Tennessee Valley Authority Salary Transparency Act in plain language
1: Short title
This section would let the Act be called the Tennessee Valley Authority Salary Transparency Act.
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1. Short title This Act may be cited as the Tennessee Valley Authority Salary Transparency Act .
2: Salary disclosure; exception to report elimination
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).
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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: 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 ). .