Modernizing Government Technology Reform Act

This bill reforms how the Technology Modernization Fund is used to upgrade outdated federal computer systems. It requires agencies to identify and report high-risk legacy systems to a central office, which then compiles a national inventory and prioritizes the most critical systems for modernization. Agencies that receive funds must repay the fund under specific terms to ensure it remains fully operational until 2032. The bill also blocks funding for projects with fraudulent claims about their technology plans or costs.