H.Con.Res. 14 — 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.

This section directs House committees to submit recommendations to the Budget Committee by May 9, 2025, that reduce the deficit by at least $1.502 trillion or increase it by up to $4.8 trillion over fiscal years 2025 through 2034, broken down as follows: Agriculture ($230 billion reduction), Armed Services ($100 billion increase), Education and Workforce ($330 billion reduction), Energy and Commerce ($880 billion reduction), Financial Services ($1 billion reduction), Homeland Security ($90 billion increase), Judiciary ($110 billion increase), Natural Resources ($1 billion reduction), Oversight and Government Reform ($50 billion reduction), Transportation and Infrastructure ($10 billion reduction), and Ways and Means ($4.5 trillion increase). It also directs Ways and Means to increase the statutory debt limit by $4 trillion.

This section directs specified Senate committees to report changes in law by May 9, 2025, that reduce the deficit by at least $1 billion each for the Agriculture, Nutrition, and Forestry, Banking, Housing, and Urban Affairs, Energy and Natural Resources, and Health, Education, Labor, and Pensions Committees and increase the deficit by not more than specified amounts for the Armed Services ($150 billion), Commerce, Science, and Transportation ($20 billion), Environment and Public Works ($1 billion), Finance ($1.5 trillion), Homeland Security and Governmental Affairs ($175 billion), and Judiciary ($175 billion) Committees over fiscal years 2025 through 2034. It further directs the Committee on Finance to report changes increasing the statutory debt limit by not more than $5 trillion by May 16, 2025.

This section authorizes the chairs of the House and Senate Budget Committees to revise committee allocations, aggregates, and other appropriate levels to accommodate the budgetary effects of reconciliation legislation that complies with the instructions in this resolution. In the Senate, the chair may also adjust the pay-as-you-go ledger, and such legislation is exempt from the short-term budget rule in section 404 of S. Con. Res. 13 and the long-term budget rule in section 3101 of S. Con. Res. 11.

This section authorizes the Chairman of the Senate Budget Committee to revise allocations, aggregates, and other levels in the budget resolution and adjust the pay-as-you-go ledger for legislation reducing federal regulations, provided the legislation does not increase the deficit over fiscal years 2025 through 2029 or fiscal years 2025 through 2034.

This section authorizes the Chairman of the Senate Budget Committee to revise allocations, aggregates, and levels for legislation that reduces the deficit by more than $2 trillion over 10 years (FY2025 through 2034). The legislation must scrutinize post-pandemic non-defense spending, protect Social Security, Medicare, and Medicaid from waste, fraud, and abuse, and achieve the savings through reconciliation, executive action, or rescissions.

This section authorizes the Senate Budget Committee Chairman to revise allocations, aggregates, and other levels for legislation that incorporates extensions of the Tax Cuts and Jobs Act of 2017 into the current policy baseline, without raising revenue or increasing the deficit over fiscal years 2025 through 2034.

This section establishes a deficit-neutral reserve fund for FY2025 through FY2034 that authorizes the Senate Budget Committee Chair to revise allocations, aggregates, and the pay-as-you-go ledger for legislation protecting the Medicaid program under title XIX of the Social Security Act, strengthening Medicaid for vulnerable populations, and extending the Federal Hospital Insurance Trust Fund.

This section adjusts the House reconciliation instruction to the Committee on Ways and Means, currently set at $4.5 trillion, and related budget aggregates and allocations, by the amount by which other specified committees fall short of or exceed $2 trillion in net deficit reduction over fiscal years 2025 through 2034. The Budget Committee chair must certify the total using Congressional Budget Office and Joint Committee on Taxation estimates before any adjustment takes effect.

This section provides for the publication in the Congressional Record of committee allocations for fiscal year 2025, and for the periods of fiscal years 2025 through 2029 and 2025 through 2034, to enforce section 302 of the Congressional Budget Act of 1974 if the concurrent resolution on the budget for fiscal year 2025 is adopted without a conference committee.

This section directs that allocations to the Senate and House Appropriations Committees under the Congressional Budget Act include amounts for the discretionary administrative expenses of the Social Security Administration and the United States Postal Service. It requires that such amounts be counted in estimates of total new budget authority and outlays for purposes of enforcing spending limits under section 302(f) of the Act.

This section provides that adjustments to allocations, aggregates, and other budgetary levels in the concurrent resolution apply while a measure is under consideration, take effect upon enactment, and are published in the Congressional Record. It treats revised levels as the resolution's official figures for purposes of the Congressional Budget Act, requires the applicable Budget Committee chair to determine new budget authority, outlays, revenues, deficits, and surpluses, and exempts adjusted House measures from the point of order under clause 10 of rule XXI.

This section authorizes the chair of the House Budget Committee to adjust aggregates, allocations, and other budgetary levels in the 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. It authorizes the Senate Budget Committee chairman to make such adjustments upon enactment of a bill or joint resolution providing for the change.

This section authorizes the chairs of the House and Senate Budget Committees to adjust allocations, aggregates, and other budgetary levels in the concurrent resolution to reflect Congressional Budget Office baseline updates for fiscal years 2025 through 2034, including the effects of legislation enacted before the resolution's adoption.

This section adopts the provisions of this title as rules of the Senate and House of Representatives, superseding inconsistent rules of either chamber while preserving each chamber's constitutional right to amend its rules at any time.

This section states findings on the relationship between GDP growth and budget deficits and declares the policy of the House of Representatives to pursue free market policies that reduce federal spending, expand American energy production, lower taxes that discourage work and investment, deregulate the economy, and eliminate barriers to workforce participation.

This section states the policy of the House of Representatives to reduce mandatory spending by $2 trillion over the budget window, with a commensurate reduction in reconciliation instructions to the Committee on Ways and Means if authorizing committees provide less deficit reduction.

This section states findings that federal regulations have grown substantially since 1960, with real spending on regulatory agencies rising exponentially and the Code of Federal Regulations expanding from 22,877 pages in 1960 to nearly 200,000 pages today. It declares a policy that Congress should relieve regulatory burdens, reduce bureaucracy, reassert its legislative role, and enact legislation such as the REINS Act to limit future regulations and promote economic growth.