Increased Salary Transparency for Tennessee Valley Authority Executives.
This law mandates that the Tennessee Valley Authority (TVA) must regularly report the names, duties, and salaries of its highest-paid managers and board members to Congress. This change aims to increase governmental oversight regarding how the federal corporation spends money on top executive compensation. While the report must contain this data, the law specifically exempts this salary information from standard public disclosure under the Freedom of Information Act (FOIA).
Key points
TVA is required to disclose the names and salaries of all managers earning above a specific federal pay threshold (GS-15 maximum rate).
The requirement ensures these specific financial reports are not automatically terminated by older federal reporting elimination laws.
The salary information, although reported to Congress, is protected from public release via standard FOIA requests.
Status:
Expired
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