Bill · H.R. 3785· House(119-HR-3785)
Forgotten Funds Act
- Introduced
- 6/5/2025
- Last activity
- 6/5/2025 — Referred to the House Committee on Appropriations.
- Sponsored by
- David Schweikert
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, titled the "Forgotten Funds Act," aims to rescind certain unobligated discretionary appropriations. It specifically targets any unobligated balances from fiscal year 2021 and all previous fiscal years. These rescinded funds are to be permanently removed. The law requires that all such amounts be deposited into the general fund of the Treasury. The sole purpose of this deposit must be for Federal budget deficit reduction.
Yes· 3 of 4
Does this reduce what the federal government spends?+7
By rescinding unobligated discretionary appropriations, the bill effectively reduces active government spending.
Does this reduce what the federal government owes?+5
The bill explicitly directs rescinded funds toward federal deficit reduction.
Does this make the government pay for what it commits to?+5
The bill promotes fiscal responsibility by returning unspent funds to the Treasury to pay down debt.
The opposite· 3 of 4
Does this put more money into public schools?-2
The rescission of unobligated funds may impact future public school funding levels.
Does this put more money into scientific research?-2
The rescission of unobligated funds could impact pending research grant allocations.
Does this put more money into Medicare, the health coverage for people over 65?-2
The rescission of unobligated funds could negatively impact unspent Medicare allocations.
Who it would affect, and how
Potential Positive Impacts for People
- Deficit Reduction: The bill directs that rescinded amounts be used for the sole purpose of reducing the Federal budget deficit (Section 2, subsection b). This could benefit the public by addressing the national debt.
Potential Negative Impacts for People
- Loss of Discretionary Funding: The bill permanently rescinds the unobligated balances of any discretionary appropriations from fiscal year 2021 and any previous fiscal year (Section 2, subsection a). This removes available funds that were previously made available for various discretionary purposes.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Reduces Government Spending+7Improves Fiscal Responsibility+5Reduces National Debt+5Reduces Inflation+1
- Education And Technology
- Increases Public School Funding-2Increases Scientific Research Funding-2
- Healthcare
- Increases Medicaid Funding-2Increases Medicare Funding-2
- 6/5/2025
- Referred to the House Committee on Appropriations.
- Introduced in House