Protecting Taxpayers from Student Loan Bailouts Act

HR 4711, the *Protecting Taxpayers from Student Loan Bailouts Act*, restricts the U.S. Department of Education's authority to create new student loan regulations or executive actions. It prohibits the Secretary of Education from issuing any proposed or final rule, or executive action, that would increase subsidy costs for student loans if the action is deemed "economically significant" (defined as affecting the economy by $100 million annually or materially impacting sectors like jobs, environment, or public health). The bill requires the Secretary to first determine if a regulation would raise subsidy costs and, if so, blocks further action - regardless of other cost analyses required by law. This directly affects the Department of Education's regulatory process but does not alter existing student loan programs or repayment terms.