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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. This aims to increase financial transparency within government administration, potentially impacting public trust in individuals holding key positions.
Key points
Senior federal employees (SES and Schedule C) will be required to report their federal student loan debt annually.
Newly appointed employees in these positions must also disclose their debt within 60 days of assuming their role.
Information on total debt and non-compliant individuals will be reported to Congress, enhancing public oversight.
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Status: Introduced
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Additional Information
Print number: 119_HR_66
Sponsor: Rep. Biggs, Andy [R-AZ-5]
Process start date: 2025-01-03