119 HR 3785 IH: Forgotten Funds Act U.S. House of Representatives 2025-06-05 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I119th CONGRESS1st SessionH. R. 3785IN THE HOUSE OF REPRESENTATIVESJune 5, 2025Mr. Schweikert introduced the following bill; which was referred to the Committee on AppropriationsA BILLTo rescind certain unobligated discretionary appropriations and require that such funds be used for Federal budget deficit reduction, and for other purposes.

1.

Short title

This Act may be cited as the Forgotten Funds Act.

2.

Rescission of unobligated funds

(a)

Rescission of unobligated funds

The unobligated balances of any discretionary appropriations made available for fiscal year 2021 and any previous fiscal year are hereby permanently rescinded. (b)

Use for deficit reduction

Any amounts rescinded under subsection (a) shall be deposited in the general fund of the Treasury for the sole purpose of deficit reduction.