It’s About Time Act

# It's About Time Act (HR 5613) Summary **What the bill would do:** This bill would shift the federal government's fiscal year from its current schedule (October 1 – September 30) to the calendar year (January 1 – December 31). The change would take effect on January 1, 2027. Currently, the federal fiscal year starts three months before the calendar year, which means the government's budget cycle doesn't align with the calendar most Americans use. **Who it affects and key provisions:** The change would primarily affect Congress, federal agencies, and anyone involved in federal budgeting and appropriations.

It would simplify budget planning by aligning the government's fiscal year with the calendar year, potentially making it easier for Congress to coordinate budget decisions with state budgets and private sector planning, which typically follow the calendar year. **Current status:** The bill is currently in committee, meaning it has been introduced but has not yet been voted on by the full House. Representative Michael Turner (R-OH) sponsored the legislation.