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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
This bill would permanently rescind unobligated balances of discretionary appropriations from fiscal year 2021 and all prior fiscal years. These are funds that were appropriated but not obligated to specific purposes. The rescinded amounts would be deposited in the general Treasury fund solely for reducing the federal budget deficit.
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)
Money behind the sponsor
Top reported contributors to David Schweikert’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $273,533
- CEO $16,700
- STENSON TAMADDON $13,700
- OPTIMA FINANCIAL GROUP $13,600
- BRODIE GENERATIONAL CAPITAL PARTNERS $13,200
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for David Schweikert → · Outside spending →
Actions (2)
- Jun 5, 2025 Referred to the House Committee on Appropriations. · house
- Jun 5, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
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discretionary appropriations made available for fiscal year 2021 and any previous fiscal year are hereby permanently rescinded.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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