IT investment is continuously increasing. Its outcome, however, is not accomplished as easily as originally expected. There have a variety of efforts to overcome this dilemma. In public sector, information resource management (IRM) was suggested as one of the most effective approach for information & IT management. Accordingly, United States has been incorporating the IRM principles into information-related laws since 1980s. However, such efforts were insufficient in Korea. In this study we attempt to compare our information-related laws with United States laws with respect to major components of IRM. Based on this finding, we go one-step further to suggest ways to arrange a new legislation where the IRM would be a foundation for information & IT management.