The actor who played George W. Bush on Saturday Night Live and on Broadway will not be playing Ronald Reagan on the big screen – in fact, he never was formally signed on to do so. “The Reagan script is one of a number of scripts that had been submitted to Will Ferrell which he had considered,” said a spokesman for the Emmy nominee. “While it is by no means an ‘Alzheimer’s comedy,’ as has been suggested, Mr. Ferrell is not pursuing this project.”

The news comes a day after various outlets reported that the Funny or Die co-founder was on board for The Black List script from Mike Rosolio. It also comes after the 40th President’s son Michael Reagan and daughter Patti Davis both expressed outrage over the studioless and directorless project.

Announced in December in the 11th edition of the most-liked unproduced screenplays, Rosolio’s Reagan is set at the end of 1984. Having just been re-elected in a landslide, President Reagan is suffering from dementia. An intern who’s hoping to move up is tasked with trying to convince the former SAG leader that he is in a movie where he’s playing the President.

A live reading of the script was held at Hollywood’s Montalban Theater on March 5. Lena Dunham and Scandal’s Tony Goldwyn were scheduled to participate but dropped out.