Strengthening Agency Management and Oversight of Software Assets Act

Bill 119 HR 2417, also known as the "Software Asset Management Improvement Act of 2021," aims to enhance the transparency, accountability, and supervision of how government agencies manage their software assets. The bill seeks to address issues related to the acquisition, utilization, and disposal of software within federal agencies.

One of the key provisions of the bill is the requirement for agencies to establish and maintain comprehensive software asset management plans. These plans must outline the processes and procedures for acquiring, tracking, and managing software licenses and usage. Additionally, agencies must conduct regular audits to ensure compliance with these plans.

The bill also mandates the creation of a centralized software asset management office within each agency to oversee and coordinate software asset management activities. This office will be responsible for developing and implementing policies, procedures, and training programs related to software asset management. Furthermore, the bill requires agencies to report annually to Congress on their software asset management practices, including information on software expenditures, license compliance, and cost savings. This reporting will help improve transparency and accountability in how taxpayer dollars are spent on software within the federal government. Overall, the Software Asset Management Improvement Act of 2021 aims to promote efficient and effective management of software assets within federal agencies, ultimately leading to cost savings and improved oversight.