Protecting Taxpayers from Student Loan Bailouts Act

Glenn Grothman

Republican · WI · Representative

Source: Congress.gov · FEC

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.

Referred to the House Committee on Education and Workforce.

2025-02-04

Source: Congress.gov

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.

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