Federal Employee Student Debt Transparency Act
- Last Action
- 4/26/2023
Actions
- 2023-04-26Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
- 2023-04-26Introduced in Senate
CRS Summary
As of 2023-04-26 (00)
Federal Employee Student Debt Transparency Act
This bill requires certain executive branch employees to disclose their federal student loan debt in an annual report.
The bill's requirement applies to an employee serving in a Senior Executive Service position or a position of a confidential or policy-determining nature (i.e., a Schedule C position). Covered employees must file a report detailing the principal and interest owed on loans under the William D. Ford Federal Direct Loan Program, the Federal Family Education Loan Program, and the Federal Perkins Loan Program.
The bill also requires the Office of Government Ethics to submit an annual report to Congress that contains (1) the total amount owed by all covered employees, and (2) the name of any covered employee who failed to report the required information.
Cosponsors (2)
- Roger Marshall (R-KS)
- Mike Braun (R-IN)
Subjects
- Congressional oversight
- Government employee pay, benefits, personnel management
- Government information and archives
- Government lending and loan guarantees
- Higher education
- Student aid and college costs
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.