On Dec. 12, 2025, Congress‘s authorization of the Technology Modernization Fund expired, limiting the government’s ability to deploy up to $200 million that could otherwise go toward improving federal ...

With all of its American Rescue Plan funding tapped, the Technology Modernization Fund is on to a “next chapter” that will feature a “strong emphasis” on projects that have clear potential for ...

Since the Technology Modernization Fund made its first tranche of investments in 2018, “agencies’ planned cost savings are substantial, but actual savings thus far are minimal,” the Government ...

The fund’s current deputy executive director, Larry Bafundo, will be taking the helm of a program facing down budget and authorization challenges in the coming months. Larry Bafundo, formerly the ...

The General Services Administration announced $31 million in funding for modernization projects at three federal agencies on Tuesday. These latest Technology Modernization Fund investments may be ...

The General Services Administration’s Technology Modernization Fund announced five new investments on Thursday, the latest since it announced two awards in April. The National Transportation Safety ...

WASHINGTON — The U.S. Government’s Technology Modernization Fund, a federal investment program focused on IT modernization has announced that it will inject capital into the Army project. The ...

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