H.R. 66

119th CONGRESS 1st Session

To amend of title 5, United States Code, to require Senior Executive Service and schedule C employees to disclose Federal student loan debt, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES · January 3, 2025 · Sponsor: Mr. Biggs of Arizona · Committee: Committee on Oversight and Government Reform

Table of contents

• H.R. 66
  • SEC. 1. Short title
  • SEC. 2. Disclosure of Federal student loan debt by SES and schedule C employees

SEC. 1. Short title

• This Act may be cited as the Federal Employee Student Debt Transparency Act.

SEC. 2. Disclosure of Federal student loan debt by SES and schedule C employees

• Section 13104 of title 5, United States Code, is amended by adding at the end the following:
  • (j) Disclosure of Federal student loan debt by SES and schedule C employees
    • (1) Definition
      • In this subsection, the term covered employee means an employee of the executive branch who occupies—
        • a Senior Executive Service position (as defined in section 3132(a)); or
        • a position of a confidential or policy-determining nature under schedule C of subpart C of part 213 of title 5, Code of Federal Regulations, or any successor regulation.
    • (2) Reports by covered employees
      • Not later than 60 days after the date of enactment of the Federal Employee Student Debt Transparency Act, and not later than February 28 of each year thereafter, each covered employee shall file a report containing a full and complete statement of the outstanding balance of principal and interest owed by the covered employee on—
      • Reports by covered employees
        • each loan made under part D of title IV of the Higher Education Act of 1965 (); and 20 U.S.C. 1087a et seq.
        • any loan made, insured, or guaranteed under part B or E of such title (, 1087aa et seq.). 20 U.S.C. 1071 et seq.
    • (3) New covered employees
      • Not later than 60 days after the date on which an individual assumes the position of a covered employee, the individual shall file a report containing the information required under paragraph (2).
    • (4) Reports to Congress
      • Not later than May 1 of each year, the Director of the Office of Government Ethics shall transmit to Congress a report containing—
        • the total amount owed by all covered employees as reported pursuant to paragraphs (2) and (3); and
        • the name of any covered employee who failed to file or report any information required to be reported pursuant to paragraph (2) or (3).