Congress·In Committee·H.R. 937
Protecting Taxpayers from Student Loan Bailouts Act
Congress Bill Would Block Major Student Loan Changes That Increase Federal Subsidy Costs
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Stalled
No legislative action in over 90 days.
Legislative Progress
House
Key Points
- Would block the Education Department from moving forward with major student loan rules if they would increase the government’s subsidy costs.
- Applies to big-impact actions the Secretary of Education says are “economically significant,” including ones expected to affect the economy by $100 million or more per year.
- Requires the Secretary to estimate whether a draft student loan rule would raise subsidy costs; if yes, they must stop work on that rule.
- Also blocks proposed rules, final rules, or other executive actions on federal student aid if they are economically significant and raise subsidy costs.
- For borrowers, this could limit future large-scale changes that reduce what people owe or make repayment easier if those changes would cost the government more.
Impact Analysis
Personal Impact
How this policy affects specific groups of people
Negative Impacts(2)
Mixed Impacts(1)
Milestones
2 milestones2 actions
Feb 4, 2025
Referred to the House Committee on Education and Workforce.
Feb 4, 2025
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Protecting Taxpayers from Student Loan Bailouts Act
Bill NumberHR 937
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReferred to the House Committee on Education and Workforce.
Data Sources
Sponsor
Cosponsors
(2)R: 2
Analysis generated by AI. Always verify with official sources.