It’s About Time Act

Sponsor: Michael R. Turner (Republican-OH)September 26, 2025

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Referred to the Committee on the Budget, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Shifts the government's budget year to match the regular calendar year.

This bill would change when the federal government's budget year starts and ends. Instead of running from October 1 to September 30, the government's budget year would run from January 1 to December 31, starting in 2027. This change aims to align federal budgeting with the regular calendar year, requiring a special three-month budget for the end of 2026.

What Would Change

Currently, the federal government's budget year runs from October 1 to September 30 of the following year. If this bill passes, starting January 1, 2027, the budget year would run from January 1 to December 31, aligning with the regular calendar year. There would also be a unique three-month budget period from October 1, 2026, to December 31, 2026, to bridge the change.

Key Provisions

Changes the federal government's budget year to run from January 1 to December 31, instead of October 1 to September 30.
Makes this new budget year schedule effective starting on January 1, 2027.
Requires the President to prepare a special budget for a three-month transition period from October 1, 2026, to December 31, 2026.
Requires the President to propose new laws needed to set aside money for this three-month transition period.
Directs the Office of Management and Budget to guide all federal agencies and the District of Columbia government through the change to the new budget year.
Clarifies that any existing laws about setting aside money for programs would be interpreted to fit the new January 1 to December 31 budget year after 2026.

View on Congress.gov

HR 5613 · 119th Congress · September 26, 2025 · AI Summary by gemini-2.5-flash · 8/10

It’s About Time Act

What Would Change

Key Provisions

Lobbying Activity