Loading…
H.R. 937119th CongressIn committeeLatest action Feb 4, 2025Decoded by AI · checked against the record
Official title: Protecting Taxpayers from Student Loan Bailouts Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
HR 937 would block the Education Secretary from issuing costly student loan rules, like broad debt forgiveness, without Congress.
45-second read · 5 questions answered below
HR 937 would bar the U.S. Secretary of Education from advancing draft, proposed, or final rules on federal student loan programs if they are "economically significant" (affecting the economy by $100 million or more, or having major impact on jobs, communities, or public health) and would raise the cost of loan subsidies to the government.
Current and future federal student loan borrowers, and the U.S. Department of Education's rulemaking process going forward.
This would prevent the Department of Education from creating new relief programs, adjusting repayment plans, or forgiving debt if those actions are judged too costly, without those actions going through Congress first.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Referred to the House Committee on Education and Workforce.