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Study required on transferring student debt management from Education to Treasury.

This bill mandates the Comptroller General (GAO) to conduct a detailed study on the potential transfer of federal student debt functions from the Department of Education to the Department of the Treasury. The study aims to assess administrative costs, eliminate duplication of duties between agencies, and evaluate the impact on program management. While the bill does not immediately change student loan terms, its findings could influence how student loans are managed in the future, potentially affecting administrative efficiency and taxpayer costs.
Key points
Requires the GAO to study the transfer of student loan functions (Office of Federal Student Aid) from the Department of Education to the Department of the Treasury.
The analysis must assess potential administrative costs, duplication of duties, and whether Treasury employees possess the necessary expertise to manage student debt.
GAO must consult with stakeholders, including universities and financial aid administrators, and submit the final report to Congress within two years.
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Additional Information
Print number: 117_HR_1981
Sponsor: Rep. Murphy, Gregory [R-NC-3]
Process start date: 2021-03-17
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To require the Comptroller General to submit a report on the transfer of student debt functions from the Department of Education to the Department of the Treasury, including costs of such a transfer and the mitigation of the duplication of duties by Federal agencies, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1981.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-17.

What are the main provisions?

Key points include:

  • Requires the GAO to study the transfer of student loan functions (Office of Federal Student Aid) from the Department of Education to the Department of the Treasury.
  • The analysis must assess potential administrative costs, duplication of duties, and whether Treasury employees possess the necessary expertise to manage student debt.
  • GAO must consult with stakeholders, including universities and financial aid administrators, and submit the final report to Congress within two years.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Murphy, Gregory [R-NC-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Education and Labor.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Education Economy