"Congressional authorization for the Technology Modernization Fund expired over a month ago, leaving its leadership unable to make new investments into technology modernization projects. If the conferenced funding bill released Tuesday by House and Senate appropriators is passed into law, TMF's authorization will extend through Sept. 30. Since creating the TMF in 2017, lawmakers haven't consistently put money into the revolving fund, even though the fund has bipartisan support."
"The TMF is meant to be sustained by repayments from agencies - a premise that hasn't always worked, as some projects may not yield savings. The Biden administration temporarily lowered repayment requirements, in part to respond to cybersecurity threats, although the Trump administration is now requiring 100% repayments in most cases. The Trump administration has been pushing Congress to reauthorize the fund, which also received a $5 million plus-up in another funding bill released by lawmakers last week and passed by the House."
A congressional funding package would extend authorization for the lapsed Technology Modernization Fund (TMF) and several cybersecurity statutes through the end of the 2026 fiscal year, pending enactment. TMF authorization expired more than a month ago, preventing new investments by its leadership. Since its 2017 creation, appropriations into the TMF have been inconsistent. The fund relies on agency repayments, a model that can fail when projects do not produce savings. Administrations have differed on repayment rules and reauthorization urgency. The package also temporarily extends major cybersecurity laws, including provisions allowing private-sector sharing of cyber threat intelligence with government agencies.
Read at Nextgov.com
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