This bill would transform the federal budget process from an annual cycle to a biennial two-year cycle, beginning in 2026. Under the new system, Congress would adopt a single budget resolution and pass appropriations bills every two years instead of annually, with the President submitting budget proposals only in odd-numbered years. The legislation establishes a new timeline requiring the President to submit the budget by the first Monday in February of odd-numbered years, with Congress completing action on biennial appropriations by June 30 and reconciliation legislation by August 1. The bill affects all federal agencies and Congress itself, requiring them to plan and budget on a two-year basis rather than yearly. The changes apply to how agencies submit strategic plans, performance reports, and budget justifications, shifting these to biennial schedules aligned with the new budget cycle. No specific new federal funding is authorized; rather, the bill restructures how existing appropriated funds are approved and managed. The Office of Management and Budget must study the feasibility of further changes within 180 days and report to Congress.
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