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New Draft Bill Proposes $35M for 2020 Tech Modernization Fund

1 min read

Jeff Brody

The House Appropriations Committee released a draft bill that allots $35 million for the 2020 Technology Modernization Fund, exhibiting a $10 million boost from 2019’s TMF allotment, Nextgov reported Monday. The proposed amount under the Financial Services and General Government draft bill, however, is below the Trump Administration’s requested budget of $150 million.

Agencies use TMF funds for information technology projects approved by the Technology Modernization Board. The fund began in fiscal year 2018 with an initial allotment of $100 million. The government has used $90M of the funds for projects with multiple agencies and federal components including the departments of Energy and Agriculture.