1. Short title This Act may be cited as the Budgeting for Disasters Act . 2. Termination of exemptions from the annual budget caps Subparagraphs (D) and (F) of section 251(b)(2) of the Balanced Budget and Emergency Deficit Control Act of 1985 ( 2 U.S.C. 901(b)(2) ) shall not apply with respect to fiscal year 2025, or any fiscal year thereafter. 3. Emergency spending point of order (a) In general Section 314(e)(2) of the Congressional Budget Act of 1974 ( 2 U.S.C. 645(e)(2) ) is amended by striking three-fifths each place it appears and inserting two-thirds . (b) Effective date The amendments made by subsection (a) shall— (1) take effect on the date of enactment of this Act; and (2) apply with respect to fiscal year 2025, and each fiscal year thereafter. 4. GAO review of emergency spending (a) Definitions In this section— (1) the term designated as being for an emergency requirement , with respect to amounts appropriated, means that the amounts are designated as an emergency requirement pursuant to— (A) section 251(b)(2)(A)(i) of the Balanced Budget and Emergency Deficit Control Act of 1985 ( 2 U.S.C. 901(b)(2)(A)(i) ); or (B) a provision of a concurrent resolution on the budget; (2) the term designated as being for disaster relief , with respect to amounts appropriated, means that the amounts are designated as being for disaster relief pursuant to section 251(b)(2)(D) of the Balanced Budget and Emergency Deficit Control Act of 1985 ( 2 U.S.C. 901(b)(2)(D) ); (3) the term emergency means an emergency declared by the President under section 501 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( 42 U.S.C. 5191 )