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US HR5264

US HR5264
It’s About Time Act


summary

Introduced
11/22/2019
In Committee
11/22/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To change the calendar period of the Federal fiscal year. This bill changes the calendar period for the federal fiscal year (currently October 1 through September 30) to January 1 through December 31 beginning in 2020.

AI Summary

This bill, the "It's About Time Act," changes the calendar period for the federal fiscal year from the current October 1 through September 30 to January 1 through December 31, beginning in 2020. The bill also provides for a transition period from October 1 to December 31, 2019, and directs the President to prepare and submit budget estimates and proposed legislation for this transition period. Additionally, the bill amends existing laws to ensure that authorizations of appropriations are properly aligned with the new fiscal year.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to the Committee on the Budget, and in addition to the Committee on Oversight and 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. (on 11/22/2019)

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