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House panel passes funding bill with $100M for TMF

June 16, 2022

Via: FCW

A House Appropriations subcommittee advanced a 2023 spending bill on Thursday that includes a $100 million plus-up to the Technology Modernization Fund and a $35 million increase to modernization efforts at the IRS.

The measure passed the Subcommittee on Financial Services and General Government on a voice vote.

The legislation, one of 12 funding bills being developed by the committee, also provides $448 million for the Office of Personnel Management – an increase of $75 million over 2022 funding levels. The OPM legislation allows for the agency to continue to add money to its working capital fund established last fiscal year under the authority of the Modernizing Government Technology Act, the law that created the TMF. The Small Business Administration, also funded under this bill, will maintain its working capital fund.

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