Protecting Taxpayers from Student Loan Bailouts Act

This bill limits the Secretary of Education's authority to create new student loan regulations or executive actions that could increase taxpayer costs. Specifically, it requires the Secretary to determine if a proposed rule would raise subsidy costs before moving forward; if it would, the rule cannot proceed. The restriction applies to any "economically significant" rule (costing $100 million+ annually or materially affecting the economy, jobs, or other key areas). The bill directly affects the Department of Education's regulatory process, not student loan borrowers or lenders.