Tennessee Valley Authority Salary Transparency Act

Tennessee Valley Authority Salary Transparency Act

This 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.

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 144 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 144

To provide that the Federal Reports Elimination and Sunset Act of 1995 
   does not apply to certain reports required to be submitted by the 
          Tennessee Valley Authority, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 3, 2025

Mr. Cohen (for himself and Mr. Burchett) introduced the following bill; 
       which was referred to the Committee on Transportation and 
                             Infrastructure

_______________________________________________________________________

                                 A BILL


 
To provide that the Federal Reports Elimination and Sunset Act of 1995 
   does not apply to certain reports required to be submitted by the 
          Tennessee Valley Authority, 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 ``Tennessee Valley Authority Salary 
Transparency Act''.

SEC. 2. SALARY DISCLOSURE; EXCEPTION TO REPORT ELIMINATION.

    Section 9 of the Tennessee Valley Authority Act of 1933 (16 U.S.C. 
831h) is amended--
            (1) in subsection (a), by striking ``a financial 
        statement'' and all that follows through ``$1,500 a year'' and 
        inserting ``a report of the total number of employees at the 
        management level or above, to include all executives and board 
        members, that shall include the names, salaries, and duties of 
        such employees, that are receiving compensation at or greater 
        than the maximum rate of basic pay for grade GS-15 of the 
        General Schedule'';
            (2) by striking all that precedes ``The Board shall'' and 
        inserting the following:

``SEC. 9. FINANCIAL REPORTING.

    ``(a) Report on Compensation.--
            ``(1) In general.--''; and
            (3) in subsection (a), by adding at the end the following:
            ``(2) Exemption.--The information concerning salaries of 
        employees of the Corporation contained in, or filed with, the 
        report described in paragraph (1) is exempt from--
                    ``(A) disclosure under section 552(b)(3) of title 
                5, United States Code; and
                    ``(B) the requirements of the Access to 
                Congressionally Mandated Reports Act (Public Law 117-
                263).''.
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