Technology Modernization Fund Reform: IT Modernization and Security
The Act amends provisions regarding the Technology Modernization Fund (TMF), focusing on modernizing, retiring, or replacing legacy information technology systems in government agencies. The goal is to enhance cybersecurity, privacy, and IT efficiency. Requirements for fund repayment are introduced to ensure the Fund's operability until it sunsets, along with mechanisms to suspend funding in cases of fraudulent statements.
Key points
Fund amounts are to be used to modernize, retire, or replace legacy IT systems, and to enhance agency cybersecurity and efficiency.
The Federal Chief Information Officer is required to compile a list of the 10 legacy IT systems posing the greatest security, privacy, and operational risks to the government.
Agencies are required to reimburse the Fund at a level ensuring its operability until the Fund sunsets (specified as after December 31, 2032).
Funds are transferred to agencies on an incremental basis, tied to metric-based development milestones.
Status:
Introduced
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