A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Education relating to "William D. Ford Federal Direct Loan (Direct Loan) Program".
Summary
This joint resolution proposes to formally disapprove and nullify a specific rule issued by the Department of Education concerning the William D. Ford Federal Direct Loan Program. By invoking the Congressional Review Act, the legislation aims to prevent the executive branch from implementing or enforcing the regulations described in the rule. If passed by both chambers of Congress and signed by the President, the rule would have no legal force or effect.
Because this is a binding joint resolution, its enactment would directly stop the Department of Education from moving forward with its planned changes to federal student loan administration. This could impact how student loans are processed, managed, or repaid, depending on the specific provisions of the rule being targeted. Additionally, the resolution would prevent the Department from issuing a substantially similar rule in the future without new authorization from Congress.