Student Loans: Transfer to Treasury Department
A house committee must act next: committee consideration.
Moving a major program between departments is a massive change that rarely happens without support from both parties and the White House.
Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
Education Department staff who work on student loans, grants, and related programs would be transferred to Treasury along with their functions, records, and funding. The bill requires that this reshuffling not increase the total number of federal employees, which could mean job cuts, reassignments, or uncertainty for the workers currently handling these programs.
“The Director of the Office of Management and Budget shall ensure that this Act does not result in a net increase in full-time equivalent employees at the Federal agencies impacted by this Act, based on the number of such employees at such agencies on the date of enactment of this Act.”
Referred to the Committee on Education and Workforce, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Senate Democrats urged the administration to rescind an interagency agreement that would move the $1.7 trillion federal student loan portfolio to the Treasury Department, warning the transfer would introduce 'more dysfunction' and 'threatens to trap borrowers in chaos and bureaucracy.'
Education Secretary Linda McMahon and state officials decried federal bureaucracy while announcing waivers to reduce red tape. The move aligns with the broader 'Less Bureaucracy' legislative push in Washington to streamline education programs and shift oversight away from the federal level.
No votes or related bills recorded for this bill yet.
Document Type
Congressional Bill
Official Title
Less Bureaucracy, Better Student Aid Act
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