Trump budget wants agencies to contribute unobligated funds to TMF

The Trump administration is proposing major changes for how the Technology Modernization Fund gets its money in its 2026 budget request.

Congress set up the revolving fund in 2017 to finance multi-year tech projects outside of the often-fickle annual appropriations process. TMF thus far has awarded over $1.07 billion across 69 investments and 34 agencies. 

The administration isn’t asking for any new funding for the TMF, according to budget documents for the General Services Administration — which houses the fund — but it wants lawmakers to pass a new tool for GSA to take money from other agencies to put into the TMF, up to $100 million annually. 

“GSA and OMB are committed to exploring alternative funding mechanisms,” the budget document said. “This includes the new governmentwide general provision proposed in the President’s Budget to allow the TMF to sweep unobligated balances of expired discretionary funds.” 

It added that ...