summary
Introduced
07/18/2023
07/18/2023
In Committee
07/18/2023
07/18/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To limit the authority of the Secretary of Education to propose or issue regulations and executive actions.
AI Summary
This bill, titled the "Protecting Taxpayers from Student Loan Bailouts Act," aims to limit the authority of the Secretary of Education to propose or issue regulations and executive actions related to the Higher Education Act of 1965. Specifically, the bill requires the Secretary to determine whether any draft regulation implementing the Higher Education Act that is deemed "economically significant" would result in an increase in subsidy costs. If so, the Secretary would be prohibited from taking any further action on that regulation. Additionally, the Secretary would be prohibited from issuing any proposed rule, final regulation, or executive action implementing the Higher Education Act that is deemed "economically significant" and would result in an increase in subsidy costs. These requirements would be in addition to any other cost analysis required by law or executive order.
Committee Categories
Education
Sponsors (3)
Last Action
Referred to the House Committee on Education and the Workforce. (on 07/18/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/4711/all-info |
| BillText | https://www.congress.gov/118/bills/hr4711/BILLS-118hr4711ih.pdf |
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