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.
Status:
Expired
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