General Services Administration Modernization Act

[AI summary unavailable — showing source text] General Services Administration Modernization Act - Establishes a Federal Acquisition Service in the General Services Administration (GSA). Requires the appointment of a Commissioner of the Federal Acquisition Service. Authorizes the appointment of up to five Regional Executives in the Federal Acquisition Service. Abolishes the General Supply Fund and the Information Technology Fund in the Treasury. Transfers remaining capital assets and balances in such Funds to the Acquisition Services Fund created by this Act. Directs the Commissioner to administer the Fund and be responsible for carrying out the functions of the abolished Funds. Requires the Acquisition Services Fund to be credited with all reimbursements, advances, and refunds or recoveries relating to personal property or services procured through the Fund. Requires the Administrator of GSA to: (1) determine cost and capital requirements of the Fund and develop a plan concerning such requirements; and (2) according to such plan, establish rates to be charged agencies provided, or to be provided, supply of personal property and non-personal services through the Fund. Allows fees collected for recovering the costs of testing ma…