Home / Latest News / House Bill Seeks to Establish Agency Working Capital Funds for IT Modernization

House Bill Seeks to Establish Agency Working Capital Funds for IT Modernization

cloudITHouse lawmakers have introduced a bipartisan bill that would authorize federal agencies to create their own working capital funds to update their information technology systems, Nextgov reported Thursday.

Rep. Will Hurd (R-Texas) and other lawmakers proposed the Modernizing Outdated and Vulnerable Equipment and Information Technology Act of 2016 as an alternative to a White House plan to set up a $3.1 billion fund to support IT updates, Frank Konkel writes.

The White House proposed the fund in February as part of the Cybersecurity National Action Plan.

The MOVE IT bill would direct agencies to reprogram funds intended for maintenance and operation of legacy IT platforms in order to establish their capital funds “only if the transfer authority is specifically provided by law,” Konkel reports.

The proposed legislation also aims to facilitate the migration of government data infrastructure to the cloud through the adoption of a streamlined approach to the Federal Risk and Authorization Management Program accreditation process and formation of a public-private cloud liaison group to be hosted by the General Services Administration on a quarterly basis, according to the report.

The report added the Senate also proposed a similar bill.

Check Also

12 Russian Officers Indicted on 2016 US Presidential Elections Hacking Charges

A federal grand jury has indicted 12 Russian military officials on charges of identity theft, …

Leave a Reply

Your email address will not be published. Required fields are marked *