H.R. 6004 would establish new budget accounts to fund efforts to modernize government information technology (IT) systems. New accounts would include a working capital fund at each major agency that would be used to retire and replace older IT systems and a single government-wide technology and modernization fund to update federal IT systems and make them more secure. H.R. 6004 also would establish a board of managers to oversee, evaluate, make recommendations, and monitor federal IT spending.
CBO estimates that implementing this legislation would cost $9 billion over the
2017-2021 period, assuming appropriation of the necessary amounts. CBO also estimates that enacting H.R. 6004 would increase direct spending by $3 billion over the 2017-2019 period because it would allow agencies to spend previously appropriated funds that would otherwise lapse. Because enacting the legislation would increase direct spending, pay-as-you-go procedures apply. Enacting H.R. 6004 would not affect revenues.
CBO estimates that enacting H.R. 6004 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2027.
H.R. 6004 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would impose no costs on state, local, or tribal governments.