Strengthening Agency Management and Oversight of Software Assets Act

S 931 mandates federal agencies to conduct a comprehensive review of their software entitlements and inventories within one year of enactment, requiring detailed accounting of software contracts, costs, usage, and interoperability. Agencies must develop plans to consolidate software licenses, prioritize enterprise agreements for cost savings, and minimize restrictive licensing terms - particularly for cloud services - while ensuring vendor-neutral procurement. The bill also requires a government-wide strategy by the Office of Management Budget within two years, including cost-benefit analyses for enterprise licensing and integration of software spending data into federal budget processes. These provisions directly affect all federal agencies, their CIOs, CFOs, and procurement officers, with reporting to Congress and the Government Accountability Office.