H.R. 4711 · 118th Congress
Protecting Taxpayers from Student Loan Bailouts Act
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
GrothmanSponsor2 cosponsors · 2 R
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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.
What it does: CRS summary · Introduced in House · Jul 18, 2023
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Protecting Taxpayers from Student Loan Bailouts Act
Latest action (Jul 18, 2023): Referred to the House Committee on Education and the Workforce.
Policy area: Education · Origin: House · Introduced: Jul 18, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.