Tennessee Valley Authority Salary Transparency Act
Impact
The passage of HB 4693 would result in significant changes to the financial reporting obligations of the TVA. Currently, the TVA is subject to the Federal Reports Elimination and Sunset Act of 1995, which limits certain reporting requirements. This bill would exempt TVA from these limitations, allowing for a more comprehensive disclosure of employee compensation details. The intent is to provide stakeholders, including Congress and the public, with better insight into how taxpayer money is spent on executive salaries within a federal agency.
Summary
House Bill 4693, titled the Tennessee Valley Authority Salary Transparency Act, aims to enhance the transparency of salaries paid to employees within the Tennessee Valley Authority (TVA). This bill specifically requires the TVA to submit annual reports detailing the number of management-level employees, their names, salaries, and job responsibilities, particularly for those earning compensation at or above the GS-15 level on the federal pay scale. By mandating these disclosures, the bill seeks to ensure that taxpayer-funded organizations operate with a higher level of accountability regarding employee compensation.
Sentiment
The sentiment around HB 4693 appears to lean towards promoting good governance and accountability. Supporters argue that greater transparency in salary disclosures is essential for maintaining public trust, especially in institutions funded by federal resources. By demonstrating openness in financial matters, the TVA could enhance its reputation and potentially foster a more engaged community around its operations. However, there may also be concerns from individuals who question the necessity of such detailed disclosures or the potential impacts on employee privacy.
Contention
Notable points of contention regarding HB 4693 could revolve around concerns about privacy and the potential backlash against TVA employees due to salary disclosures. While proponents of the bill may argue that the transparency is necessary to uphold accountability, opponents might raise concerns that publicizing salaries could dissuade competent individuals from seeking positions within the TVA or create an environment of scrutiny that affects employee morale. Additionally, the implications this bill may have on the wider federal governance framework regarding employee compensation transparency could also come into discussion as the bill moves forward.
Tennessee Valley Authority Salary Transparency ActThis bill expands reporting requirements for the Tennessee Valley Authority (TVA). TVA is a government corporation that provides electricity in Tennessee and in portions of several surrounding states. It also provides flood control, navigation, and land management services for the Tennessee River system.The bill reinstates the requirement for TVA to file an annual financial statement and report with Congress in March. (The requirement was terminated by the Federal Reports Elimination and Sunset Act of 1995.)The bill also modifies the requirement that the report include the names, salaries, and duties of employees earning more than $1,500 a year. Under the bill, this information is only required for employees earning more than the maximum rate of basic pay for grade GS-13 of the General Schedule.
Tennessee Valley Authority Transparency Act of 2023 This bill revises the duties of the Tennessee Valley Authority (TVA) Board of Directors to include holding public meetings. The board must provide public notice at least six days before such a meeting, unless the meeting is designated as an emergency. The TVA provides low-cost electricity in seven southeastern states. It also provides flood control, navigation, and land management for the Tennessee River system.
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