It’s About Time Act

I 117TH CONGRESS 1ST SESSION H. R. 3955 To change the calendar period of the Federal fiscal year. IN THE HOUSE OF REPRESENTATIVES JUNE 16, 2021 Mr. TURNER introduced the following bill; which was referred to the Com- mittee 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 jurisdic- tion of the committee concerned A BILL To change the calendar period of the Federal fiscal year. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘It’s About Time Act’’. 4 SEC. 2. CHANGE OF FISCAL YEAR. 5 (a) IN GENERAL.— 6 (1) CHANGE OF CALENDAR PERIOD.—Section 7 1102 of title 31, United States Code, is amended— 8 (A) by striking ‘‘October 1’’ and inserting 9 ‘‘January 1’’; and 10 VerDate Sep 11 2014 00:29 Jul 03, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H3955.IH H3955 kjohnson on DSK79L0C42PROD with BILLS 2 •HR 3955 IH (B) by striking ‘‘September 30 of the fol- 1 lowing year’’ and inserting ‘‘December 31 of 2 that year’’. 3 (2) EFFECTIVE DATE.—The amendments made 4 by paragraph (1) shall be effective on January 1, 5 2023. 6 (b) TRANSITION TO NEW FISCAL YEAR.— 7 (1) TRANSITION PERIOD BUDGET.—As soon as 8 practicable, the President shall prepare and submit 9 to Congress— 10 (A) after consultation with the Committees 11 on the Budget and the Committees on Appro- 12 priations of the House of Representatives and 13 the Senate, budget estimates for the Federal 14 government for the period commencing October 15 1, 2022, and ending on December 31, 2022, in 16 such form and detail as the President may de- 17 termine; and 18 (B) proposed legislation the President con- 19 siders appropriate with respect to changes in 20 law necessary to provide authorizations of ap- 21 propriations for that period. 22 (2) AGENCY TRANSITION.—The Director of the 23 Office of Management and Budget shall provide by 24 regulation, order, or otherwise for the orderly transi- 25 VerDate Sep 11 2014 00:29 Jul 03, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H3955.IH H3955 kjohnson on DSK79L0C42PROD with BILLS 3 •HR 3955 IH tion by all departments, agencies, and instrumental- 1 ities of the Federal government and the government 2 of the District of Columbia from the use of the fiscal 3 year in effect on the date of the enactment of this 4 Act to the use of the new fiscal year prescribed in 5 subsection (a). The Director shall prepare and sub- 6 mit to Congress such additional proposed legislation 7 as the Director considers necessary to accomplish 8 this objective. 9 (c) CONVERSION OF AUTHORIZATIONS OF APPRO- 10 PRIATIONS.—Any law providing for an authorization of 11 appropriations commencing on October 1 of a year shall, 12 if that year is any year after 2021, be considered as mean- 13 ing January 1 of the following year. Any law providing 14 for an authorization of appropriations ending on Sep- 15 tember 30 of a year shall, if that year is any year after 16 2022, be considered as meaning December 31 of that year. 17 Any law providing for an authorization of appropriations 18 for the fiscal year 2023 or any fiscal year thereafter shall 19 be construed as referring to that fiscal year ending on De- 20 cember 31 of the calendar year having the same calendar 21 year number as the fiscal year number. 22 (d) TITLE OF APPROPRIATION ACTS.— 23 VerDate Sep 11 2014 00:29 Jul 03, 2021 Jkt 019200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H3955.IH H3955 kjohnson on DSK79L0C42PROD with BILLS 4 •HR 3955 IH (1) IN GENERAL.—Section 105 of title 1, 1 United States Code, is amended by striking ‘‘Sep- 2 tember 30’’ and inserting ‘‘December 31’’. 3 (2) EFFECTIVE DATE.—The amendment made 4 by paragraph (1) shall be effective for any fiscal 5 year commencing on or after January 1, 2023. 6 Æ VerDate Sep 11 2014 00:29 Jul 03, 2021 Jkt 019200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6301 E:\BILLS\H3955.IH H3955 kjohnson on DSK79L0C42PROD with BILLS