Tennessee Valley Authority Salary Transparency Act

This section would let the Act be called the Tennessee Valley Authority Salary Transparency Act.

This section would amend section 9 of the Tennessee Valley Authority Act of 1933 (16 U.S.C. 831h). It would replace the current financial statement reporting requirement in subsection (a), which had used a $1,500-a-year threshold, with a new requirement that the TVA Board report the total number of employees at the management level or above, including all executives and board members, who receive compensation at or greater than the maximum rate of basic pay for grade GS-15 of the General Schedule. That report would have to include the names, salaries, and duties of those employees. The section would also add headings to organize subsection (a): the amended section 9 would be titled Financial reporting, with this reporting requirement placed under a subsection heading of Report on compensation and a paragraph heading of In general. It would further add a new paragraph to subsection (a), headed Exemption, stating that the salary information contained in or filed with that report is exempt from disclosure under the Freedom of Information Act provision covering matters specifically exempted from disclosure by another statute (5 U.S.C. 552(b)(3)), and is exempt from the requirements of the Access to Congressionally Mandated Reports Act (Public Law 117-263).