Federal Employee Student Debt Transparency Act



<html><body><pre>[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 1295 Introduced in Senate (IS)]

&lt;DOC&gt;






118th CONGRESS
  1st Session
                                S. 1295

To amend chapter 131 of title 5, United States Code, to require Senior 
Executive Service and schedule C employees to disclose Federal student 
                   loan debt, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 26, 2023

  Mr. Budd (for himself, Mr. Marshall, and Mr. Braun) introduced the 
 following bill; which was read twice and referred to the Committee on 
               Homeland Security and Governmental Affairs

_______________________________________________________________________

                                 A BILL


 
To amend chapter 131 of title 5, United States Code, to require Senior 
Executive Service and schedule C employees to disclose Federal student 
                   loan debt, 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 ``Federal Employee Student Debt 
Transparency Act''.

SEC. 2. DISCLOSURE OF FEDERAL STUDENT LOAN DEBT BY SES AND SCHEDULE C 
              EMPLOYEES.

    Section 13104 of title 5, United States Code, is amended by adding 
at the end the following:
    ``(j) Disclosure of Federal Student Loan Debt by SES and Schedule C 
Employees.--
            ``(1) Definition.--In this subsection, the term `covered 
        employee' means an employee of the executive branch who 
        occupies--
                    ``(A) a Senior Executive Service position (as 
                defined in section 3132(a)); or
                    ``(B) a position of a confidential or policy-
                determining nature under schedule C of subpart C of 
                part 213 of title 5, Code of Federal Regulations, or 
                any successor regulation.
            ``(2) Reports by covered employees.--Not later than 60 days 
        after the date of enactment of the Federal Employee Student 
        Debt Transparency Act, and not later than February 28 of each 
        year thereafter, each covered employee shall file a report 
        containing a full and complete statement of the outstanding 
        balance of principal and interest owed by the covered employee 
        on--
                    ``(A) each loan made under part D of title IV of 
                the Higher Education Act of 1965 (20 U.S.C. 1087a et 
                seq.); and
                    ``(B) any loan made, insured, or guaranteed under 
                part B or E of such title (20 U.S.C. 1071 et seq., 
                1087aa et seq.).
            ``(3) New covered employees.--Not later than 60 days after 
        the date on which an individual assumes the position of a 
        covered employee, the individual shall file a report containing 
        the information required under paragraph (2).
            ``(4) Reports to congress.--Not later than May 1 of each 
        year, the Director of the Office of Government Ethics shall 
        transmit to Congress a report containing--
                    ``(A) the total amount owed by all covered 
                employees as reported pursuant to paragraphs (2) and 
                (3); and
                    ``(B) the name of any covered employee who failed 
                to file or report any information required to be 
                reported pursuant to paragraph (2) or (3).''.
                                 &lt;all&gt;
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