[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4711 Introduced in House (IH)]

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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.''.
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