Federal Employee Student Debt Transparency Act

HR 3740, the Federal Employee Student Debt Transparency Act, requires certain high-level federal employees to publicly disclose their student loan debt. Specifically, it applies to Senior Executive Service (SES) employees and Schedule C appointees (political appointees in policy roles), mandating they report their full student loan balances (including federal loans under the Higher Education Act) within 60 days of taking the position and annually by February 28. The Office of Government Ethics must then submit an annual report to Congress by May 1, detailing the total debt owed by all covered employees and identifying those who failed to report. This bill focuses solely on transparency, not debt relief or policy changes.