H.R. 5613 · Where this bill is now
In committee
Introduced in the House, sent 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, Sep 26, 2025
What this bill does
In plain words · AI-written from the official summaryFederal fiscal year shifts to calendar year
Right now, the federal government's fiscal year runs from October 1 to September 30, which doesn't match the calendar year that most people use. This bill would change that. Starting January 1, 2027, the federal fiscal year would run from January 1 to December 31 instead, aligning with the regular calendar year.
How it affects you
This change mainly affects federal employees, contractors, and organizations that work with federal budgets and spending plans. For most everyday people, it won't create a direct change in your life, though it could eventually simplify how federal finances are reported and discussed in public conversations about government spending.
Read the official summary (Introduced in House, Sep 26, 2025)
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.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 5613
A BILL
It’s About Time Act
Sponsor: Rep. Michael R. Turner (R-OH-10) · Introduced Sep 26, 2025 · Economics and Public Finance · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action 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.”