The planned central IT modernization fund is part of the Modernizing Government Technology Act, which has been included in the fiscal year 2018 National Defense Authorization Act.
Hurd said he hopes Congress will pass the fiscal 2018 NDAA before the year ends with no changes to the language of MGT Act, the report noted.
MGT Act would authorize agencies to obtain $250 million in IT modernization funds from a central working capital fund, then repay the money using savings achieved through upgraded systems.