To make 2 percent across-the-board rescissions in non-defense, non-homeland-security discretionary spending for fiscal year 2005.

Provides a two-percent rescission in the: (1) budget authority provided (or obligation limitation imposed) for FY 2005 for any non-defense, non-homeland-security discretionary account in any FY 2005 appropriation Act; (2) budget authority provided in any advance appropriation for FY 2005 for such account in any prior fiscal year appropriation Act; and (3) contract authority provided in FY 2005 for any program that is subject to a limitation contained in any FY 2005 appropriation Act for the account.

Excludes any account: (1) included in a Department of Defense Appropriations Act, Department of Homeland Security Appropriations Act, or Military Construction Appropriations Act; or (2) for Department of Energy defense activities included in an Energy and Water Development Appropriations Act.