| 1 | 1 | | I |
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| 2 | 2 | | 118THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 4711 |
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| 5 | 5 | | To limit the authority of the Secretary of Education to propose or issue |
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| 6 | 6 | | regulations and executive actions. |
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| 7 | 7 | | IN THE HOUSE OF REPRESENTATIVES |
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| 8 | 8 | | JULY18, 2023 |
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| 9 | 9 | | Mr. G |
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| 10 | 10 | | ROTHMANintroduced the following bill; which was referred to the |
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| 11 | 11 | | Committee on Education and the Workforce |
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| 12 | 12 | | A BILL |
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| 13 | 13 | | To limit the authority of the Secretary of Education to |
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| 14 | 14 | | propose or issue regulations and executive actions. |
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| 15 | 15 | | Be it enacted by the Senate and House of Representa-1 |
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| 16 | 16 | | tives of the United States of America in Congress assembled, 2 |
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| 17 | 17 | | SECTION 1. SHORT TITLE. 3 |
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| 18 | 18 | | This Act may be cited as the ‘‘Protecting Taxpayers 4 |
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| 19 | 19 | | from Student Loan Bailouts Act’’. 5 |
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| 20 | 20 | | VerDate Sep 11 2014 22:38 Aug 07, 2023 Jkt 039200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H4711.IH H4711 |
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| 21 | 21 | | kjohnson on DSK79L0C42PROD with BILLS 2 |
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| 22 | 22 | | •HR 4711 IH |
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| 23 | 23 | | SEC. 2. LIMITATION ON AUTHORITY OF SECRETARY OF 1 |
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| 24 | 24 | | EDUCATION TO PROPOSE OR ISSUE REGULA-2 |
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| 25 | 25 | | TIONS AND EXECUTIVE ACTIONS. 3 |
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| 26 | 26 | | Part G of title IV of the Higher Education Act of 4 |
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| 27 | 27 | | 1965 (20 U.S.C. 1088 et seq.) is amended by inserting 5 |
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| 28 | 28 | | after section 492 (20 U.S.C. 1098a) the following: 6 |
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| 29 | 29 | | ‘‘SEC. 492A. LIMITATION ON AUTHORITY OF THE SEC-7 |
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| 30 | 30 | | RETARY TO PROPOSE OR ISSUE REGULA-8 |
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| 31 | 31 | | TIONS AND EXECUTIVE ACTIONS. 9 |
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| 32 | 32 | | ‘‘(a) D |
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| 33 | 33 | | RAFTREGULATIONS.—Beginning after the 10 |
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| 34 | 34 | | date of enactment of this section, a draft regulation imple-11 |
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| 35 | 35 | | menting this title (as described in section 492(b)(1)) that 12 |
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| 36 | 36 | | is determined by the Secretary to be economically signifi-13 |
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| 37 | 37 | | cant shall be subject to the following requirements (re-14 |
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| 38 | 38 | | gardless of whether negotiated rulemaking occurs): 15 |
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| 39 | 39 | | ‘‘(1) The Secretary shall determine whether the 16 |
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| 40 | 40 | | draft regulation, if implemented, would result in an 17 |
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| 41 | 41 | | increase in a subsidy cost. 18 |
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| 42 | 42 | | ‘‘(2) If the Secretary determines under para-19 |
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| 43 | 43 | | graph (1) that the draft regulation would result in 20 |
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| 44 | 44 | | an increase in a subsidy cost, then the Secretary 21 |
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| 45 | 45 | | may take no further action with respect to such reg-22 |
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| 46 | 46 | | ulation. 23 |
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| 47 | 47 | | ‘‘(b) P |
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| 48 | 48 | | ROPOSED ORFINALREGULATIONS ANDEXEC-24 |
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| 49 | 49 | | UTIVEACTIONS.—Beginning after the date of enactment 25 |
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| 50 | 50 | | of this section, the Secretary may not issue a proposed 26 |
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| 52 | 52 | | kjohnson on DSK79L0C42PROD with BILLS 3 |
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| 53 | 53 | | •HR 4711 IH |
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| 54 | 54 | | rule, final regulation, or executive action implementing 1 |
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| 55 | 55 | | this title if the Secretary determines that the rule, regula-2 |
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| 56 | 56 | | tion, or executive action— 3 |
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| 57 | 57 | | ‘‘(1) is economically significant; and 4 |
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| 58 | 58 | | ‘‘(2) would result in an increase in a subsidy 5 |
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| 59 | 59 | | cost. 6 |
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| 60 | 60 | | ‘‘(c) R |
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| 61 | 61 | | ELATIONSHIP TO OTHERREQUIREMENTS.— 7 |
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| 62 | 62 | | The analyses required under subsections (a) and (b) shall 8 |
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| 63 | 63 | | be in addition to any other cost analysis required under 9 |
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| 64 | 64 | | law for a regulation implementing this title, including any 10 |
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| 65 | 65 | | cost analysis that may be required pursuant to Executive 11 |
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| 66 | 66 | | Order 12866 (58 Fed. Reg. 51735; relating to regulatory 12 |
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| 67 | 67 | | planning and review), Executive Order 13563 (76 Fed. 13 |
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| 68 | 68 | | Reg. 3821; relating to improving regulation and regu-14 |
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| 69 | 69 | | latory review), or any related or successor orders. 15 |
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| 70 | 70 | | ‘‘(d) D |
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| 71 | 71 | | EFINITION.—In this section, the term ‘eco-16 |
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| 72 | 72 | | nomically significant’, when used with respect to a draft, 17 |
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| 73 | 73 | | proposed, or final regulation or executive action, means 18 |
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| 74 | 74 | | that the regulation or executive action is likely, as deter-19 |
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| 75 | 75 | | mined by the Secretary— 20 |
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| 76 | 76 | | ‘‘(1) to have an annual effect on the economy 21 |
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| 77 | 77 | | of $100,000,000 or more; or 22 |
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| 78 | 78 | | ‘‘(2) adversely to affect in a material way the 23 |
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| 79 | 79 | | economy, a sector of the economy, productivity, com-24 |
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| 80 | 80 | | petition, jobs, the environment, public health or safe-25 |
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| 82 | 82 | | kjohnson on DSK79L0C42PROD with BILLS 4 |
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| 83 | 83 | | •HR 4711 IH |
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| 84 | 84 | | ty, or State, local, or tribal governments or commu-1 |
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| 85 | 85 | | nities.’’. 2 |
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| 86 | 86 | | Æ |
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| 88 | 88 | | kjohnson on DSK79L0C42PROD with BILLS |
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