Budget Federal spending

Legislative crunch-time for the Biden administration’s two infrastructure funding bills began in earnest on Monday. Here are three tracks to watch that impact the legislation, which proposes billions of dollars of funding for Federal IT, cybersecurity, and broadband initiatives. 

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Budget Federal spending

The Department of Defense (DoD) has practices in place to minimize the effects of funding that comes from a continuing resolution (CR), the Government Accountability Office (GAO) found, due to the agency starting 11 of the last 12 fiscal years under a CR.

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Crumbling bridges and leaky levees. Buckling roadways. Unsafe water pipes. Inadequate public transit. The list of U.S. infrastructure failings is both broad and deep. The United States is paying only about half of its necessary infrastructure bill, and the total investment gap has grown from $2.1 trillion over 10 years, to a current figure of nearly $2.59 trillion over 10 years, according to the American Society of Civil Engineers. As a result, local government leaders face staggering infrastructure requirements that local tax revenues cannot fulfill.

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White House
Federal money spending government

Rep. Mike Rogers, R-Ala., is looking to introduce an amendment to the fiscal year (FY) 2022 National Defense Authorization Act (NDAA) that would increase the Department of Defense’s (DoD) budget for cybersecurity by $1 billion.

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funding

On July 29, the House cleared a $600 billion package of seven spending bills, including the Fiscal Year (FY) 2022 Financial Services and General Government (FSGG) funding bill that includes $50 million for the Technology Modernization Fund (TMF).

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Pentagon Military Defense DoD

The Senate Armed Services Committee said on June 22 it completed its markup of the Fiscal Year (FY) 2022 National Defense Authorization Act (NDAA), which includes a $1 billion increase in funds for programs developing AI, microelectronics, advanced materials, 5G, and biotechnology.

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Budget Federal spending
innovation

President Biden’s Fiscal Year (FY) 2022 budget includes an estimated $58.439 billion in IT spending for Federal civilian agencies, and $500 million for the General Service Administration’s (GSA) Technology Modernization Fund (TMF), according to a budget breakdown the White House released today.

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Budget Federal spending

President Biden’s FY2022 budget proposal published today envisions an eye-popping $6.01 trillion of Federal spending – up 36 percent from last year’s approved FY2021 budget – with a budget deficit of about $1.8 trillion.

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President Biden

Rep. Gerry Connolly, D-Va., long a prime mover in the House for Federal IT modernization, today hailed the inclusion of $1 billion of new funding for the Technology Modernization Fund (TMF) in the $1.9 trillion American Rescue Plan Act approved by the House. 

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funding

After the transmittal of the bill took longer than initially expected, the House of Representatives now plans to vote on the Senate version of the $1.9 trillion American Rescue Plan Act on Wednesday, March 10, according to multiple reports.  The House vote had been expected on March 9.

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funding

As Congress closes in on pushing through a historic funding increase for Federal IT modernization, former Federal IT officials gave the latest legislative advancement a warm welcome today and offered an early look at some types of projects that might benefit most from quick investments. 

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The House plans to vote Tuesday, March 9 on the version of the American Rescue Plan Act approved by the Senate over the weekend, setting the stage for the $1.9 trillion coronavirus relief bill to become law with President Biden’s signature later this week.

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The Senate as of late Friday afternoon was continuing to debate the Biden administration’s $1.9 trillion American Rescue Plan Act, which contains considerable increases in Federal government funding for agency IT modernization and security upgrades.

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Budget Federal spending

The Senate was expected later today to introduce its version of President Biden’s $1.9 trillion American Rescue Act, and to begin 20 hours of scheduled debate on the legislation.

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