Representative Steve Cohen introduces H.R. 144: Tennessee Valley Authority Salary Transparency Act

We have received text from H.R. 144: Tennessee Valley Authority Salary Transparency Act. This bill was received on 2025-01-03, and currently has 1 cosponsor.

Here is a short summary of the bill:

This bill, known as the Tennessee Valley Authority (TVA) Salary Transparency Act, proposes to amend the existing financial reporting requirements for the Tennessee Valley Authority, which is a federally owned corporation that provides electricity for business customers and local power distributors across the Tennessee Valley region.

Key Provisions of the Bill

• Salary Disclosure Requirements: The bill requires the TVA to submit a report detailing the total number of employees at the management level or higher. This report must include the names, salaries, and job duties of those employees who are receiving compensation at or above a certain threshold, specifically at or above the maximum pay rate for a GS-15 grade employee in the General Schedule, which is a pay scale used in the U.S. federal government.
• Exemption from Disclosure Laws: The information concerning salaries included in this report is exempt from disclosure under certain regulations. Specifically, it will not be subject to the Freedom of Information Act (FOIA) provisions that typically protect such information from public access. Additionally, it will not adhere to the requirements set forth in the Access to Congressionally Mandated Reports Act.
• Applicability of the Federal Reports Elimination and Sunset Act: The bill states that the reporting requirements for the TVA outlined in this legislation will not be subject to the provisions of the Federal Reports Elimination and Sunset Act of 1995, which seeks to reduce the number of federal reports submitted to Congress.

Overall Impact

The primary outcome of this bill would be to enhance salary transparency for high-level TVA employees while also protecting that salary information from being publicly accessible under federal transparency laws. By mandating the specific reporting of salaries and job duties at the upper management level, the bill aims to provide a clearer picture of compensation structures within the TVA.

Relevant Companies

• None found

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