Tennessee Valley Authority Salary Transparency Act
This bill, titled the Tennessee Valley Authority Salary Transparency Act, would change how the Tennessee Valley Authority (TVA) reports compensation information for its leadership. It requires TVA to prepare a compensation report listing, for management-level staff and above (including all executives and board members) who earn at or above the maximum rate of basic pay for GS-15, their names, salaries, and duties. At the same time, it expressly shields that salary information from public disclosure under the Freedom of Information Act (FOIA) and from the Access to Congressionally Mandated Reports Act. The bill also provides that the Federal Reports Elimination and Sunset Act of 1995 does not apply to these TVA reports, meaning the reporting requirement would remain in effect rather than sunset. In short, the bill creates a targeted salary-reporting requirement for TVA leaders while shielding the data from public visibility and from certain statutory reporting sunset rules.
Key Points
- 1Replaces TVA’s general “financial statement” requirement with a focused “report on compensation” for management level and above, including executives and board members, who are paid at or above the GS-15 maximum.
- 2The report must include the names, salaries, and duties of those employees meeting the threshold.
- 3The salary information in the report is exempt from public disclosure under FOIA and from the Access to Congressionally Mandated Reports Act.
- 4The bill explicitly states that the Federal Reports Elimination and Sunset Act of 1995 does not apply to these TVA compensation reports, ensuring they remain required.
- 5The bill has moved through the House (as indicated by a House passage date in the text) and is introduced in the Senate; sponsor is not identified in the provided text.