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H.R. 4693, Tennessee Valley Authority Salary Transparency Act (CBO Report for Congress)

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Congress 118th
Date Requested July 27, 2023
Requested By House Committee on Transportation and Infrastructure
Date Sent Oct. 20, 2023
Description:
H.R. 4693 would require the Tennessee Valley Authority (TVA) to report to the Congress annually with the names, compensation, and duties of employees at or above the GS-15 pay grade of the General Schedule. Currently the Federal Reports Elimination and Sunset Act of 1995 exempts TVA from having to report such information. H.R. 4693 also would exempt salary information from public disclosure requirements. Under current law, TVA sells electricity at prices sufficient to recover any costs it incurs in lieu of receiving annual appropriations. On that basis, CBO expects that any increase in spending stemming from the reports would be treated as an operating expense and recovered quickly in TVA’s rates for electricity. Thus, CBO estimates that the net effect on direct spending would be negligible.

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