The main purpose of this legislation, known as the Forgotten Funds Act, is to reduce the federal budget deficit by taking back unused government funds. Specifically, it targets discretionary appropriations that have not been spent, allowing the government to reclaim these funds and use them to help lower the national debt. The key provisions of this act include the permanent rescission of any unobligated discretionary appropriations from the fiscal year 2021 and earlier. This means that any money that was allocated but not yet spent will be taken back by the government.