# 114-hr-4496: FUNDS Act

114-hr-4496, FUNDS Act, is a 114th Congress bill sponsored by Rep. Schweikert, David [R-AZ-1] (R-AZ); status Referred to the House Committee on the Judiciary. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-4496
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-4496
- Congress: 114
- Title: FUNDS Act
- Status: Referred to the House Committee on the Judiciary.
- Introduced: 2016-02-08
- Sponsor: Rep. Schweikert, David [R-AZ-1] (R-AZ)
- Cosponsors: 0
- Policy area: Economics and Public Finance
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Funding Unpaid National Debt with Settlements Act or the FUNDS Act This bill requires funds collected by the federal government through legal settlements, fines, and penalties (excluding penalties or interest collected by the Internal Revenue Service under the Internal Revenue Code) to be deposited in the general fund of the Treasury for deficit reduction. (Under current law, federal agencies are permitted to spend funds from certain settlements, fines, and penalties for specified purposes.)

## Related bills

- 114-hr-6433: Protect the Flag Act
- 114-hr-6427: Creating Financial Prosperity for Businesses and Investors Act
- 114-hr-6421: Anti-Semitism Awareness Act of 2016
- 114-hr-6304: To designate the facility of the United States Postal Service located at 501 North Main Street in Florence, Arizona, as the "Adolfo 'Harpo' Celaya Post Office".
- 114-hr-6067: Relief from Obamacare Exchange Failures Act
- 114-hr-6008: Transit Benefits Modernization Act

## Sources
- [114-hr-4496 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/4496)

## Related
- [114-hr-6433: Protect the Flag Act](https://policyrisk.com/legislation/114-hr-6433)
- [114-hr-6427: Creating Financial Prosperity for Businesses and Investors Act](https://policyrisk.com/legislation/114-hr-6427)
- [114-hr-6421: Anti-Semitism Awareness Act of 2016](https://policyrisk.com/legislation/114-hr-6421)
- [114-hr-6304: To designate the facility of the United States Postal Service located at 501 No…](https://policyrisk.com/legislation/114-hr-6304)
- [114-hr-6067: Relief from Obamacare Exchange Failures Act](https://policyrisk.com/legislation/114-hr-6067)
- [114-hr-6008: Transit Benefits Modernization Act](https://policyrisk.com/legislation/114-hr-6008)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-4496 (as of 2025-11-18).