Adjustment for spending cuts of at least $2 trillion

(a) Adjustment if deficit reduction target not achieved If one or more committees of the House of Representatives submit reconciliation recommendations pursuant to paragraphs (1), (3), (4), (5), (8), (9), or (10) of section 2001(b) and such recommendations do not, in total, achieve at least $2,000,000,000,000 in net deficit reduction over the period of fiscal years 2025 through 2034, the chair of the Committee on the Budget of the House shall reduce— (1) the $4,500,000,000 reconciliation 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 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 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.

(a) Adjustment if deficit reduction target not achieved If one or more committees of the House of Representatives submit reconciliation recommendations pursuant to paragraphs (1), (3), (4), (5), (8), (9), or (10) of section 2001(b) and such recommendations do not, in total, achieve at least $2,000,000,000,000 in net deficit reduction over the period of fiscal years 2025 through 2034, the chair of the Committee on the Budget of the House shall reduce— (1) the $4,500,000,000,000 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 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 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.