It’s About Time Act
Congress proposes shifting the federal budget year to Jan. 1–Dec. 31 starting in 2027
Stalled
No legislative action in over 90 days.
Legislative Progress
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.
Impact Analysis
Personal Impact
How this policy affects specific groups of people
State Impacts
Milestones
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.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
It’s About Time Act
Data Sources
Sponsor
Cosponsors
(2)Analysis generated by AI. Always verify with official sources.