[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 2950 Introduced in Senate (IS)]
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118th CONGRESS
1st Session
S. 2950
To align the fiscal year with the calendar year.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
September 27 (legislative day, September 22), 2023
Mr. Kaine introduced the following bill; which was read twice and
referred to the Committee on Homeland Security and Governmental Affairs
_______________________________________________________________________
A BILL
To align the fiscal year with the calendar year.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. CHANGE OF FISCAL YEAR.
(a) In General.--
(1) Change of calendar period.--Section 1102 of title 31,
United States Code, is amended--
(A) by striking ``October 1'' and inserting
``January 1''; and
(B) by striking ``September 30 of the following
year'' and inserting ``December 31 of that year''.
(2) Effective date.--The amendments made by paragraph (1)
shall take effect on January 1, 2026.
(b) Transition to New Fiscal Year.--
(1) Transition period budget.--As soon as practicable, the
President shall prepare and submit to Congress--
(A) after consultation with the Committee on the
Budget and the Committee on Appropriations of the House
of Representatives and the Committee on the Budget and
the Committee on Appropriations of the Senate, budget
estimates for the Federal Government for the period
commencing October 1, 2025, and ending on December 31,
2025, in such form and detail as the President may
determine; and
(B) proposed legislation the President considers
appropriate with respect to changes in law necessary to
provide authorizations of appropriations for that
period.
(2) Agency transition.--The Director of the Office of
Management and Budget shall--
(A) provide by regulation, order, or otherwise for
the orderly transition by all departments, agencies,
and instrumentalities of the Federal Government and the
government of the District of Columbia from the use of
the fiscal year in effect on the date of the enactment
of this Act to the use of the new fiscal year
prescribed under the amendments made by subsection (a);
and
(B) prepare and submit to Congress such additional
proposed legislation as the Director considers
necessary to accomplish the orderly transition to such
new fiscal year.
(c) Accounting Procedures.--
(1) In general.--Section 1552(a) of title 31, United States
Code, is amended by striking ``September 30'' and inserting
``December 31''.
(2) Effective date.--The amendment made by paragraph (1)
shall apply with respect to any fiscal year commencing on or
after January 1, 2026.
(d) Conversion of Authorizations of Appropriations.--Any law
providing for an authorization of appropriations commencing on October
1 of a year shall, if that year is any year after 2025, be considered
as meaning January 1 of the following year. Any law providing for an
authorization of appropriations ending on September 30 of a year shall,
if that year is any year after 2025, be considered as meaning December
31 of that year. Any law providing for an authorization of
appropriations for the fiscal year 2026 or any fiscal year thereafter
shall be construed as referring to that fiscal year ending on December
31 of the calendar year having the same calendar year number as the
fiscal year number.
(e) Title of Appropriation Acts.--
(1) In general.--Section 105 of title 1, United States
Code, is amended by striking ``September 30'' and inserting
``December 31''.
(2) Effective date.--The amendment made by paragraph (1)
shall apply with respect to any fiscal year commencing on or
after January 1, 2026.
SEC. 2. CONFORMING AMENDMENTS.
(a) In General.--
(1) Section 202(e) of the Congressional Budget and
Impoundment Control Act of 1974 (2 U.S.C. 602(e)) is amended--
(A) in paragraph (1), in the first sentence--
(i) by striking ``February 15'' and
inserting ``May 15''; and
(ii) by striking ``October 1 of that year''
and inserting ``January 1 of the next calendar
year''; and
(B) in paragraph (3)--
(i) by striking ``On or before January 15
of each year'' and inserting ``On or before
April 15 of each year'';
(ii) by striking ``September 30'' each
place it appears and inserting ``December 31'';
and
(iii) by striking ``October 1 of that
calendar year'' and inserting ``January 1 of
the next calendar year''.
(2) Section 300 of the Congressional Budget Act of 1974 (2
U.S.C. 631) is amended to read as follows:
``SEC. 300. TIMETABLE.
``The timetable with respect to the congressional budget process is
as follows:
``On or before: Action to be completed:
First Monday in May..................... President submits to Congress the budget of the President.
May 15.................................. Congressional Budget Office submits report to Budget Committees.
Not later than 6 weeks after President Committees submit views and estimates to Budget Committees.
submits budget.
July 1.................................. Senate Budget Committee reports concurrent resolution on the budget.
July 15................................. Congress completes action on concurrent resolution on the budget.
August 15............................... Annual appropriation bills may be considered in the House.
September 10............................ House appropriations Committee reports last annual appropriation bill.
September 15............................ Congress completes action on reconciliation legislation.
September 30............................ House completes action on annual appropriation bills.
January 1............................... Fiscal year begins.''.
(3) Section 301(a) of the Congressional Budget Act of 1974
(2 U.S.C. 632(a)) is amended, in the matter preceding paragraph
(1)--
(A) by striking the first sentence and inserting
``On or before July 15 of each year, the Congress shall
complete action on a concurrent resolution on the
budget for the fiscal year beginning on January 1 of
the following year.''; and
(B) in the second sentence, by striking ``October 1
of such year'' and inserting ``January 1 of the
following year''.
(4) Section 302 of the Congressional Budget Act of 1974 (2
U.S.C. 633) is amended--
(A) in subsection (a)(5), by striking ``April 15''
and inserting ``July 15''; and
(B) in subsection (g)(1), by striking ``April 15''
and inserting ``July 15''.
(5) Section 303(b)(2) of the Congressional Budget Act of
1974 (2 U.S.C. 634(b)(2)) is amended by striking ``May 15'' and
inserting ``August 15''.
(6) Section 307 of the Congressional Budget Act of 1974 (2
U.S.C. 638 et seq.) is amended--
(A) in the section heading, by striking ``june 10''
and inserting ``september 10'';
(B) by striking ``June 10'' and inserting
``September 10''; and
(C) by striking ``October 1 of that year'' and
inserting ``January 1 of the next year''.
(7) Section 309 of the Congressional Budget Act of 1974 (2
U.S.C. 640) is amended, in the first sentence--
(A) by striking ``July'' and inserting ``October'';
and
(B) by striking ``October 1 of such year'' and
inserting ``January 1 of the next year''.
(8) Section 310(f) of the Congressional Budget Act of 1974
(2 U.S.C. 641(f)) is amended--
(A) by striking ``July'' and inserting ``October'';
and
(B) by striking ``the fiscal year beginning on
October 1 of the calendar year to which the adjournment
resolution pertains'' and inserting ``the fiscal year
beginning on January 1 of the calendar year after the
calendar year to the adjournment resolution pertains''.
(9) The table of contents in section 1(b) of the
Congressional Budget and Impoundment Control Act of 1974 is
amended by striking the item relating to section 307 and
inserting the following:
``Sec. 307. House committee action on all appropriation bills to be
completed by September 10.''.
(10) Section 250(c)(12) of the Balanced Budget and
Emergency Deficit Control Act of 1985 (2 U.S.C. 900(c)(12)) is
amended by striking ``October 1 of the calendar year in which
that session begins'' and inserting ``January 1 of the calendar
year after the year in which that session begins''.
(11) Section 1105(a) of title 31, United States Code, is
amended in the matter preceding paragraph (1) by striking ``On
or after the first Monday in January but not later than the
first Monday in February of each year'' and inserting ``Not
later than the first Monday in May of each year''.
(b) Effective Date.--The amendments made by subsection (a) shall
apply with respect to any fiscal year commencing on or after January 1,
2026.
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