It’s About Time Act
HR 5612, the "It's About Time Act," changes the federal government's fiscal year to align with the calendar year. It shifts the start date from October 1 to January 1 and the end date from September 30 to December 31, effective January 1, 2025. The bill requires a transition budget for October 1-December 31, 2024, and updates all federal authorizations of appropriations to reflect the new fiscal year structure. This directly affects all federal agencies, departments, and the District of Columbia government, which must adjust their budgeting and appropriations processes to the new timeline.
Bill status
in committee
1 of 4 stages cleared
Introduction
Sep 2023
Committee Review
Floor Vote
President
Introduced Sep 20, 2023
Last action Sep 20, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Sep 20, 2023
Committee
Referred to the Committee on the Budget, and in addition to the Committee on Oversight and Accountability, 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.
lower
Sep 20, 2023
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
Ask Maddy
·
AI policy assistant
Ask Maddy about HR 5612
Scope: US
Hi! I can help you understand HR 5612. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline