S.2627 - Federal Government - A bill to provide for a biennial budget process and a biennial appropriations process and to enhance oversight and the performance of the Federal Government.

Biennial Budgeting and Appropriations Act- Amends the Congressional Budget Act of 1974 to require: (1) biennial (currently, annual) budget resolutions; (2) biennial appropriations Acts; and (3) biennial government strategic and performance plans.

Defines the budget biennium as the two consecutive fiscal years beginning on October 1 of any odd-numbered year.

Requires the Director of the Office of Management and Budget (OMB) to: (1) determine the impact and feasibility of changing the definition of a fiscal year and the budget process based on that definition to a two-year fiscal period with a biennial budget process based on such period; and (2) report the findings to the House and Senate Budget Committees.