A bipartisan group of lawmakers has reintroduced the Modernizing Government Technology (MGT), a federal IT reform package is designed to reduce wasteful IT spending and strengthen information security by accelerating the federal government’s transition to modern technology like cloud computing.

The legislation was introduced by Reps. Will Hurd (R-Texas), Gerry Connolly (D-Va.) and Robin Kelly (D-Ill.) in the House, and Sens. Tom Udall (D-N.M.), Jerry Moran (R-Kan.) and Mark Warner (D-Va.) in the Senate.

“The federal government spends $80 billion each year on IT systems and 80 percent of which is spent maintaining outdated, legacy systems. Our government needs to be able to introduce cutting edge technology into their networks to improve operational efficiency and decrease operational cost. The MGT Act does just that,” said Rep. Hurd in a statement.

“The MGT II Act builds on the success of the bipartisan Federal IT Acquisition and Reform Act and ensures the savings and efficiencies created by FITARA provide the investment needed for agencies to transition to the cloud,” said U.S. Rep. Connolly (D-VA).

Under MGT, savings obtained by federal agencies, by doing things like streamlining IT systems, replacing legacy products and transitioning to cloud computing, can be placed in a working capital fund that can be accessed for up to three years for further modernization efforts.

“In the 10 months since we first introduced legislation, Americans have come to understand firsthand the importance of cybersecurity. Meanwhile, federal government data and critical infrastructure are currently compromised by outdated IT systems incapable of supporting best practices to help safeguard sensitive information. Bringing the government’s aging IT systems into the 21st century would not only shore up our cybersecurity, but also save billions of taxpayer dollars through reductions in wasteful spending for years to come. The IT investment reforms included in this legislation are an important step toward a more efficient, effective and secure government,” said U.S. Senator Jerry Moran (R-KS).