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The bill reauthorizes the Technology Modernization Fund (TMF) through fiscal year 2030 and would make several changes to the TMF: The Office of the Federal Chief Information Officer would annually submit to Congress a list of the ten legacy IT systems that “present the greatest security, privacy, and operational risks to the Federal Government.”
These acts launched a government-wide initiative that soon produced significant changes to the FAR provisions implementing the BAA in connection with federal procurementcontracts. This “fallback threshold” will remain in effect under both the FAR and DFARS rules until 2030.
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