Emergency Fuel Reduction Act of 2014 - Amends the Healthy Forests Restoration Act of 2003 to categorically exclude an authorized hazardous fuel reduction project from the environmental review requirements of the National Environmental Policy Act of 1969 (NEPA) if the project:

• involves the removal of insect-infested trees, dead or dying trees, trees presenting a threat to public safety or electrical reliability, or the removal of other hazardous fuels near certain infrastructure;
• is intended to treat 10,000 acres or less of public land or National Forest System land that contains threatened and endangered species habitat, or provides conservation benefits to a state-listed species, a special concern species, or candidates for a listing under the Endangered Species Act of 1973; or
• is proposed to be conducted on federal land that is adjacent to non-federal land and on which conditions are determined to pose a risk to the non-federal land, or is recommended in a community wildfire protection plan if certain conditions are met.

Excludes from treatment under this Act land: (1) that is a component of the National Wilderness Preservation System, (2) on which the removal of vegetation is specifically prohibited by federal law, or (3) that is within a national monument.