Protecting Taxpayers from Student Loan Bailouts Act
Introduced Feb 4, 2025 by Rep. Glenn Grothman
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
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.
No floor votes yet — it hasn't reached the floor of either chamber.