Biennial Budgeting and Appropriations Act

This bill would change the federal budget process from an annual cycle to a biennial (every two years) cycle. It revises deadlines for key budget actions, requiring the President to submit a biennial budget by February 1st of odd-numbered years and Congress to complete budget resolutions by May 15th. The bill updates numerous references from "fiscal year" to "biennium" throughout budget-related laws, requiring budget resolutions and appropriations bills to cover two consecutive fiscal years. This change would directly affect the President, Congress, and federal agencies, which would need to adjust their budget planning and reporting processes to align with the new biennial cycle starting in 2026.