Strengthening Agency Management and Oversight of Software Assets Act

HR 1695, the *Strengthening Agency Management and Oversight of Software Assets Act*, requires all federal agencies to conduct a comprehensive assessment of their software licenses, contracts, and usage within one year of enactment. This assessment must detail current software inventories, costs (including hidden fees), interoperability, and license restrictions, and be submitted to agency leadership, the Office of Management and Budget (OMB), and Congress. Agencies must then develop a 120-day plan to consolidate software licenses, prioritize enterprise agreements, reduce costs, and improve software management - ensuring purchases avoid vendor favoritism and support interoperability. The OMB will create a government-wide strategy within two years to standardize these efforts, with annual budget reports tracking agency progress on software cost and management metrics.