Biden Budget Requests Major Investments for Federal Technology and Cybersecurity President Joe Biden Evan Vucci/AP Get the need-to-know news for current and aspiring technology executives. email April 9, 2021 The 1.5 trillion budget would give the Technology Modernization Fund and CISA big increases as well as launch new advanced research projects agencies. President Joe Biden sent his first discretionary funding request to Congress Friday, outlining a $1.5 trillion spending roadmap that includes cash infusions to the Technology Modernization Fund and the Cybersecurity and Infrastructure Security Agency as well as “$750 million as a reserve for Federal agency information technology enhancements.” This outline, released Friday, previews a fuller proposal coming this spring and includes $769 billion in non-defense discretionary spending—a 16% increase from what was enacted in fiscal year 2021, according to the request the Office of Management submitted to Congress. On the defense side, this year’s request proposes a 1.7% increase for a total of $753 billion. But the president’s proposal also eliminates the controversial Overseas Contingency Operations fund as a separate category.