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CBO: IT Procurement Reform Bill Will Cost $145M

CBO

The Congressional Budget Office estimates a bill to amend laws regulating how the federal government acquires and manages information technology would cost nearly $145 billion to implement for fiscal years 2014 through 2018.

That bill would use pay-as-you-go procedures for funding and agencies not affected by annual appropriations could feel effects on direct spending, CBO said Tuesday.

Under current law, CBO estimates the federal government spends $50 billion per year to acquire IT products and services through interagency contracts.

Reps. Darrell Issa (R-Calif.) and Gerry Connolly (D-Va.) sponsor the bill.

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