Bill · H.R. 5613· House(119-HR-5613)
It’s About Time Act
- Introduced
- 9/26/2025
- Last activity
- 9/26/2025 — 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.
- Sponsored by
- Michael Turner
- Cosponsors
- - 0 - 2
- Introduced
- In Committee
What this bill would do
This bill, titled the "It's About Time Act," aims to change the calendar period of the Federal fiscal year. It seeks to amend the United States Code so that the fiscal year begins on January 1 and ends on December 31. These changes are scheduled to become effective on January 1, 2027. The legislation includes requirements for the President to submit budget estimates for a transition period in late 2026. It also mandates that the Director of the Office of Management and Budget oversee the orderly transition for all federal entities.
Yes
Does this give the federal government more power?+1
The bill centralizes the transition process under the direction of the Office of Management and Budget.
Does this make what the government does easier for the public to see?+1
The bill requires the President to submit detailed budget estimates for the transition period to Congress.
Does this make the government pay for what it commits to?+1
The bill mandates budget estimates for the transition period to ensure financial oversight during the shift to a new fiscal year.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Orderly Transition of Government Entities: The bill requires the Director of the Office of Management and Budget to provide for an "orderly transition" for all departments, agencies, instrumentalities of the Federal Government, and the Government of the District of Columbia (Section 2(b)(2)).
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Budgetary Planning for the Transition Period: The President is tasked with preparing and submitting budget estimates for the specific period between October 1, 2026, and December 31, 2026, to ensure Congress has necessary financial details (Section 2(b)(1)(A)).
Potential Negative Impacts for People
- Requirement for Additional Legislation: The President and the Director of the Office of Management and Budget may need to propose new legislation to facilitate the changes in law and the transition of the fiscal year (Section 2(b)(1)(B) and Section 2(b)(2)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Governance And Ideology
- Improves Government Transparency+1Increases Federal Power+1
- Economy And Finance
- Improves Fiscal Responsibility+1
- 10/10/2025
- 1 Cosponsor added.
- 9/26/2025
- 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.
- 1 Cosponsor added.
- Introduced in House
Jerrold NadlerDemocrat · New York
Eugene VindmanDemocrat · Virginia