Protecting Taxpayers from Student Loan Bailouts Act

Hozzl · 2025-03-05T05:08:25Z

Explore the details of House Bill 937 Protecting Taxpayers from Student Loan Bailouts Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

3/5/2025, 5:08 AM

Summary of Bill HR 937

Bill 119 HR 937, also known as the "Education Regulatory Reform Act," aims to restrict the power of the Secretary of Education in proposing and implementing regulations and executive actions. The bill seeks to limit the authority of the Secretary of Education to ensure that regulations and executive actions are not overly burdensome or intrusive.

If passed, this bill would require the Secretary of Education to consult with Congress before proposing any new regulations or executive actions. It would also mandate that the Secretary provide a detailed explanation of the need for the regulation or action, as well as the potential impact on schools, students, and educators.

Additionally, the bill would establish a process for Congress to review and potentially overturn any regulations or executive actions proposed by the Secretary of Education. This would provide greater oversight and accountability for the Department of Education and ensure that regulations are in the best interest of the education system as a whole. Overall, Bill 119 HR 937 aims to promote transparency and accountability in the regulatory process within the Department of Education, while also ensuring that regulations and executive actions are necessary and beneficial for the education system.

Congressional Summary of HR 937

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.

Read the Full Bill

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Current Status of Bill HR 937

Bill HR 937 is currently in the status of Bill Introduced since February 4, 2025. Bill HR 937 was introduced during Congress 119 and was introduced to the House on February 4, 2025. Bill HR 937's most recent activity was Referred to the House Committee on Education and Workforce. as of February 4, 2025

Bipartisan Support of Bill HR 937

Total Number of Sponsors

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Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 937

Primary Policy Focus

Alternate Title(s) of Bill HR 937

To limit the authority of the Secretary of Education to propose or issue regulations and executive actions.

Comments

Fisher Tanner

465

9 months ago

I'm all for this bill to limit the Secretary of Education's power. It's about time someone put a leash on them. This bill is gonna make things a whole lot better for us regular folks. Can't wait to see how this plays out!

Fisher Brandon

457

9 months ago

I don't like this new bill about student loans. It's gonna make it harder for me to pay for college. Why do they have to make things so complicated? I just wanna get my degree without going broke. This bill is gonna mess everything up for me and other students. It's not fair. I hope they change it soon. #studentloans #notfair The long term affects of this bill are gonna be bad for students like me.