This bill reauthorizes through FY2030 and revises the Technology Modernization Fund (TMF). (The TMF is a revolving fund administered by the General Services Administration to finance technology-related activities, improve information technology, and enhance cybersecurity across the federal government.)
Changes to the TMF include
requiring the Office of the Federal Chief Information Officer to annually submit to Congress (1) a list of the 10 legacy information technology (IT) systems that present the greatest security, privacy, and operational risks to the federal government; and (2) each federal agency's list of high-risk legacy IT systems;
authorizing TMF funding for IT projects that improve the ability of the agency to perform its mission and deliver services to the public;
additional requirements for agencies that receive funds to reimburse the TMF (for example, funds used for services or work in direct support of a project must be fully reimbursed); and
revising the criteria by which agency proposals for TMF funding are evaluated to include the (1) extent to which they address the greatest security, privacy, and operational risks; (2) impact of modernizing, retiring, or replacing legacy IT systems; and (3) ability of an agency to repay funds provided.
