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Federal Officials Must Disclose Student Loan Debt for Transparency.

This law mandates high-ranking federal employees (Senior Executive Service and Schedule C) to disclose the full outstanding balance of their federal student loan debt. The goal is to increase financial transparency among officials who make key policy decisions in the executive branch, allowing citizens to better assess potential conflicts of interest. This information will be compiled and reported annually to Congress.
Key points
Senior Executive Service (SES) and Schedule C employees in the executive branch must report their federal student loan debt balances.
The disclosure must include the full outstanding principal and interest owed on all covered federal student loans.
The Office of Government Ethics must annually report to Congress the total debt amount and the names of employees who failed to comply with the reporting requirement.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_S_1295
Sponsor: Sen. Budd, Ted [R-NC]
Process start date: 2023-04-26
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Federal Employee Student Debt Transparency Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_1295.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-04-26.

What are the main provisions?

Key points include:

  • Senior Executive Service (SES) and Schedule C employees in the executive branch must report their federal student loan debt balances.
  • The disclosure must include the full outstanding principal and interest owed on all covered federal student loans.
  • The Office of Government Ethics must annually report to Congress the total debt amount and the names of employees who failed to comply with the reporting requirement.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Budd, Ted [R-NC].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Labor Courts and Law