By Jimmy H. Koo and Daniel R. Stoller, Bloomberg BNA

President Barack Obama is proposing a Cybersecurity National Action Plan (CNAP), including more than $19 billion in his fiscal year 2017 budget request for cybersecurity efforts.

The proposal calls for a $3.1 billion Information Technology Modernization Fund — aimed at modernizing and replacing legacy information technology systems — and the creation of a new position, the Federal Chief Information Security Officer (CISO), to oversee these changes.

As a part of a broader effort to empower citizens to secure their online accounts, CNAP would also include a new National Cybersecurity Awareness Campaign, launched by the National Cyber Security Alliance in partnership with leading technology companies, including Google Inc., Facebook Inc., Dropbox Inc. and Microsoft Corp.

Obama is asking for $62 million to establish a CyberCorps Reserve program that would offer scholarships, develop a Cybersecurity Core Curriculum and strengthen the National Centers for Academic Excellence in Cybersecurity Program, according to administration officials.

Obama is also proposing a Commission on Enhancing National Cybersecurity, “comprised of top strategic, business, and technical thinkers from outside of Government – including members to be designated by the bi-partisan Congressional leadership,” according to a White House fact sheet.