Tennessee Valley Authority Salary Transparency Act
Tennessee Valley Authority Salary Transparency Act
Plain Language Summary
# Tennessee Valley Authority Salary Transparency Act Summary **What the Bill Does:** This bill requires the Tennessee Valley Authority (TVA)—a government-owned electricity provider serving Tennessee and parts of surrounding states—to file annual financial reports with Congress. The bill reinstates a reporting requirement that was eliminated in 1995. These reports must include information about highly-paid TVA employees, specifically those earning more than the salary threshold for federal Grade GS-13 positions (roughly $130,000+), including their names, salaries, and job duties. **Who It Affects:** The bill primarily affects the TVA, a major regional power company, and its highest-paid employees.
It also affects Congress and the public, who would gain access to information about TVA executive compensation and finances. **Current Status:** The bill has already passed the House of Representatives. Its next step would be consideration in the Senate.
CRS Official Summary
Tennessee Valley Authority Salary Transparency ActThis 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.
Latest Action
Received in the Senate and Read twice and referred to the Committee on Environment and Public Works.