H.R. 2227 would establish new budget accounts to fund efforts to modernize government information technology (IT) systems. The new accounts would include a working capital fund for each major federal agency that would be used to retire and replace older IT systems (legacy systems) and a single government-wide technology and modernization fund to update federal IT systems and make them more secure. H.R. 2227 also would establish a board of managers to oversee, evaluate, and monitor federal IT spending. Finally, H.R. 2227 would authorize the appropriation of $250 million in each of fiscal years 2018 and 2019 to cover the costs of complying with the bill.
CBO estimates that implementing this legislation would cost $500 million over the 2017-2022 period, assuming appropriation of the specified amounts. CBO estimates that enacting H.R. 2227 would not affect direct spending or revenues; therefore pay-as-you-go procedures do not apply.
CBO estimates that enacting H.R. 2227 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2028.
H.R. 2227 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act and would impose no costs on state, local, or tribal governments.
