A bill to align the fiscal year with the calendar year.

S 2950 would align the federal government's fiscal year with the calendar year by changing its start date from October 1 to January 1 and its end date from September 30 to December 31, effective for fiscal year 2026. The bill requires a transition budget for the period October 1, 2025, to December 31, 2025, and updates federal laws to reflect the new dates. It amends key legislation like the Congressional Budget Act to adjust deadlines and references to the fiscal year, including moving budget submission dates to align with the new cycle. This change directly affects all federal agencies, departments, and the District of Columbia government by shifting their budgeting and accounting processes to match the calendar year.