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Federal Employee Student Debt Transparency Act

This new act requires high-ranking federal employees to disclose their federal student loan debt. The goal is to increase financial transparency among key government officials, potentially impacting public trust in the administration.
Key points
Senior Executive Service and Schedule C federal employees must report their federal student loan debt.
Debt information will be collected and reported to Congress, including total amounts owed and names of those who fail to report.
The aim is to enhance financial transparency within the federal administration.
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Additional Information
Print number: 117_HR_8283
Sponsor: Rep. Budd, Ted [R-NC-13]
Process start date: 2022-07-05