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To rescind certain unobligated discretionary appropriations and require that such funds be used for Federal budget deficit reduction, and for other purposes.
Summary
- Permanently rescinds all unobligated balances from discretionary appropriations made in fiscal year 2021 and all previous fiscal years.
- Deposits all rescinded amounts in the general fund of the Treasury exclusively for deficit reduction.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
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![Rep. Schweikert, David [R-AZ-1]](https://media.civicgate.org/people/d/politicians/S001183.thumb.jpg)
Rep. Schweikert, David (R-AZ) [#1]
Actions (2)
- Jun 5, 2025 Referred to the House Committee on Appropriations. · house
- Jun 5, 2025 Introduced in House
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Text versions (1)
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Full text
IN THE HOUSE OF REPRESENTATIVES
June 5, 2025
Mr. Schweikert introduced the following bill; which was referred to the Committee on Appropriations
A BILL
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,
SECTION 1. SHORT TITLE.
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discretionary appropriations made available for fiscal year 2021 and any previous fiscal year are hereby permanently rescinded.
(b) Use for Deficit Reduction.—Any amounts rescinded under subsection (a) shall be deposited in the general fund of the Treasury for the sole purpose of deficit reduction. <all>
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