SBA IT Modernization Reporting Act

The SBA IT Modernization Reporting Act requires the Small Business Administration to create a detailed plan for updating its information technology systems based on a recent audit report. This plan must outline specific steps to manage project risks, improve scheduling and cost estimates, and ensure security experts are involved in hiring contractors. The agency must submit this implementation plan to Congress within 180 days and provide a briefing on it within 30 days of submission. These measures aim to establish clearer policies for managing technology projects and reducing risks within the SBA.