What This Bill Does · Plain English
Summary · Congress.gov
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 It also requires the rescinded funds to be deposited into the Treasury for the sole purpose of deficit reduction.
Action Timeline
2025-06-05
Introduced in House
2025-06-05
Referred to the House Committee on Appropriations.
2025-06-05
Introduced in House
Frequently Asked Questions
Did HR.3785 pass?
HR.3785 is still alive. Current stage: COMMITTEE. Pass likelihood: pending.
What does HR.3785 do?
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 It also requires the rescinded funds to be deposited into the Treasury for the sole purpose of deficit reduction.
Who sponsored HR.3785?
HR.3785 was sponsored by David Schweikert (R-Arizona).
Full Bill Text
119 HR 3785 IH: Forgotten Funds Act U.S. House of Representatives 2025-06-05 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I 119th CONGRESS 1st Session H. R. 3785 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. 1. Short title This Act may be cited as the Forgotten Funds Act . 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discretionary appropriations made available for fiscal year 2021 and any previous fiscal year are hereby permanently rescinded. (b) Use for deficit reduction Any amounts rescinded under subsection (a) shall be deposited in the general fund of the Treasury for the sole purpose of deficit reduction.
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