House committee kills $3B IT modernization fund
- By Washington Technology staff
- Mar 18, 2016
The House Budget Committee rejected an amendment to provide $3 billion for a revolving IT modernization fund in a hearing to pass the fiscal year 2017 budget resolution, according to FCW.
The fund was proposed by President Obama in his fiscal 2017 budget request and would need a $3 billion appropriation from Congress to launch.
It is intended to serve as a mechanism for agencies to upgrade legacy IT to more modern, cloud-based systems, FCW reported.