Tennessee Valley Authority Salary Transparency Act

This Act may be cited as the “Tennessee Valley Authority Salary Transparency Act”.

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).”.