“Will Federal agencies’ use of the Technology Modernization Fund (TMF) become a feature of the FITARA Scorecard that the House Oversight and Reform Committee issues twice a year to grade agency progress on IT modernization and efficiency?
While the jury is still out, Government Operations Subcommittee Chairman Gerry Connolly, D-Va., is allowing for the possibility, and says stay tuned for continuing scorecard category developments as the subcommittee prepares for its next public hearing sometime in April on FITARA grades issued in late December 2020.
In an exclusive interview with MeriTV, Rep. Connolly covered the FITARA outlook and his optimism for quicker Federal IT modernization with $1 billion of new funding for TMF approved in the American Rescue Plan Act earlier this month…”
“‘The purpose of the TMF is essentially to help agencies become more resilient in cyber by upgrading their IT systems in general,’ he said. ‘To do that, obviously they need working capital because all too much of the budgeted IT funds are spent maintaining existing and legacy systems.’…”
“Rep. Connolly also pointed to the enormous cost savings – totaling some $22 billion – that agencies have achieved through progress on categories included on the FITARA scorecard.
‘Those metrics in the scorecard cumulatively have saved $22 billion – that’s 22 times [the size of] the TMF, so the potential for reinvesting those savings … in the modernization effort is enormous.’…” Read the full article here.
Source: TMF in FITARA’s Future? Stay Tuned, Rep. Connolly Says – By John Curran, March 25, 2021. MeriTalk.