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119th CONGRESS
1st Session |
To rescind certain unobligated discretionary appropriations and require that such funds be used for Federal budget deficit reduction, and for other purposes.
Mr. Schweikert introduced the following bill; which was referred to the Committee on Appropriations
To rescind certain unobligated discretionary appropriations and require that such funds be used for Federal budget deficit reduction, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Forgotten Funds Act”.
SEC. 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discretionary appropriations made available for fiscal year 2021 and any previous fiscal year are hereby permanently rescinded.
(b) Use for deficit reduction.—Any amounts rescinded under subsection (a) shall be deposited in the general fund of the Treasury for the sole purpose of deficit reduction.