FedScoop (April 13, 2021)
Lawmakers want to know what IT improvements the Biden administration is planning with the $1 billion recently injected into the Technology Modernization Fund, according to a letter sent by five Democratic members of the House Oversight Government Operations Subcommittee on Tuesday.
The letter asks the Office of Management and Budget, General Services Administration, and TMF Board to submit a spending plan to Congress for the funds appropriated in the American Rescue Plan Act, as well as for partial repayment by agencies.
TMF spending is perhaps the fastest way to invest in critical IT and cybersecurity projects across government. But agencies are expected to pay the money back within five years so the fund remains self-sustaining, which is an “unduly burdensome” ask on “inherently riskier projects,” according to industry.