The Modernizing Government Technology (MGT) Act is a key component of this Administration's continued efforts to improve Federal technology by providing financial resources and technical expertise to agencies.

As part of the 2018 National Defense Authorization Act, the Modernizing Government Technology Act was signed into law December 12, 2017.  The law creates working capital funds for IT projects at CFO Act agencies that don’t already have them, as well as a central modernization fund housed by the General Services Administration.

These funds will be allocated through the Technology Modernization Fund (TMF) board. The board’s primary objective lies in evaluating project proposals submitted by agencies wishing to use some portion of the TMF for an IT modernization project. The board will review these proposals, which agencies can start submitting now, and “make recommendations that will ensure investments meet high priority IT modernization needs and the best use of taxpayer dollars.”