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This bill changes how the Tennessee Valley Authority reports pay for its top leaders. Instead of a general financial statement, the TVA would have to file a report listing management-level employees, including executives and board members, who are paid at or above the top federal GS-15 salary level. The report must include each person’s name, salary, and job duties. The bill also says this salary information cannot be withheld under certain federal disclosure rules, and it will not be removed or canceled under a law that sunsets some required reports.
- The TVA would need to report on employees at the management level or above, including executives and board members.
- The report must show each covered person’s name, salary, and duties if their pay is at or above the maximum basic pay for GS-15.
- The salary information in the report would be exempt from certain public disclosure limits and from rules that can eliminate mandated reports.
- The bill’s goal is to make TVA top-level pay more transparent and keep that reporting requirement in place.
Official Summaries
Tennessee Valley Authority Salary Transparency Act
This bill expands reporting requirements for the Tennessee Valley Authority (TVA). TVA is a government corporation that provides electricity in Tennessee and in portions of several surrounding states. It also provides flood control, navigation, and land management services for the Tennessee River system.
The bill reinstates the requirement for TVA to file an annual financial statement and report with Congress in March. (The requirement was terminated by the Federal Reports Elimination and Sunset Act of 1995.)
The bill also modifies the requirement that the report include the names, salaries, and duties of employees earning more than $1,500 a year. Under the bill, this information is only required for employees earning more than the maximum rate of basic pay for grade GS-13 of the General Schedule.
Current Full Text
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 144 Referred in Senate (RFS)]
<DOC>
119th CONGRESS
1st Session
H. R. 144
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
January 16, 2025
Received; read twice and referred to the Committee on Environment and
Public Works
_______________________________________________________________________
AN ACT
To provide that the Federal Reports Elimination and Sunset Act of 1995
does not apply to certain reports required to be submitted by the
Tennessee Valley Authority, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Tennessee Valley Authority Salary
Transparency Act''.
SEC. 2. SALARY DISCLOSURE; EXCEPTION TO REPORT ELIMINATION.
Section 9 of the Tennessee Valley Authority Act of 1933 (16 U.S.C.
831h) is amended--
(1) in subsection (a), by striking ``a financial
statement'' and all that follows through ``$1,500 a year'' and
inserting ``a report of the total number of employees at the
management level or above, to include all executives and board
members, that shall include the names, salaries, and duties of
such employees, that are receiving compensation at or greater
than the maximum rate of basic pay for grade GS-15 of the
General Schedule'';
(2) by striking all that precedes ``The Board shall'' and
inserting the following:
``SEC. 9. FINANCIAL REPORTING.
``(a) Report on Compensation.--
``(1) In general.--''; and
(3) in subsection (a), by adding at the end the following:
``(2) Exemption.--The information concerning salaries of
employees of the Corporation contained in, or filed with, the
report described in paragraph (1) is exempt from--
``(A) disclosure under section 552(b)(3) of title
5, United States Code; and
``(B) the requirements of the Access to
Congressionally Mandated Reports Act (Public Law 117-
263).''.
Passed the House of Representatives January 15, 2025.
Attest:
KEVIN F. MCCUMBER,
Clerk.