H.R. 66
Federal Employee Student Debt Transparency Act
In Plain Language
The bill requires certain high-ranking federal employees to report how much federal student loan debt they owe each year. These employees include those in top executive positions and policy-making roles. The Office of Government Ethics will then publish a yearly report to Congress showing the total debt owed by all these employees and naming anyone who doesn't file their required report.
Official Congressional Research Service summary
Federal Employee Student Debt Transparency ActThis bill requires certain executive branch employees to disclose their federal student loan debt in an annual report.The bill's requirement applies to an employee serving in a Senior Executive Service position or a position of a confidential or policy-determining nature (i.e., a Schedule C position). Covered employees must file a report detailing the principal and interest owed on loans under the William D. Ford Federal Direct Loan Program, the Federal Family Education Loan Program, and the Federal Perkins Loan Program. The bill also requires the Office of Government Ethics to submit an annual report to Congress that contains (1) the total amount owed by all covered employees, and (2) the name of any covered employee who failed to report the required information.
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Latest action
Referred to the House Committee on Oversight and Government Reform.
Jan 3, 2025
Official source
Action history
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