H.R. 3785 · Where this bill is now
In committee
Introduced in the House, sent to the Committee on Appropriations, Jun 5, 2025
What this bill does
In plain words · AI-written from the official summaryBill to reclaim unspent government money
The bill would take back federal money that was appropriated (set aside) for spending in 2021 or earlier years but never actually used. That reclaimed money would then go straight into the U.S. Treasury to help reduce the federal deficit, which is the difference between what the government spends and what it collects in revenue.
How it affects you
This bill doesn't directly change services or benefits for most people. However, it could indirectly affect federal programs and spending priorities, since reclaimed funds would go toward deficit reduction rather than remaining available for agency use. The specific impact would depend on which programs or agencies had unspent money that gets reclaimed.
Read the official summary (Introduced in House, Jun 5, 2025)
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 It also requires the rescinded funds to be deposited into the Treasury for the sole purpose of deficit reduction.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 3785
A BILL
Forgotten Funds Act
Sponsor: Rep. David Schweikert (R-AZ-1) · Introduced Jun 5, 2025 · Economics and Public Finance · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Jun 5, 2025: “Referred to the House Committee on Appropriations.”