Passenger Fee Restructuring Exemptions Act of 2014 - Revises aviation security service fee requirements.

Makes an exception to the $5.60 per one-way trip fee for certain passengers for domestic flights that originate at a U.S. airport.

Limits such fees to $2.50 per enplanement, with the total not to exceed $5.00 per one-way trip, for any passengers: (1) boarding to an eligible small community for which essential air service compensation is paid; or (2) on flights, including flight segments, between two or more points in Hawaii or two or more points in Alaska.