Bill > HR937

This bill, titled the "Protecting Taxpayers from Student Loan Bailouts Act", aims to significantly restrict the Secretary of Education's ability to propose or issue regulations and executive actions related to higher education. Specifically, the bill requires the Secretary to first determine whether any draft regulation deemed "economically significant" (defined as having an annual economic impact of $100 million or more, or substantially affecting economic sectors, productivity, jobs, or public health) would increase subsidy costs. If such an increase is determined, the Secretary would be prohibited from taking any further action on that regulation, including issuing proposed or final rules. The bill adds these limitations to the existing Higher Education Act, creating a new section that mandates additional cost analysis beyond existing regulatory review requirements. This effectively creates a new procedural hurdle for the Department of Education in creating regulations, potentially making it more difficult to implement new policies or programs that could be interpreted as increasing student loan subsidies. The bill is part of a broader effort to constrain executive branch rulemaking authority, particularly in the context of higher education and student loan policy.

Education

https://www.congress.gov/bill/119th-congress/house-bill/937/all-info