On October 1, 2025 the balances go to the Treasury and the account closes
What the document says“Effective on October 1, 2025, the obligated and unobligated balances of amounts in the Securities and Exchange Commission Reserve Fund shall be transferred to the general fund of the Treasury.”
The section transfers both the committed and the uncommitted balances of the Reserve Fund to the general fund of the Treasury on October 1, 2025, and provides that for the purposes of section 1555 of title 31, United States Code the Fund is considered closed once that transfer is made, and may not be used for any purpose after that.
What the document actually says“Effective on October 1, 2025, the obligated and unobligated balances of amounts in the Securities and Exchange Commission Reserve Fund shall be transferred to the general fund of the Treasury.”
On October 1, 2025 the fund is emptied. All of it goes to the Treasury. That covers cash already promised and cash not.
The account is then treated as closed. It may not be drawn on again. That holds for any purpose at all.
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