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H.R. 937: Protecting Taxpayers from Student Loan Bailouts Act
119th Congress · introduced 2025-02-04 · Education · Latest: Referred to the House Committee on Education and Workforce.
federal
Official title
Protecting Taxpayers from Student Loan Bailouts Act
Plain 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.
Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.
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What does this mean? (plain words)
Official text
Protecting Taxpayers from Student Loan Bailouts Act
Source: Congressional Research Service summary (Introduced in House)
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Officials and money
Sponsor: Rep. Grothman, Glenn [R-WI-6] · 2 cosponsors
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Words on this page, explained (1)
- Bill
- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Introduced in House)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119hr937.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/hr>
Record fed-us-cong119-hr937 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills