Raylene Yung

Federal Leadership

Raylene Yung has been tasked with leading the administration of the federal Technology Modernization Fund since the Biden administration in 2021 received a $1 billion injection for the program. Since then, the TMF has been rapidly awarding funds to agencies most in need of money to kickstart their modernization efforts. In fact, in May of this year, Yung testified before Congress that the TMF planned to grant the more than $750 million left in the fund’s reserves to agencies by the end of the year. And at the same time, the TMF is seeing surging demand. “In the past eight months, the TMF has received and reviewed more proposals and made more investments than in the previous three-and-a-half years combined,” Yung said then. Because of that unprecedented demand, “we have really had to kind of change the way that we operate. It’s a very different story to look through and carefully review 130 proposals and ensure that in the end, we’re being responsible stewards of taxpayer dollars.”