.
Fiscal year 2027:
(A) New budget authority, $6,455,000,000.
(B) Outlays, $6,422,000,000.
Fiscal year 2028:
(A) New budget authority, $6,644,000,000.
(B) Outlays, $6,584,000,000.
Fiscal year 2029:
(A) New budget authority, $6,832,000,000.
(B) Outlays, $6,765,000,000.
Fiscal year 2030:
(A) New budget authority, $7,033,000,000.
(B) Outlays, $6,963,000,000.
Fiscal year 2031:
(A) New budget authority, $7,233,000,000.
(B) Outlays, $7,162,000,000.
Fiscal year 2032:
(A) New budget authority, $7,437,000,000.
(B) Outlays, $7,365,000,000.
Fiscal year 2033:
(A) New budget authority, $7,651,000,000.
(B) Outlays, $7,576,000,000.
Fiscal year 2034:
(A) New budget authority, $7,869,000,000.
(B) Outlays, $7,792,000,000.Sec. 1202.
SEC. 1202. POSTAL SERVICE DISCRETIONARY ADMINISTRATIVE EXPENSES IN THE
SEC. 1202. POSTAL SERVICE DISCRETIONARY ADMINISTRATIVE EXPENSES IN THE
SENATE.
In the Senate, the amounts of new budget authority and budget
outlays of the Postal Service for discretionary administrative expenses
are as follows:
Fiscal year 2025:
(A) New budget authority, $268,000,000.
(B) Outlays, $268,000,000.
Fiscal year 2026:
(A) New budget authority, $279,000,000.
(B) Outlays, $279,000,000.
Fiscal year 2027:
(A) New budget authority, $289,000,000.
(B) Outlays, $289,000,000.
Fiscal year 2028:
(A) New budget authority, $299,000,000.
(B) Outlays, $299,000,000.
Fiscal year 2029:
(A) New budget authority, $309,000,000.
(B) Outlays, $309,000,000.
Fiscal year 2030:
(A) New budget authority, $319,000,000.
(B) Outlays, $319,000,000.
Fiscal year 2031:
(A) New budget authority, $330,000,000.
(B) Outlays, $330,000,000.
Fiscal year 2032:
(A) New budget authority, $341,000,000.
(B) Outlays, $341,000,000.
Fiscal year 2033:
(A) New budget authority, $352,000,000.
(B) Outlays, $352,000,000.
Fiscal year 2034:
(A) New budget authority, $364,000,000.
(B) Outlays, $364,000,000.
TITLE II--RECONCILIATIONSec. 2001.
SEC. 2001. RECONCILIATION IN THE HOUSE OF REPRESENTATIVES.
SEC. 2001. RECONCILIATION IN THE HOUSE OF REPRESENTATIVES.
(a) Submissions.--In the House of Representatives, not later than
May 9, 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 Committee 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 deficit by not more than $100,000,000,000 for
the period of fiscal years 2025 through 2034.
(3) Committee on education and workforce.--The Committee on
Education and Workforce shall submit changes in laws within its
jurisdiction 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 submit 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 period 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 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 period of fiscal years 2025 through
2034.
(9) Committee on oversight and government 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 infrastructure.--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.
(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.Sec. 2002.
SEC. 2002. RECONCILIATION IN THE SENATE.
SEC. 2002. RECONCILIATION IN THE SENATE.
(a) In General.--
(1) Submissions.--In the Senate, not later than May 9,
2025, the committees named in paragraph (2) shall submit their
recommendations to the Committee on the Budget of the Senate.
Upon receiving all such recommendations, the Committee on the
Budget of the Senate shall report to the Senate a
reconciliation bill carrying out all such recommendations
without any substantive revision.
(2) Instructions.--
(A) Committee on agriculture, nutrition, and
forestry.--The Committee on Agriculture, Nutrition, and
Forestry of the Senate shall report changes in laws
within its jurisdiction that reduce the deficit by not
less than $1,000,000,000 for the period of fiscal years
2025 through 2034.
(B) Committee on armed services.--The Committee on
Armed Services of the Senate shall report changes in
laws within its jurisdiction that increase the deficit
by not more than $150,000,000,000 for the period of
fiscal years 2025 through 2034.
(C) Committee on banking, housing, and urban
affairs.--The Committee on Banking, Housing, and Urban
Affairs of the Senate shall report changes in laws
within its jurisdiction that reduce the deficit by not
less than $1,000,000,000 for the period of fiscal years
2025 through 2034.
(D) Committee on commerce, science, and
transportation.--The Committee on Commerce, Science,
and Transportation of the Senate shall report changes
in laws within its jurisdiction that increase the
deficit by not more than $20,000,000,000 for the period
of fiscal years 2025 through 2034.
(E) Committee on energy and natural resources.--The
Committee on Energy and Natural Resources of the Senate
shall report changes in laws within its jurisdiction
that reduce the deficit by not less than $1,000,000,000
for the period of fiscal years 2025 through 2034.
(F) Committee on environment and public works.--The
Committee on Environment and Public Works of the Senate
shall report changes in laws within its jurisdiction
that increase the deficit by not more than
$1,000,000,000 for the period of fiscal years 2025
through 2034.
(G) Committee on finance.--The Committee on Finance
of the Senate shall report changes in laws within its
jurisdiction that increase the deficit by not more than
$1,500,000,000,000 for the period of fiscal years 2025
through 2034.
(H) Committee on health, education, labor, and
pensions.--The Committee on Health, Education, Labor,
and Pensions of the Senate shall report changes in laws
within its jurisdiction that reduce the deficit by not
less than $1,000,000,000 for the period of fiscal years
2025 through 2034.
(I) Committee on homeland security and governmental
affairs.--The Committee on Homeland Security and
Governmental Affairs of the Senate shall report changes
in laws within its jurisdiction that increase the
deficit by not more than $175,000,000,000 for the
period of fiscal years 2025 through 2034.
(J) Committee on the judiciary.--The Committee on
the Judiciary of the Senate shall report changes in
laws within its jurisdiction that increase the deficit
by not more than $175,000,000,000 for the period of
fiscal years 2025 through 2034.
(b) Increase in Statutory Debt Limit.--In the Senate, not later
than May 16, 2025, the Committee on Finance of the Senate shall report
changes in laws within its jurisdiction that increase the statutory
debt limit by not more than $5,000,000,000,000.
TITLE III--RESERVE FUNDSSec. 3001.
SEC. 3001. RESERVE FUND FOR RECONCILIATION LEGISLATION.
SEC. 3001. RESERVE FUND FOR RECONCILIATION LEGISLATION.
(a) House of Representatives.--
(1) 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 containing 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 resolution.
(2) Determination of compliance.--For purposes of this
subsection, compliance with the reconciliation instructions
under this concurrent resolution shall be determined by the
chair of the Committee on the Budget of the House of
Representatives.
(b) Senate.--
(1) In general.--In the Senate, the Chairman of the
Committee on the Budget of the Senate may revise the
allocations of a committee or committees, aggregates, and other
appropriate levels in this resolution, and make adjustments to
the pay-as-you-go ledger, for any bill or joint resolution
considered pursuant to section 2002 containing 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 resolution.
(2) Determination of compliance.--For purposes of this
section, compliance with the reconciliation instructions under
this concurrent resolution shall be determined by the Chairman
of the Committee on the Budget of the Senate.
(3) Exceptions for legislation.--
(A) Short-term.--Section 404 of S. Con. Res. 13
(111th Congress), the concurrent resolution on the
budget for fiscal year 2010, as amended by section
3201(b)(2) of S. Con. Res. 11 (114th Congress), the
concurrent resolution on the budget for fiscal year
2016, shall not apply to legislation for which the
Chairman of the Committee on the Budget of the Senate
has exercised the authority under paragraph (1).
(B) Long-term.--Section 3101 of S. Con. Res. 11
(114th Congress), the concurrent resolution on the
budget for fiscal year 2016, shall not apply to
legislation for which the Chairman of the Committee on
the Budget of the Senate has exercised the authority
under paragraph (1).Sec. 3002.
SEC. 3002. DEFICIT-NEUTRAL RESERVE FUND RELATING TO GOVERNMENT
SEC. 3002. DEFICIT-NEUTRAL RESERVE FUND RELATING TO GOVERNMENT
DEREGULATION.
The Chairman of the Committee on the Budget of the Senate may
revise the allocations of a committee or committees, aggregates, and
other appropriate levels in this resolution, and make adjustments to
the pay-as-you-go ledger, for one or more bills, joint resolutions,
amendments, amendments between the Houses, motions, or conference
reports relating to reducing burdensome and costly Federal Government
regulations by passing legislation focused on government deregulation
that will decrease new spending arising from such regulations and
reassert the proper constitutional role of Congress in the law-making
process by the amounts provided in such legislation for those purposes,
provided that such legislation would not increase the deficit over
either the period of the total of fiscal years 2025 through 2029 or the
period of the total of fiscal years 2025 through 2034.Sec. 3003.
SEC. 3003. SPENDING REDUCTION RESERVE FUND TO SAVE MORE THAN
SEC. 3003. SPENDING REDUCTION RESERVE FUND TO SAVE MORE THAN
$2,000,000,000,000.
The Chairman of the Committee on the Budget of the Senate may
revise the allocations of a committee or committees, aggregates, and
other appropriate levels in this resolution for one or more bills,
joint resolutions, amendments, amendments between the Houses, motions,
or conference reports relating to spending reforms that will--
(1) scrutinize line item expenditures, especially non-
defense spending that did not exist prior to or has grown
significantly since the start of the COVID-19 pandemic;
(2) fulfill the President's promise to protect the old-age,
survivors, and disability insurance benefits program under
title II of the Social Security Act (42 U.S.C. 401 et seq.),
the Medicare program under title XVIII of the Social Security
Act (42 U.S.C. 1395 et seq.), or the Medicaid program under
title XIX of the Social Security Act (42 U.S.C. 1396 et seq.),
including from waste, fraud, and abuse; and
(3) include policy changes that reduce the deficit through
reconciliation, executive action, or rescissions by Congress
and the President by more than $2,000,000,000,000 over 10
years,
by the amounts provided in such legislation for those purposes,
provided that such legislation would reduce outlays and the deficit
over the period of the total of fiscal years 2025 through 2034.Sec. 3004.
SEC. 3004. SPENDING-NEUTRAL RESERVE FUND RELATED TO CURRENT TAX POLICY
SEC. 3004. SPENDING-NEUTRAL RESERVE FUND RELATED TO CURRENT TAX POLICY
BASELINE.
The Chairman of the Committee on the Budget of the Senate may
revise the allocations of a committee or committees, aggregates, and
other appropriate levels in this resolution for one or more bills,
joint resolutions, amendments, amendments between the Houses, motions,
or conference reports relating to using more realistic assumptions
regarding current tax policy, which may include extending provisions
under Public Law 115-97 (131 Stat. 2054) (commonly known as the ``Tax
Cuts and Jobs Act of 2017'') in the baseline in order to prevent
massive tax increases on working families and small businesses, and to
align treatment of tax policy with major Federal spending programs,
without raising revenue, by the amounts provided in such legislation
for those purposes, provided that such legislation would not increase
the deficit over the period of the total of fiscal years 2025 through
2034.Sec. 3005.
SEC. 3005. DEFICIT-NEUTRAL RESERVE FUND RELATING TO PROTECTING MEDICARE
SEC. 3005. DEFICIT-NEUTRAL RESERVE FUND RELATING TO PROTECTING MEDICARE
AND MEDICAID.
The Chairman of the Committee on the Budget of the Senate may
revise the allocations of a committee or committees, aggregates, and
other appropriate levels in this resolution, and make adjustments to
the pay-as-you-go ledger, for one or more bills, joint resolutions,
amendments, amendments between the Houses, motions, or conference
reports relating to protecting the Medicaid program under title XIX of
the Social Security Act (42 U.S.C. 1396 et seq.), which may include
strengthening and improving Medicaid for the most vulnerable
populations, and extending the life of the Federal Hospital Insurance
Trust Fund, by the amounts provided in such legislation for those
purposes, provided that such legislation would not increase the deficit
over the period of the total of fiscal years 2025 through 2034.
TITLE IV--OTHER MATTERSSec. 4001.
SEC. 4001. ADJUSTMENT FOR SPENDING CUTS OF AT LEAST $2 TRILLION.
SEC. 4001. ADJUSTMENT FOR SPENDING CUTS OF AT LEAST $2 TRILLION.
(a) Adjustment if Deficit Reduction Target Not Achieved.--In the
House of Representatives, 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 $4,500,000,000,000 reconciliation instruction 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 Congressional 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 concurrent
resolution,
by an amount equal to the difference between $2,000,000,000,000 and the
total dollar amount of such recommendations.
(b) Adjustment if Deficit Reduction Target Exceeded.--In the House
of Representatives, 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 reduction 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 recommendations and $2,000,000,000,000.
(c) Certification Required for Adjustment.--No adjustment may be
made under subsection (a) or subsection (b) unless the chair of the
Committee on the Budget of the House, using cost estimates provided by
the Congressional Budget Office and the Joint Committee on Taxation (as
appropriate), certifies in writing that the applicable 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
(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.--In the House of
Representatives, the dollar amount resulting from any adjustment made
under this section to the reconciliation instruction for the Committee
on Ways and Means under paragraph (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 consistent with the goals of this concurrent
resolution, including 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 adjustment under this section
shall not be considered in violation of the budgetary levels
established by this concurrent resolution.Sec. 4002.
SEC. 4002. ENFORCEMENT FILING.
SEC. 4002. ENFORCEMENT FILING.
(a) In the House of Representatives.--In the House of
Representatives, if a concurrent resolution on the budget for fiscal
year 2025 is adopted without the appointment of a committee of
conference on the 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 allocations provided for in this
subsection shall apply in the House of Representatives in the same
manner as if such allocations were in a joint explanatory statement
accompanying 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, committee
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 Committee on
Appropriations, committee allocations consistent 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
Congressional Budget Act of 1974 (2 U.S.C. 633).
(b) In the Senate.--If this concurrent resolution on the budget is
agreed to by the Senate and House of Representatives without the
appointment of a committee of conference on the disagreeing votes of
the two Houses, the Chairman of the Committee on the Budget of the
Senate may submit a statement for publication in the Congressional
Record containing--
(1) for the Committee on Appropriations, committee
allocations for fiscal year 2025 consistent with the levels in
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 Committee on
Appropriations, committee allocations for fiscal years 2025,
2025 through 2029, and 2025 through 2034 consistent with the
levels in title I for the purpose of enforcing section 302 of
the Congressional Budget Act of 1974 (2 U.S.C. 633).Sec. 4003.
SEC. 4003. BUDGETARY TREATMENT OF ADMINISTRATIVE EXPENSES.
SEC. 4003. BUDGETARY TREATMENT OF ADMINISTRATIVE EXPENSES.
(a) Senate.--
(1) In general.--In the Senate, 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
accompanying this concurrent resolution on the budget or the
statement filed pursuant to section 4002(b), 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 Senate of amounts for the
discretionary administrative expenses of the Social Security
Administration and the United States Postal Service.
(2) Special rule.--In the Senate, for purposes of enforcingSec. 302
section 302(f) of the Congressional Budget Act of 1974 (2
section 302(f) of the Congressional Budget Act of 1974 (2
U.S.C. 633(f)), estimates of the level of total new budget
authority and total outlays provided by a measure shall include
any discretionary amounts described in paragraph (1).
(b) House of Representatives.--
(1) 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 accompanying this concurrent resolution
on the budget or the statement filed pursuant to section
4002(a), as applicable, shall include in an allocation underSec. 302
section 302(a) of the Congressional Budget Act of 1974 (2
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 Representatives of amounts for the discretionary
administrative expenses of the Social Security Administration
and the United States Postal Service.
(2) Special rule.--In the House of Representatives, for
purposes of enforcing section 302(f) of the Congressional
Budget Act of 1974 (2 U.S.C. 633(f)), estimates of the level of
total new budget authority and total outlays provided by a
measure shall include any discretionary amounts described in
paragraph (1).Sec. 4004.
SEC. 4004. APPLICATION AND EFFECT OF CHANGES IN ALLOCATIONS,
SEC. 4004. APPLICATION AND EFFECT OF CHANGES IN ALLOCATIONS,
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 consideration;
(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, Aggregates, and Other Budgetary
Levels.--Revised allocations, aggregates, and other budgetary levels
resulting from these adjustments shall be considered for the purposes
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 entitlement authority, revenues, deficits, and
surpluses for a fiscal 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.
(d) Aggregates, Allocations and Application.--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 budgetary levels of this concurrent
resolution shall not be subject to the point of order set forth in
clause 10 of rule XXI of the Rules of the House of Representatives.Sec. 4005.
SEC. 4005. ADJUSTMENTS TO REFLECT CHANGES IN CONCEPTS AND DEFINITIONS.
SEC. 4005. ADJUSTMENTS TO REFLECT CHANGES IN CONCEPTS AND DEFINITIONS.
(a) House of Representatives.--In the House of Representatives, the
chair of the Committee on the Budget may adjust the appropriate
aggregates, allocations, and other budgetary levels in this concurrent
resolution for any change in budgetary concepts 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)).
(b) Senate.--In the Senate, upon the enactment of a bill or joint
resolution providing for a change in concepts or definitions, the
Chairman of the Committee on the Budget of the Senate may make
adjustments to the levels and allocations in this concurrent resolution
in accordance with section 251(b) of the Balanced Budget and Emergency
Deficit Control Act of 1985 (2 U.S.C. 901(b)).Sec. 4006.
SEC. 4006. ADJUSTMENT FOR CHANGES IN THE BASELINE.
SEC. 4006. ADJUSTMENT FOR CHANGES IN THE BASELINE.
The chair of the Committee on the Budget of the House of
Representatives and the Chairman of the Committee on the Budget of the
Senate may adjust the allocations, aggregates, and other appropriate
budgetary levels in this concurrent resolution to reflect changes
resulting from the Congressional Budget Office's updates to its
baseline for fiscal years 2025 through 2034, including the effects of
legislation enacted before the date on which this concurrent resolution
is agreed to.Sec. 4007.
SEC. 4007. EXERCISE OF RULEMAKING POWERS.
SEC. 4007. EXERCISE OF RULEMAKING POWERS.
Congress adopts the provisions of this title--
(1) as an exercise of the rulemaking power of the Senate
and the House of Representatives, respectively, and as such
they shall be considered as part of the rules of each House or
of that House to which they specifically apply, and such rules
shall supersede other rules only to the extent that they are
inconsistent with such other rules; and
(2) with full recognition of the constitutional right of
either the Senate or the House of Representatives to change
those rules (insofar as they relate to that House) at any time,
in the same manner, and to the same extent as is the case of
any other rule of the Senate or House of Representatives.
TITLE V--POLICY STATEMENTS IN THE HOUSE OF REPRESENTATIVESSec. 5001.
SEC. 5001. POLICY STATEMENT ON ECONOMIC GROWTH.
SEC. 5001. POLICY STATEMENT ON ECONOMIC GROWTH.
(a) Findings.--The House finds the following:
(1) The rate of economic growth has a significant impact on
budget deficits. When the rate of gross domestic product (GDP)
increases, projected revenue grows with it and deficits
decline. Conversely, slower GDP growth can lead to lagging
revenues and mounting deficits.
(2) Federal policies affect the economy's potential to grow
and impact economic performance, influencing 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 generation of wealth than any other form
of economic system. 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.--In the House of Representatives, it
is the policy of this concurrent resolution to pursue policies that
embrace the free market and promote economic growth policies that--
(1) reduce Federal spending;
(2) expand American energy production;
(3) lower taxes that discourage work, savings, and
investment;
(4) deregulate the economy and enact reforms to diminish
bureaucratic red tape; and
(5) eliminate barriers to work so more Americans enter (or
reenter) the job market.Sec. 5002.
SEC. 5002. POLICY STATEMENT ON MANDATORY SPENDING REDUCTION.
SEC. 5002. POLICY STATEMENT ON MANDATORY SPENDING REDUCTION.
(a) Findings.--The House finds the following:
(1) The United States faces a significant debt crisis, with
the national debt currently exceeding $36 trillion, or 123
percent of GDP.
(2) Since 2019, mandatory spending has increased by 59
percent.
(3) This debt poses a significant risk to the country's
long-term fiscal sustainability, with implications for future
generations.
(4) Mandatory spending currently accounts for over 70
percent of the entire Federal budget.
(5) The deficit for fiscal year 2025 is projected to be
$1.9 trillion, or 6.2 percent of GDP.
(6) This fiscal year, net interest will total $952 billion,
or 3.2 percent of GDP.
(b) Policy on Mandatory Spending Reduction.--In the House of
Representatives, the goal of this concurrent resolution is to reduce
mandatory spending by $2 trillion over the budget window. If the
combined deficit reduction provided by authorizing 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. 5003.
SEC. 5003. POLICY STATEMENT ON GOVERNMENT DEREGULATION.
SEC. 5003. POLICY STATEMENT ON GOVERNMENT DEREGULATION.
(a) Findings.--The House finds the following:
(1) Regulations throughout the Federal Government have been
a major issue for decades, continuously growing while
negatively impacting the nation'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 regulatory
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 9,745 pages in
1950, making the size of the CFR today 95% larger than it was
in 1950.
(b) Policy Statement on Government Deregulation.--In this House of
Representatives, 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 regulations, but
to also reassert the role of Congress; and
(4) to enact legislation through reconciliation that
strengthens Congress, scales back Federal regulations, limits
future bureaucratic red tape, and unleashes economic growth,
such as the Regulations from the Executive in Need of Scrutiny
(REINS) Act.
Attest:
Secretary.
119th CONGRESS
1st Session
H. CON. RES. 14
_______________________________________________________________________
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