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House Bill 4711
118th Congress(2023-2024)
Protecting Taxpayers from Student Loan Bailouts Act
Introduced
Introduced
Introduced in House on Jul 18, 2023
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Introduced in House 
Jul 18, 2023
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Introduced in House(Jul 18, 2023)
Jul 18, 2023
No Linkage Found
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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H. R. 4711 (Introduced-in-House)


118th CONGRESS
1st Session
H. R. 4711


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

IN THE HOUSE OF REPRESENTATIVES

July 18, 2023

Mr. Grothman introduced the following bill; which was referred to the Committee on Education and the Workforce

A BILL

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

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Protecting Taxpayers from Student Loan Bailouts Act”.

SEC. 2. Limitation on authority of Secretary of Education to propose or issue regulations and executive actions.

Part G of title IV of the Higher Education Act of 1965 (20 U.S.C. 1088 et seq.) is amended by inserting after section 492 (20 U.S.C. 1098a) the following:

“SEC. 492A. Limitation on authority of the Secretary to propose or issue regulations and executive actions.

“(a) Draft regulations.—Beginning after the date of enactment of this section, a draft regulation implementing this title (as described in section 492(b)(1)) that is determined by the Secretary to be economically significant shall be subject to the following requirements (regardless of whether negotiated rulemaking occurs):

“(1) The Secretary shall determine whether the draft regulation, if implemented, would result in an increase in a subsidy cost.

“(2) If the Secretary determines under paragraph (1) that the draft regulation would result in an increase in a subsidy cost, then the Secretary may take no further action with respect to such regulation.

“(b) Proposed or final regulations and executive actions.—Beginning after the date of enactment of this section, the Secretary may not issue a proposed rule, final regulation, or executive action implementing this title if the Secretary determines that the rule, regulation, or executive action—

“(1) is economically significant; and

“(2) would result in an increase in a subsidy cost.

“(c) Relationship to other requirements.—The analyses required under subsections (a) and (b) shall be in addition to any other cost analysis required under law for a regulation implementing this title, including any cost analysis that may be required pursuant to Executive Order 12866 (58 Fed. Reg. 51735; relating to regulatory planning and review), Executive Order 13563 (76 Fed. Reg. 3821; relating to improving regulation and regulatory review), or any related or successor orders.

“(d) Definition.—In this section, the term ‘economically significant’, when used with respect to a draft, proposed, or final regulation or executive action, means that the regulation or executive action is likely, as determined by the Secretary—

“(1) to have an annual effect on the economy of $100,000,000 or more; or

“(2) adversely to 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.