The Modernizing Government Technology Act passed the House of Representatives on a voice vote on May 17. The bill establishes a $500 million central fund to support rapid IT modernization and authorizes working capital funds at 24 large agencies that can be used to pay for IT modernization. Agencies can bank any savings they enjoy for use on further IT projects.
GWACs see steady spending season — FCW
The end of the federal IT spending season has been hectic, but typical, at the big