To amend the Tennessee Valley Authority Act of 1933 to require that the compensation plan for Tennessee Valley Authority employees be based on an annual survey of prevailing compensation for similar private industry positions in the United States and Canada, and for other purposes.

This bill specifies that a survey used to develop a compensation plan for employees of the Tennessee Valley Authority (which provides low-cost electricity in seven southeastern states) must collect information from private industry in the United States and Canada. Under current law, the survey must collect information about prevailing compensation for relevant roles in private industry; publicly owned electric utilities; and federal, state, and local governments.