It’s About Time Act
Sponsored By: Representative Turner (OH)
Introduced
Summary
Shift the federal fiscal year to the calendar year. This bill would move the federal government’s fiscal year from October 1–September 30 to January 1–December 31, with the change taking effect January 1, 2027.
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- Federal agencies and the District of Columbia would follow an Office of Management and Budget transition plan and related regulations to realign budgets, accounting, and program schedules to the new calendar year.
- The President would prepare and submit a short transition budget for the partial year October 1, 2026 through December 31, 2026 after consulting the House and Senate Budget and Appropriations Committees, including estimates and proposed legislation to authorize appropriations for that period.
- Existing laws that authorize appropriations beginning October 1 or ending September 30 after 2026 would be read as starting January 1 or ending December 31, and appropriation act titles would be updated to reflect December 31 for fiscal years starting in 2027 or later.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Federal budget year would match calendar year
If enacted, the federal fiscal year would run January 1 to December 31 starting January 1, 2027. A short transition budget would cover October 1 to December 31, 2026. The President would send that plan to Congress after consulting the budget and appropriations committees. OMB would set rules to move all agencies and the District of Columbia to the new schedule, and could propose more legislation if needed. After 2026, laws that start on October 1 would be read as starting January 1 of the next year, and laws that end on September 30 would be read as ending December 31 of that year. Any reference to fiscal year 2027 or later would mean the year that ends December 31 of the calendar year with the same number. Titles of appropriation acts would be updated to reflect December 31 as the end date. If passed, this could change when budgets, funding bills, grants, and contracts are timed.
Sponsors & CoSponsors
Sponsor
Turner (OH)
OH • R
Cosponsors
Rep. Nadler, Jerrold [D-NY-12]
NY • D
Sponsored 9/26/2025
Rep. Vindman, Eugene Simon [D-VA-7]
VA • D
Sponsored 10/10/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov