It’s About Time Act
To change the calendar period of the Federal fiscal year.
This bill proposes to change the calendar period of the Federal fiscal year, which currently runs from October 1 to September 30. If passed, this change could impact how federal agencies budget and report their financials, potentially affecting the timing of government operations and planning cycles. The bill is co-sponsored by Democrats Jerrold Nadler and Eugene Vindman, and Republican Michael Turner, indicating a bipartisan effort.
The bill was introduced on September 26, 2025, and has been referred to the Committee on the Budget and the Committee on Oversight and Government Reform for further consideration. This means that experts in budgeting and government oversight will review the bill to understand its implications and determine its feasibility.
As of now, the bill is in its early stages and will need to go through several steps, including committee review, debate, and potential amendments before it can be voted on by the full House. Citizens interested in the outcome should stay tuned to updates on the legislative process.
