Federal Employee Student Debt Transparency Act

Hozzl · 2023-12-15T15:58:45Z

Explore the details of House Bill 3740 Federal Employee Student Debt Transparency Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Government Operations and Politics. Stay informed on legislative developments.

12/15/2023, 3:58 PM

Summary of Bill HR 3740

Bill 118 hr 3740, also known as the Federal Employee Student Debt Transparency Act, aims to increase transparency surrounding the student loan debt of federal employees. The bill requires federal agencies to report annually on the amount of student loan debt held by their employees, as well as the number of employees who are receiving student loan repayment benefits.

The goal of the bill is to provide a clearer picture of the student loan debt burden faced by federal employees, and to ensure that agencies are effectively utilizing student loan repayment benefits to attract and retain top talent. By requiring agencies to report on this information, lawmakers hope to identify any trends or issues related to student loan debt among federal employees, and to make informed decisions on how to best support these workers.

Overall, the Federal Employee Student Debt Transparency Act seeks to promote greater awareness and understanding of the student loan debt challenges faced by federal employees, and to encourage agencies to effectively address these issues through targeted policies and programs.

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Current Status of Bill HR 3740

Bill HR 3740 is currently in the status of Bill Introduced since May 26, 2023. Bill HR 3740 was introduced during Congress 118 and was introduced to the House on May 26, 2023. Bill HR 3740's most recent activity was Referred to the House Committee on Oversight and Accountability. as of May 26, 2023

Bipartisan Support of Bill HR 3740

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 3740

Primary Policy Focus

Government Operations and Politics

Alternate Title(s) of Bill HR 3740

Federal Employee Student Debt Transparency Act

To amend chapter 131 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.