The Modernizing Government Technologies Reform Act of 2023, introduced by Reps. Gerry Connolly and Nancy Mace, aims to make essential revisions to the law that established the federal government’s Technologies Modernization Fund. The original law, known as the Modernizing Government Technologies Act, was passed in 2017. The new bill seeks to reauthorize the TMF till 2030 and improve its funding by $50 million. At present, the fund is set to expire in 2025. On top of that, the bill incorporates new reporting needs for the Federal CIO and agency CIOs, like the creation of inventories of higher-threat IT systems utilized across the government. These inventories will be utilized to prioritize systems in require of modernization. Rep. Connolly expressed appreciation for the bill, contemplating it a demonstration of assistance for the MGT Act and the TMF. On Wednesday, the Committee on Oversight and Accountability is scheduled to go over the bill.