Federal Employee Student Debt Transparency Act

Summary

Requires Senior Executive Service (SES) employees and Schedule C confidential or policy‑determining executive-branch appointees to disclose outstanding federal student loan principal and interest. Covered employees must file an initial report within 60 days of enactment (or within 60 days of assuming a covered position) and then file annually by February 28 listing balances for loans made under Parts B, D, or E of Title IV of the Higher Education Act. Directs the Director of the Office of Government Ethics (OGE) to compile the reported totals and annually transmit to Congress by May 1 (A) the combined amount owed by all covered employees and (B) the names of any covered employees who failed to file required reports. The text does not provide new funding, specify penalties beyond naming non‑filers, or expand the reporting requirement beyond the specified executive-branch positions and loan types.

• SES and Schedule C executive-branch employees must disclose outstanding federal student loan principal and interest.
• Initial report required within 60 days of enactment (or 60 days after assuming a covered position); then annually by February 28.
• Disclosure covers loans made under Parts B, D, and E of Title IV of the Higher Education Act.
• OGE must transmit an annual report to Congress by May 1 with the total amount owed and names of employees who failed to file.
• No new funding or specific enforcement penalties are specified in the text beyond naming non‑filers.
• Applies only to a narrow set of high‑level executive branch employees, not the broader federal workforce.
• Imposes modest administrative duties on covered employees, their agencies, and OGE to collect and compile data.
• Raises transparency and privacy tradeoffs by making financial obligations of senior officials visible to Congress (and potentially public oversight).