Technology Modernization Fund nears expiration, despite bipartisan backing

Authorization for the revolving fund set up to financially back government technology projects will expire in just over a week without congressional action.

The General Services Administration, which houses the Technology Modernization Fund, has been quiet about the fund since the second Trump administration started in January, opting not to publicly announce either of the two new projects the fund financed this year.

But as a Dec. 12 authorization cliff nears, political leadership at the Office of Management and Budget and GSA are making their support for the fund known to Congress, according to an industry source and another person familiar with the effort to reauthorize TMF, who weren’t allowed to speak on the record.

If the TMF isn’t reauthorized, GSA will be able to continue to oversee existing investments, but not make any new ones, the latter said — meaning that nearly $160 million in funding would effectively ...