Less Bureaucracy, Better Student Aid Act
To ensure the Department of Treasury will manage all federal student loans, federal student debt, and policies regarding student aid eligibility, and for other purposes.
This bill, HB9609, aims to streamline the management of federal student loans and debt by consolidating these responsibilities within the Department of Treasury. It seeks to reduce the administrative burden and improve the efficiency of student aid programs.
The proposed changes would affect students who rely on federal loans, as well as the Department of Treasury and other entities involved in managing student aid. By centralizing these functions, the bill hopes to simplify processes and reduce errors, ultimately benefiting students and the institutions involved.
As of July 15, 2026, the bill has been introduced and referred to the House Committee on Education and Workforce and the Committee on Energy and Commerce. A committee meeting was held on July 15, 2026, where the bill was ordered to be reported (amended) with a vote of 19 to 16. The next steps include further consideration and potential amendments before it can be voted on by the full House.
