Technology Modernization Fund on track to receive biggest pay day ever

Technology Modernization Fund on track to receive biggest pay day ever

Federal News Network (March 8, 2021)

You could see the momentum to finally push real funding to the Technology Modernization Fund building all last week.

Three nominees for key positions at the Office of Management and Budget specifically mentioned the need to put serious money behind federal agency cybersecurity and IT modernization efforts. Senate lawmakers did more than casually mention it or offer to submit questions for the record.

A draft of the Senate’s version of the American Rescue Plan — labeled a manager’s amendment — leaked out finally offering some specifics: $1 billion for the TMF, $650 million for cybersecurity and another $350 million for other related IT modernization efforts.

But it wasn’t until the Senate Budget Committee released its initial version of the bill did reality set in. Real, impactful funding for the TMF was closer than ever to crossing the finish line.



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