Section 1 Short title
This Act may be cited as the “Forgotten Funds Act”.
Forgotten Funds Act
A BILL
To rescind certain unobligated discretionary appropriations and require that such funds be used for Federal budget deficit reduction, and for other purposes.
Sec. 2 Rescission of unobligated funds
Rescission of unobligated funds— The unobligated balances of any discretionary appropriations made available for fiscal year 2021 and any previous fiscal year are hereby permanently rescinded.
Use for deficit reduction— Any amounts rescinded under subsection (a) shall be deposited in the general fund of the Treasury for the sole purpose of deficit reduction.