HR 3785 119th Congress House In Committee

Forgotten Funds Act

Latest action: Referred to the House Committee on Appropriations. · Jun 5, 2025

View full text on Congress.gov ↗ Policy area: Economics and Public Finance

Legislative 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 It also requires the rescinded funds to be deposited into the Treasury for the sole purpose of deficit reduction.

Source: Congressional Research Service (CRS).

Sponsor

Rep. Schweikert, David [R-AZ-1]
Independent · AZ

Track HR 3785 in BallotBox360

Get real-time bill updates, floor vote alerts, and AI-powered summaries — all in one app.

Download on iOS Open Web App