This bill, known as the "Truman Scholarship Clean House Act," aims to overhaul the Harry S Truman Memorial Scholarship Act by implementing substantial changes to its governance, scholarship selection, and accountability measures. A key provision involves the dissolution of the existing Board of Trustees of the Harry S Truman Scholarship Foundation within 90 days of enactment, followed by the appointment of a new 13-member Board.

The new Board's composition includes members appointed by congressional leaders and the President, with a crucial stipulation that no more than four presidential appointees may be affiliated with the same political party. Board members will serve six-year terms, with initial staggered appointments, and are limited to two full terms. The bill also redefines the term "affiliated with" a political party to ensure clarity in these new appointment guidelines.

Significant changes are also made to the selection process for Truman Scholars. The bill establishes specific eligibility requirements, including enrollment in a public service-oriented graduate program and a demonstrated record of academic excellence. It mandates the creation of Regional Review Panels, whose members will also have political affiliation limits, to select scholarship recipients based on criteria such as community service, leadership, and academic performance.

Furthermore, the bill introduces new disqualifying factors for scholarship eligibility, such as leadership in suspended student organizations, institutional suspension or expulsion, or felony convictions. It also outlines clear conditions under which a scholarship may be terminated, including failure to submit required reports or providing false information, and specifies that recipients must repay the scholarship amount with interest if payments are stopped or if they fail to fulfill public service commitments.

Finally, the legislation modifies the appointment process for the Foundation's Executive Secretary, requiring a two-thirds Board vote and setting term limits. It also includes new transparency provisions, mandating that the Foundation preserve and publicly display unaltered press releases, program announcements, and scholarship recipient biographies on its website, with clear identification of any edits made to these materials.