,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #icg  ,,in ,,the ,,house ,,of   
,,representatives  ,february #d1        
#bjbe,mr4 ,grothman 7for himself and    
,mr4 ,johnson of ,south ,dakota7        
introduced the following bill2 which was
 referred to the ,committee on          
,education and ,workforce  ,a ,,bill    
,to limit the authority of the          
,secretary of ,education to propose or  
issue regulations and executive actions4
  #a4 ,short title ,this ,act may be    
cited as the ,protecting ,taxpayers from
 ,student ,loan ,bailouts ,act4  #b4    
,limitation on authority of ,secretary  
of ,education to propose or issue       
regulations and executive actions ,part 
,g of title ,,iv of the ,higher         
,education ,act of #aife 7#bj ,u4,s4,c4 
#ajhh et seq47 is amended by inserting  
after section #dib 7#bj ,u4,s4,c4       
#ajih;a7 the following3  #dib;,a4       
,limitation on authority of the         
,secretary to propose or issue          
regulations and executive actions  7a7  

,draft regulations ,beginning after the 
date of enactment of this section1 a    
draft regulation implementing this title
 7as described in section #dib7;b77#a77 
that is determined by the ,secretary to 
be economically significant shall be    
subject to the following requirements   
7regardless of whether negotiated       
rulemaking occurs73 7#a7 ,the ,secretary
 shall determine whether the draft      
regulation1 if implemented1 would result
 in an increase in a subsidy cost4  7#b7
 ,if the ,secretary determines under    
paragraph 7#a7 that the draft regulation
 would result in an increase in a       
subsidy cost1 then the ,secretary may   
take no further action with respect to  
such regulation4  7b7 ,proposed or final
 regulations and executive actions      
,beginning after the date of enactment  
of this section1 the ,secretary may not 
issue a proposed rule1 final regulation1
 or executive action implementing this  
title if the ,secretary determines that 
the rule1 regulation1 or executive      

action-- 7#a7 is economically           
significant2 and  7#b7 would result in  
an increase in a subsidy cost4  7c7     
,relationship to other requirements ,the
 analyses required under subsections 7a7
 and 7b7 shall be in addition to any    
other cost analysis required under law  
for a regulation implementing this      
title1 including any cost analysis that 
may be required pursuant to ,executive  
,order #abhff 7#eh ,fed4 ,reg4 #eagce2  
relating to regulatory planning and     
review71 ,executive ,order #acefc 7#gf  
,fed4 ,reg4 #chba2 relating to improving
 regulation and regulatory review71 or  
any related or successor orders4  7d7   
,definition ,in this section1 the term  
economically significant1 when used with
 respect to a draft1 proposed1 or final 
regulation or executive action1 means   
that the regulation or executive action 
is likely1 as determined by the         
,secretary-- 7#a7 to have an annual     
effect on the economy of #ajj1jjj1jjj or
 more2 or  7#b7 adversely to affect in a

 material way the economy1 a sector of  
the economy1 productivity1 competition1 
jobs1 the environment1 public health or 
safety1 or ,state1 local1 or tribal     
governments or communities4  4