TMF Board Announces New Award One Day After $1B Cash Infusion nextgov.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nextgov.com Daily Mail and Mail on Sunday newspapers.
By Natalie Alms, Justin Katz, Adam Mazmanian
Mar 12, 2021
President Joe Biden signed the $1.9 trillion American Rescue Plan on Thursday. The new paid leave for federal employees and the $1 billion investment in the Technology Modernization Fund and other tech provisions are now law.
The House of Representatives and the Biden administration initially urged $9 billion for the TMF, but the price tag was too steep for many on the Senate side. Eventually, lawmakers on the Senate Homeland Security and Government Affairs Committee pressed for the $1 billion addition to the fund, which is currently capitalized at $175 million and is funding 10 projects. We need to do more to move away from outdated systems and invest in technology that is cost-effective, secure, and meets the needs of the American people, Sen. Maggie Hassan (D-N.H.) told FCW in an emailed statement. The $1 billion in funding for the Technology Modernization Fund can be used for government agencies to modernize the
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Federal cybersecurity and information technology got a shot in the arm Wednesday with the inclusion of almost $2 billion in cyber funding in the COVID-19 relief bill that passed the House, but some officials say it s not enough. Meanwhile, the nation’s top cybersecurity official warned of ‘widespread’ exploitation by hackers of Microsoft Exchange Server vulnerabilities, and lawmakers introduced a range of measures on data privacy, election cybersecurity, and helping save the news industry.
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CYBER, TECH FUNDS INCOMING: The House on Wednesday allocated almost $2 billion toward cybersecurity and technology modernization as part of passing the American Rescue Plan, which officials described as a “down payment” on the funds needed to fully confront recent massive foreign cyberattacks.