In the nature of a substitute.

SA 1717. Mr. GRAHAM proposed an amendment to the concurrent
resolution 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; as
follows:

Strike all after the resolving clause and insert the
following:

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. Concurrent resolution on the budget for fiscal year 2025.

TITLE I--RECOMMENDED LEVELS AND AMOUNTS

Subtitle A--Budgetary Levels in Both Houses

Sec. 1101. Recommended levels and amounts.
Sec. 1102. Major functional categories.

Subtitle B--Levels and Amounts in the Senate

Sec. 1201. Social Security in the Senate.
Sec. 1202. Postal Service discretionary administrative expenses in the
Senate.

TITLE II--RECONCILIATION

Sec. 2001. Reconciliation in the House of Representatives.
Sec. 2002. Reconciliation in the Senate.

TITLE III--RESERVE FUNDS

Sec. 3001. Reserve fund for reconciliation legislation.
Sec. 3002. Deficit-neutral reserve fund relating to government
deregulation.
Sec. 3003. Spending reduction reserve fund to save more than
$2,000,000,000,000.
Sec. 3004. Spending-neutral reserve fund related to current tax policy
baseline.

TITLE IV--OTHER MATTERS

Sec. 4001. Adjustment for spending cuts of at least $2 trillion.

[[Page S2251]]

Sec. 4002. Enforcement filing.
Sec. 4003. Budgetary treatment of administrative expenses.
Sec. 4004. Application and effect of changes in allocations,
aggregates, and other budgetary levels.
Sec. 4005. Adjustments to reflect changes in concepts and definitions.
Sec. 4006. Adjustment for changes in the baseline.
Sec. 4007. Exercise of rulemaking powers.

TITLE V--POLICY STATEMENTS IN THE HOUSE OF REPRESENTATIVES

Sec. 5001. Policy statement on economic growth.
Sec. 5002. Policy statement on mandatory spending reduction.
Sec. 5003. Policy statement on Government deregulation.

TITLE I--RECOMMENDED LEVELS AND AMOUNTS

Subtitle A--Budgetary Levels in Both Houses

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. 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:

[[Page S2252]]

(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.

[[Page S2253]]

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 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.

[[Page S2254]]

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. 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--RECONCILIATION

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. 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

[[Page S2255]]

that increase the statutory debt limit by not more than
$5,000,000,000,000.

TITLE III--RESERVE FUNDS

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. 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. 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. 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.

TITLE IV--OTHER MATTERS

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. 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

[[Page S2256]]

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. 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 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).
(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 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 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. 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. 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. 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. 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 REPRESENTATIVES

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. 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. POLICY STATEMENT ON GOVERNMENT DEREGULATION.

(a) Findings.--The House finds the following:

[[Page S2257]]

(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.
______