H.R. 5613 Introduced Economics and Public Finance

It’s About Time Act

To change the calendar period of the Federal fiscal year.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Turner, Michael R. [R-OH-10] Introduced September 26, 2025 Cosponsors 2 (2 D) Latest action September 26, 2025

Summary

It's About Time Act
This bill changes the calendar period for the federal fiscal year (currently October 1-September 30) to January 1-December 31 beginning on January 1, 2027.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Sep 26, 2025 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.
  2. Sep 26, 2025 Introduced in House

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