; and (C) move the Federal Government into a broad, digital-services delivery model that will transform the ability of the Federal Government to meet mission requirements and deliver services to the American people. (b) Purposes The purposes of this Act are the following: (1) Assist the Federal Government in modernized Federal information technology to mitigate current operational and security risks. (2) Incentivize cost savings in Federal information technology through modernization. (3) Accelerate the acquisition and deployment of modernized information technology solutions, such as cloud computing, by addressing impediments in the areas of funding, development, and acquisition practices. 3. Establishment of agency Information Technology Systems Modernization and Working Capital Funds (a) Information Technology System Modernization and Working Capital Funds (1) Establishment The head of a covered agency may establish within such agency an information technology system modernization and working capital fund (in this section referred to as the IT working capital fund ) for necessary expenses described in paragraph (3). (2) Source of funds The following amounts may be deposited into an IT working capital fund: (A) Reprogramming and transfer of funds made available in appropriations Acts subsequent to the date of the enactment of this Act, including transfer of any funds for the operation and maintenance of legacy information technology systems, in compliance with any applicable reprogramming law or guidelines of the Committees on Appropriations of the House of Representatives and the Senate. (B) Amounts made available to the IT working capital fund through discretionary appropriations made available subsequent to the date of the enactment of this Act. (3) Use of funds An IT working capital fund established under paragraph (1) may be used, subject to the availability of appropriations, only for the following: (A) To improve, retire, or replace existing information technology systems in the covered agency to enhance