Forgotten Funds Act

# Forgotten Funds Act Summary **What the Bill Would Do** The Forgotten Funds Act would take unused federal money from previous budgets (specifically from 2021 and earlier) and redirect it to pay down the national deficit. When Congress appropriates funds for government programs, agencies don't always spend every dollar allocated. This bill would reclaim those leftover amounts and apply them solely toward reducing the national debt rather than allowing them to be spent or carried forward to future years. **Who It Affects and Current Status** This bill would affect federal government agencies across all departments, as it targets unspent discretionary funds (money Congress sets aside each year for specific purposes like defense, transportation, and education).

The amount of money available could be substantial, depending on how much remains unspent from 2021 and earlier years. Currently, the bill is in committee and has not been voted on by the full House of Representatives, meaning it is still in the early stages of the legislative process.