This bill requires certain high-level federal employees to report their federal student loan debt each year. It covers employees in the Senior Executive Service and those in confidential or policy jobs (often called “Schedule C”). They must report how much they still owe, including principal and interest, on federal student loans like Direct Loans, FFEL, and Perkins loans .

The Office of Government Ethics must send Congress a yearly summary with the total amount owed by all covered employees and list anyone who failed to file. Reports are due within 60 days after the law takes effect, then each year by February 28; new covered employees have 60 days after starting to file their first report.

• Who is affected: Senior Executive Service and Schedule C federal employees
• What changes: They must annually disclose how much they owe on federal student loans (principal and interest)
• When: First report within 60 days of enactment (or 60 days after starting the job), then every year by February 28; the ethics office reports to Congress by May 1 each year