# 119-hr-3785: Forgotten Funds Act

119-hr-3785, Forgotten Funds Act, is a 119th Congress bill sponsored by Rep. Schweikert, David [R-AZ-1] (R-AZ); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-3785
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-3785
- Congress: 119
- Title: Forgotten Funds Act
- Status: introduced
- Introduced: 2025-06-05
- Sponsor: Rep. Schweikert, David [R-AZ-1] (R-AZ)
- Cosponsors: 0
- Policy area: Economics and Public Finance
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Permanently rescinds unobligated discretionary balances from fiscal year 2021 and earlier.** It would require those canceled funds to be deposited into the Treasury general fund and used only to reduce the federal deficit. - Federal agencies: Would lose access to any unobligated discretionary funds made available for FY2021 and prior years, eliminating those carryover balances for agency use. - Federal finances: The amounts rescinded would be transferred into the Treasury's general fund and designated solely for deficit reduction, redirecting prior-year unspent discretionary money to the federal ledger. *If enacted, the bill would lower the federal deficit by directing prior-year unobligated discretionary balances into the Treasury general fund.*

## Provisions PRIA read

- Pull back unspent federal program funds: mixed, high. If enacted, this would pull back unspent money from past discretionary budgets (fiscal year 2021 and earlier). Those funds would be permanently canceled and deposited into the Treasury's general fund. The money would be used only to reduce the federal deficit. It would take effect at enactment, wit…

## Related bills

- 119-hr-7705: Tribal Tax and Investment Reform Act of 2026
- 119-hr-4895: Afghan Adjustment Act
- 119-hr-2025: Northeastern Arizona Indian Water Rights Settlement Act of 2025
- 119-hr-4206: CONNECT for Health Act of 2025
- 119-hr-3466: SMART Act
- 119-hr-7971: Taxpayer Experience Improvement Act

## Sources
- [119-hr-3785 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/3785)

## Related
- [119-hr-7705: Tribal Tax and Investment Reform Act of 2026](https://policyrisk.com/legislation/119-hr-7705)
- [119-hr-4895: Afghan Adjustment Act](https://policyrisk.com/legislation/119-hr-4895)
- [119-hr-2025: Northeastern Arizona Indian Water Rights Settlement Act of 2025](https://policyrisk.com/legislation/119-hr-2025)
- [119-hr-4206: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-hr-4206)
- [119-hr-3466: SMART Act](https://policyrisk.com/legislation/119-hr-3466)
- [119-hr-7971: Taxpayer Experience Improvement Act](https://policyrisk.com/legislation/119-hr-7971)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-3785 (as of 2026-04-21).