TMF
Exclusive
TMF at the tipping point
The government’s revolving fund to help agencies jumpstart IT modernization and cybersecurity projects is at a “critical juncture,” in terms of funding and congressional support, according to the General Services Administration, which administers the fund.
Senate panel outpaces House in tech spending plans, including TMF
The Senate's General Government and Financial Services appropriation includes a $25 million plus-up for the nearly depleted Technology Modernization Fund.
Biden looks to preserve tech, cyber legacy with veto threat
Experts see continuity in tech policy from the Biden administration to a possible Kamala Harris presidency, with possible divergence on some national security and antitrust issues.
TMF names new director
The fund’s current deputy executive director, Larry Bafundo, will be taking the helm of a program facing down budget and authorization challenges in the coming months.
TMF announces new round of awards amid funding uncertainty
The $1 billion Technology Modernization Fund boost from the 2021 American Rescue Plan Act is running out, and it remains to be seen whether Congress will keep the program afloat.
Tech sees steep cuts in House Republicans’ funding proposal
The Technology Modernization Fund would once again see zero contributions in FY25, though the U.S. Digital Service would get new authority to get reimbursements from agencies under the bill.
House passes TMF reauthorization bill
The Modernizing Government Technology Reform Act includes changes around repayment to the TMF.
TMF doles out $47.8 million to NASA, Labor for modernization projects
The fund was zeroed out in the last appropriations round and will expire in 2025 without new legislation.
TMF, USDS hit with cuts in 2024 funding bill
The Technology Modernization Fund alone is slated for a $100 million clawback of American Rescue Plan Act funding under the appropriations package released Thursday.
Biden's $1.67 trillion budget boosts tech, AI
The Biden administration’s FY2025 budget request provides agencies with $3 billion “to responsibly develop, test, procure and integrate transformative AI applications across the federal government.”
TMF looks to fund AI projects
The revolving fund at the General Services Administration put out a call for “mission enabling” AI projects on Thursday.
TMF gets a new executive director, issues 3 more awards
The Technology Modernization Fund announced over $70 million in investments on Wednesday.
Featured eBooks
TMF’s planned cost savings have been ‘minimal’ in reality, GAO finds
The original intent of the revolving fund anticipated repayments on finished projects replenishing the pool for new ones. In reality, such repayments have been slow and slim.
Labor Department to use TMF to build a retirement ‘lost and found’
The registry will enable people to search for private employment retirement, group health and other welfare benefit plans that still owe them benefits.
House GOP pulls funding bill covering IRS, GSA, OMB and more
The leadership team around new House Speaker Mike Johnson removed the bill — which would have defunded GSA’s digital services team, 18F — from floor consideration because of an intra-party policy dispute.
Raylene Yung exits TMF
Jessie Posilkin, currently the Technology Modernization Fund's customer experience portfolio director, will take over as acting executive director until a permanent candidate is selected.
Technology Modernization Fund announces $9M in new investments
Despite continued awards, Rep. Gerry Connolly, D-Va., says the fund's supporters have “work to do” to garner support on Capitol Hill.
House panel advances MGT update
A bipartisan bill to reauthorize and update the legislation that established the Technology Modernization Fund sailed through committee on Wednesday.
TMF adds guidance for IDEA Act proposals
Agencies have until Sept. 22 to send in submissions for funding.
House panel zeros out TMF funding for 2024 fiscal year
House appropriators want to eliminate new funding for the Technology Modernization Fund, which is still flush with cash thanks to a pandemic-era special spending bill.
