OK, for starter the while loop. Main rule of writing shell scripts is, Use The Shell, Luke. Don't start external programs, if your shell (which is already running) can do it. "while /usr/bin/true" is nonsense, every time an external program gets executed for nothing. There are plenty of bash (since this shell is used in the example) internals, which evaluate to true, like ":", "test 1", "(( 1 ))", maybe others too. So "while :" should be better. But why even use dummy true statement, since the loop terminates with read? You can put the read as argument to while directly: "while read -r line; do" ... Same with echo and date. Just use one single printf builtin.
while read -r line ; do printf '%(%FT%T%z)T %-9s %s' -1 "$(/usr/bin/id --user --name --real)" "$line" ; done