Forgotten Funds Act
119-HR-3785119th CongressIntroduced Jun 5, 2025Economics and Public Finance
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Referred to the House Committee on Appropriations.
Sponsor
Rep. Schweikert, David [R-AZ-1](R-AZ-1)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 It also requires the rescinded funds to be deposited into the Treasury for the sole purpose of deficit reduction.
Actions (3)
Referred to the House Committee on Appropriations.
Jun 5, 2025House floor actions
Introduced in House
Jun 5, 2025Library of Congress
Introduced in House
Jun 5, 2025Library of Congress