arrow_back Back to App

Limiting Student Loan Forgiveness: Protecting Taxpayers

This act restricts the Secretary of Education's ability to forgive student loans if such actions have a significant financial impact and increase costs for taxpayers. This means future student loan relief programs will be harder to implement, potentially affecting individuals with student debt.
Key points
The Secretary of Education cannot issue new regulations or executive actions on student loans if they would cost the economy $100 million or more annually and increase taxpayer costs.
The act aims to protect taxpayer money by preventing costly student loan forgiveness programs.
Individuals with student loans may have limited access to future relief programs if deemed too expensive.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_4711
Sponsor: Rep. Grothman, Glenn [R-WI-6]
Process start date: 2023-07-18
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Protecting Taxpayers from Student Loan Bailouts Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4711.

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 2023-07-18.

What are the main provisions?

Key points include:

  • The Secretary of Education cannot issue new regulations or executive actions on student loans if they would cost the economy $100 million or more annually and increase taxpayer costs.
  • The act aims to protect taxpayer money by preventing costly student loan forgiveness programs.
  • Individuals with student loans may have limited access to future relief programs if deemed too expensive.
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. Grothman, Glenn [R-WI-6].

What is the latest detailed status?

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

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Education Economy