Technology Modernization Fund to get $100 Million Under Spending Bill

Under the broad spending legislation Congress is moving this week, the central Technology Modernization Fund (TMF) created by the Modernizing Government Technology (MGT) Act would get less than half of what lawmakers and the Trump administration originally sought for fiscal 2018.

The $1.3 trillion spending bill, expected to head to President Donald Trump’s desk by the end of the week, would provide $100 million to the TMF through Sept. 30. The final figure is a sign that lawmakers wanted to commit to the new program despite the overall constraints on the federal budget.

The MGT Act authorized up to $250 million for the fund in fiscal 2018, and Trump had requested $228 million in his fiscal 2018 budget.

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