MGT Act
SBA pushes forward with modernization under working capital fund
The SBA has a $6 million working capital fund it's using to support seven ongoing IT modernization projects.
Watchdog predicts ‘ongoing challenges’ collecting administrative fees for TMF
GAO has doubts about whether the TMF will be able to recover operating expenses; OMB says don't worry.
Senate spending bill doesn’t include TMF funding
The House version of the bill, which passed in June, includes $35 million for the revolving fund.
Will Hurd won’t seek reelection in 2020
He'll look for other opportunities to "solve problems at the nexus between technology and national security."
Most agencies still don’t have MGT Act-enabled working capital funds
It "boggles the mind" that additional legislative authority would be needed, GAO said.
The Small Business Administration is setting up an IT working capital fund
The agency is among the first to get going on this new IT modernization project funding capability.
