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HR 4711 118th Congress House Education Administrative law and regulatory procedures Department of Education Economic performance and conditions Government lending and loan guarantees Student aid and college costs

Protecting Taxpayers from Student Loan Bailouts Act

Introduced: July 18, 2023 Introduced by: Grothman, Glenn Republican · Wisconsin See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 18, 2023
Referred to the House Committee on Education and the Workforce.
Jul 18, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

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.

What's happening now July 18, 2023

Referred to the House Committee on Education and the Workforce.

 Related & companion bills 3
  • HR 2811 Related bill Limit, Save, Grow Act of 2023
  • HR 4144 Related bill FAIR Act
  • HR 6951 Related bill College Cost Reduction Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Johnson, Dusty
South Dakota · Apr 17, 2024
 R
Miller, Mary E.
Illinois · Aug 22, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4711: Protecting Taxpayers from Student Loan Bailouts Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-4711/
MLA
"H.R. 4711: Protecting Taxpayers from Student Loan Bailouts Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-4711/.
Bluebook (legal)
H.R. 4711, 118th Cong. (2026), https://openamerica.io/bill/118-HR-4711/.
Markdown link
[H.R. 4711: Protecting Taxpayers from Student Loan Bailouts Act](https://openamerica.io/bill/118-HR-4711/)
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