H.R. 937 Introduced Education

Protecting Taxpayers from Student Loan Bailouts Act

To limit the authority of the Secretary of Education to propose or issue regulations and executive actions.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Grothman, Glenn [R-WI-6] Introduced February 4, 2025 Cosponsors 2 (2 R) Latest action February 4, 2025

Summary

Protecting Taxpayers from Student Loan Bailouts Act
This bill limits the authority of the Department of Education (ED) to propose or issue regulations and executive actions related to federal student aid programs.
The bill prohibits ED from issuing such a proposed rule, final regulation, or executive action if ED determines that the rule, regulation, or action (1) is economically significant, and (2) would result in an increase in a subsidy cost. Economically significant refers to a regulation or executive action that is likely to (1) have an annual effect on the economy of $100 million or more; or (2) adversely affect in a material way the economy, a sector of the economy, productivity, competition, jobs, the environment, public health or safety, or state, local, or tribal governments or communities.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Feb 4, 2025 Referred to the House Committee on Education and Workforce.
  2. Feb 4, 2025 Introduced in House

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