The Comprehensive Congressional Budget Act of 2026 is designed to reform how Congress manages the federal budget, aiming for a more organized and thorough annual budgeting process that integrates all federal spending and revenue. This initiative seeks to address the growing federal debt and deficits while enhancing fiscal management and Congress's effectiveness in budgetary matters. The legislation introduces a new annual budget act that consolidates federal budget authority and revenue, establishing a clear timetable for the budget process.