Forgotten Funds Act

House Votes

This bill takes back leftover federal money from past budgets and uses it only to lower the national deficit. Specifically, it pulls back any unspent, uncommitted discretionary funds from the 2021 fiscal year and all years before that, and sends them to the U.S. Treasury to reduce the deficit .

Key points:

• Who is affected: Federal agencies and any programs or projects that were planning to use older, uncommitted funds. Some grants or contracts that weren’t finalized yet could lose that money.
• What changes: The government cancels these leftover funds and deposits them in the Treasury for deficit reduction only .
• When: Applies to funds from fiscal year 2021 and earlier, after the bill becomes law.