HR937Referred to Committee

Protecting Taxpayers from Student Loan Bailouts Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-02-04
Introduced
2
Cosponsors
HR
ⓘ
Type

Sponsor

Glenn Grothman
Glenn Grothman
Republican · WI · Representative
Votes with party: 96.2% (659 recorded votes)

Full profile: /officials/G000576

Source: Congress.gov · FEC

Cosponsors (2)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

2 cosponsors on record at Congress.gov. The named list is syncing into Govwatch and will appear here shortly — view on Congress.gov in the meantime.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Education and Workforce.

2025-02-04

Source: Congress.gov

Committee Activity

Currently in

Plain-English 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.

Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.

Subjects

Education
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Related legislation

Bills by the same sponsor or covering overlapping subjects.