,,ii  #aah? ,,congress  #a/ ,session    
,s4 #abie  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,april #bf1 #bjbc,mr4  
,budd 7= himself1 ,mr4 ,m>%all1 & ,mr4  
,braun7 introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,homel& ,security & ,gov]nm5tal ,affairs
  ,a ,,bill  ,to am5d *apt] #aca ( title
 #e1 ,unit$ ,/ates ,code1 to require    
,s5ior ,executive ,s]vice & s*$ule ,c   
employees to disclose ,f$]al /ud5t loan 
debt1 & = o!r purposes4  #a4 ,%ort title
 ,?is ,act may be cit$ z ! ,f$]al       
,employee ,/ud5t ,debt ,transp>5cy ,act4
  #b4 ,disclosure ( ,f$]al /ud5t loan   
debt by ,,ses & s*$ule ,c employees     
,section #acajd ( title #e1 ,unit$      
,/ates ,code1 is am5d$ by add+ at ! end 
! foll[+3  7j7 ,disclosure ( ,f$]al     
/ud5t loan debt by ,,ses & s*$ule ,c    
employees  7#a7 ,def9ition ,9 ?is       
subsection1 ! t]m cov]$ employee means  
an employee ( ! executive bran* :o      
occupies-- 7,a7 a ,s5ior ,executive     
,s]vice position 7z def9$ 9 section     

#cacb7;a772 or  7,b7 a position ( a     
confid5tial or policy-det]m9+ nature "u 
s*$ule ,c ( subp>t ,c ( "p #bac ( title 
#e1 ,code ( ,f$]al ,regulations1 or any 
successor regulation4  7#b7 ,reports by 
cov]$ employees ,n lat] ?an #fj days    
aft] ! date ( enactm5t ( ! ,f$]al       
,employee ,/ud5t ,debt ,transp>5cy ,act1
 & n lat] ?an ,febru>y #bh ( ea* ye>    
!reaft]1 ea* cov]$ employee %all file a 
report conta9+ a full & complete /atem5t
 ( ! out/&+ balance ( pr9cipal & int]e/ 
ow$ by ! cov]$ employee on-- 7,a7 ea*   
loan made "u "p ,d ( title ,,iv ( !     
,high] ,education ,act ( #aife 7#bj     
,u4,s4,c4 #ajhg;a et seq472 &  7,b7 any 
loan made1 insur$1 or gu>ante$ "u "p ,b 
or ,e ( su* title 7#bj ,u4,s4,c4 #ajga  
et seq41 #ajhg;aa et seq474  7#c7 ,new  
cov]$ employees ,n lat] ?an #fj days    
aft] ! date on :i* an individual assumes
 ! position ( a cov]$ employee1 !       
individual %all file a report conta9+ ! 
in=mation requir$ "u p>agraph 7#b74     
7#d7 ,reports to ,congress ,n lat] ?an  

,may #a ( ea* ye>1 ! ,director ( !      
,(fice ( ,gov]nm5t ,e?ics %all transmit 
to ,congress a report conta9+-- 7,a7 !  
total am\nt ow$ by all cov]$ employees z
 report$ pursuant to p>agraphs 7#b7 &   
7#c72 &  7,b7 ! "n ( any cov]$ employee 
:o fail$ to file or report any in=mation
 requir$ to be report$ pursuant to      
p>agraph 7#b7 or 7#c74  4