RECORD Act of 2014

Retention of Electronic Correspondence Of Regulatory Decisions Act of 2014 or the RECORD Act of 2014 - Requires the records management program maintained by each federal agency head to provide for: (1) the identification and automatic retention of electronic mail (email) accounts that should be preserved as permanent federal records, including the accounts of such head and specified other agency officials and employees; and (2) the electronic capture, management, and preservation of those email accounts in accordance with records disposal requirements such that electronic records are readily accessible for retrieval through electronic searches and there are mandatory minimum functional requirements for electronic records management systems to ensure compliance with program requirements.

Directs the Comptroller General to evaluate and report to Congress not less than every two years on agency management of email records.

Amends the Inspector General Act to make it the responsibility of each Inspector General to: (1) review legislation and regulations relating to records retention requirements under the Federal Records Act for entity programs and operations, and (2) make recommendations in such Inspector General's semiannual reports concerning compliance with such requirements.