1. Short title This Act may be cited as the Source code Harmonization And Reuse in Information Technology Act or the SHARE IT Act . 2. Findings; Purpose (a) Findings (1) In general Congress finds the following: (A) Duplication of efforts Federal agencies often engage in the development or procurement of similar software solutions for comparable problems, leading to a duplicative allocation of resources that could otherwise be avoided. (B) Cost inefficiency The absence of a mechanism for inter-agency source code sharing results in the Federal Government incurring unnecessary costs for software development, licensing, and maintenance, an inefficiency highlighted by the Government Accountability Office in numerous reports, including— (i) Government Accountability Office Report Federal Software Licenses: Better Management Needed to Achieve Significant Savings Government-Wide (GAO–14–413), published on May 22, 2014; (ii) Government Accountability Office Report 2016 Annual Report: Additional Opportunities to Reduce Fragmentation, Overlap, and Duplication and Achieve Other Financial Benefits (GAO–16–375SP), published on April 13, 2016; (iii) Government Accountability Office Report Information Technology: DoD Needs to Fully Implement Program for Piloting Open Source Software (GAO–19–457), published on September 10, 2019; (iv) Government Accountability Office Report Information Technology: Federal Agencies and OMB Need to Continue to Improve Management and Cybersecurity (GAO–20–691T), published on August 3, 2020