TMF

Central IT Modernization Fund Gets $1B in COVID Stimulus

The major infusion of cash will mean more modernization projects, which might require a new funding model.

Remote Work and Hack Mitigation Show Need for IT Modernization Funding, Lawmaker Says

Rep. Ro Khanna detailed efforts to ensure agencies have resources for legally mandated updates.

Draft Senate COVID Relief Bill Includes $1B for Technology Modernization Fund

The fund gets a second chance at a boost after a $9 billion proposal didn’t make it to the House-passed bill.

Tech Groups Urge Congress to Add Billions to TMF and Drop Some Repayments

Twelve advocacy groups representing the biggest names in tech asked for a major infusion of cash and some substantive changes to how the Technology Modernization Fund operates.

House Dems Push for $9B for Tech Modernization Fund in Next COVID Package

The funding would come from President Joe Biden’s $1.9 trillion COVID-19 relief plan.

Biden-Harris Admin Proposes $10B in New IT and Cyber Funding for Federal Agencies

The administration wants to add $9 billion to the Technology Modernization Fund and give CISA a boost.

How CBP Plans to Spend—and Repay—Its $15M Modernization Fund Loan

Agency officials already completed the first phase of modernizing the nation’s second-largest revenue collection system but needed an infusion of cash to keep the momentum going.

CBP Gets $15M from Modernization Fund to Ditch Its Last Mainframe

The Customs and Border Protection Agency plans to upgrade a system that tracks imported goods and still relies on COBOL. 

Federal Tech Guide to Trump's 2021 Budget

The Trump administration puts a priority on working capital funds, while proposed tech spending inches upward.

Officials: Working Capital Funds Take Time But Have ‘Real Staying Power’

Agencies are still figuring out the best way to establish and govern IT working capital funds two years after passage of the MGT Act.

Technology Modernization Fund Tapped for Two More Projects

The latest batch of grants leaves the fund with only about $24 million, less than 20% of its total endowment.

Will Hurd, The Most Vocal Lawmaker on Federal IT Issues, Won’t Seek Reelection

The three-term congressman plans to keep pushing on government IT issues from the private sector.

Modernization Fund Program Isn’t Recouping Overhead Costs Fast Enough

The Technology Modernization Fund is incurring millions more in overhead costs than it is recouping in administrative fees.

Trump Budget Request Seeks $150 Million for Tech Modernization Fund

The president’s fiscal 2020 budget proposal asks for lots of IT spending in defense, border surveillance tech and the Department of Veterans Affairs.

Here’s What Technology Modernization Fund Dollars Are Doing Now

Three projects have awarded contracts so far and two have already spent a combined $6 million to date.