Congress·In Committee·H.R. 5613

It’s About Time Act

Congress proposes shifting the federal budget year to Jan. 1–Dec. 31 starting in 2027

Sep 26, 2025·View on Congress.gov·Read full text

This bill is one vehicle in a longer effort. See the full story across every version.View effort →

StalledNext up: A house committeeNo action in 9 months

The It is About Time Act is currently sitting in the House Budget and Oversight and Government Reform committees. Nothing has happened with this bill since September 2025, and it is considered stalled. A House committee must take action before the bill can move forward.

Legislative Progress

House

No action since September 2025

Senate

President

Law

How we got here

This bill’s path across every version that has carried it.

Reintroduced
Reintroduced from H.R. 5612 (118th), which died when its Congress ended.
H.R. 5612 (118th) →

Key Points

Changes the federal government’s budget year to run from January 1 to December 31 instead of October 1 to September 30.
Starts the new fiscal year schedule on January 1, 2027, so budgeting and funding timelines would line up with the calendar year.
Requires Trump to send Congress a special “transition” budget for October 1, 2026 through December 31, 2026 (a short, 3‑month budget period).
Directs the budget office to guide agencies through the switch so payments, grants, and contracts keep running smoothly during the change.
Updates how future spending laws are read, so dates that used to mean Oct. 1 and Sept. 30 would mean Jan. 1 and Dec. 31 after 2026.

EconomyTaxesInfrastructure

Impact Analysis

Personal Impact

How this policy affects specific groups of people

Mixed Impacts(11)

Federal Employee

Neutral

Medicare

Neutral

Medicaid

Neutral

Social Security

Neutral

Disability Benefits

Neutral

Snap Food Stamps

Neutral

Housing Assistance

Neutral

Veterans Benefits

Neutral

Unemployment Benefits

Neutral

Retiree

Neutral

Chronic Illness

Neutral

State Impacts

District of ColumbiaDC

Mixed

The bill explicitly requires an orderly transition for the Government of the District of Columbia to the new Jan–Dec federal fiscal year. This could shift DC budget coordination and the timing of federally linked funding decisions, especially around the Oct–Dec 2026 transition period.

Milestones

2 milestones2 actions

Sep 26, 2025House

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.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

Sep 26, 2025

Introduced in House

The bill was officially filed and given a number. It now enters the legislative queue.

Source Information

Document Type

Congressional Bill

Official Title

It’s About Time Act

Bill NumberHR 5613

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReferred 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.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(2)

D: 2

Analysis generated by AI. Always verify with official sources.

It’s About Time Act

Legislative Progress

How we got here

Key Points

Impact Analysis

Personal Impact

State Impacts

Milestones

Related News

Reps. Turner and Nadler reintroduce bipartisan legislation to align government funding schedule with calendar year

Source Information

Data Sources

Sponsor

Cosponsors