HR 3785

Forgotten Funds Act

Summary

Forgotten Funds Act This bill rescinds the unobligated balances of discretionary appropriations that were provided for FY2021 or any previous fiscal year. It also requires the rescinded funds to be deposited into the Treasury for the sole purpose of deficit reduction. 

Bill status

Status: In committee
Sponsor: Rep. David Schweikert [R-AZ-1]
Cosponsors: 0
Policy area: Economics and Public Finance
Introduced: 2025-06-05
Latest action: 2025-06-05: Referred to the House Committee on Appropriations.

Committee referrals

Appropriations Committee: House · Referred To · 2025-06-05

Recent actions

2025-06-05: Referred to the House Committee on Appropriations.
2025-06-05: Introduced in House
2025-06-05: Introduced in House