House Subcommittee Seeks Answers From Veterans Affairs on $7.5 Billion IT Project

U.S. Rep.-elect Matt Rosendale (R-Mont.) delivers remarks in the House chamber during the third day of elections for Speaker of the House at the U.S. Capitol Building in Washington on Jan. 5, 2023. Win McNamee/Getty Images

Since 2016, the Department of Veterans Affairs (VA) has been trying to replace its aging and inefficient legacy financial and acquisition computer system with the Integrated Financial Acquisition Management System (iFAMS).

The iFAMS overhaul is a project of the VA’s Financial Management Business Transformation (FMBT) program.