Referred to the House Committee on Appropriations.
The Forgotten Funds Act permanently rescinds unobligated balances of discretionary appropriations from fiscal year 2021 and earlier. Rescinded amounts are deposited into the Treasury general fund specifically to be used for deficit reduction.
Progressive warns of program harm and lost future capacity
Relative to its intended legislative type, this bill clearly articulates a single substantive change (permanent rescission of unobligated discretionary balances from FY2021 and earlier and deposit for deficit reduction) but is narrowly drafted without the procedural, definitional, fiscal, or oversight detail typically expected for a broad rescission of appropriations.
The Forgotten Funds Act permanently rescinds unobligated balances of discretionary appropriations from fiscal year 2021 and earlier.
Rescinded amounts are deposited into the Treasury general fund specifically to be used for deficit reduction.
Clear, administrable fiscal goal but broad retroactive rescission lacks protections and will face institutional resistance.
Relative to its intended legislative type, this bill clearly articulates a single substantive change (permanent rescission of unobligated discretionary balances from FY2021 and earlier and deposit for deficit reduction) but is narrowly drafted without the procedural, definitional, fiscal, or oversight detail typically expected for a broad rescission of appropriations.
Progressive warns of program harm and lost future capacity
These are examples from the analysis, not a ranked list of the most-affected groups.
Progressive warns of program harm and lost future capacity
Likely views the bill skeptically because it permanently eliminates previously appropriated funds that may support programs.
Concern centers on blunt rescission authority, potential harm to multi‑year grants, and uncertain programmatic impacts.
Sees fiscal discipline as a legitimate goal but is uneasy about the bill's blunt, across‑the‑board approach.
Would favor targeted rescissions, clearer accounting, and safeguards for ongoing obligations.
Likely supportive because the bill reclaims unused discretionary funds for deficit reduction and imposes fiscal discipline.
Views permanent rescission as a straightforward way to reduce government waste.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Clear, administrable fiscal goal but broad retroactive rescission lacks protections and will face institutional resistance.
The bill has not accumulated any surfaced votes yet.
Progressive warns of program harm and lost future capacity
Clear, administrable fiscal goal but broad retroactive rescission lacks protections and will face institutional resistance.
Relative to its intended legislative type, this bill clearly articulates a single substantive change (permanent rescission of unobligated discretionary balances from FY2021 and earlier and deposit for deficit reduction)…
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