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B-333378 Jul 01, 2021 1 (2021-07-01)

handle is hein.gao/gaombl0001 and id is 1 raw text is: m1O o U.S. GOVERNMENT ACCOUNTABILITY OFFICE A Century of Non-Partisan Fact-Based Work 441 G St. N.W. Washington, DC 20548 B-333378 July 1, 2021 The Honorable Patty Murray Chair The Honorable Richard Burr Ranking Member Committee on Health, Education, Labor, and Pensions United States Senate The Honorable Robert C. Bobby Scott Chairman The Honorable Virginia Foxx Ranking Member Committee on Education and Labor House of Representatives Subject: Department of Education: Repeal of the William D. Ford Federal Direct Loan Program Subsidized Usage Limit Restriction Pursuant to section 801(a)(2)(A) of title 5, United States Code, this is our report on a major rule promulgated by the Department of Education (Department) entitled Repeal of the William D. Ford Federal Direct Loan Program Subsidized Usage Limit Restriction (RIN: 1840-AD60). We received the rule on June 17, 2021. It was published in the Federal Register as final regulations on June 14, 2021. 86 Fed. Reg. 31432. The effective date is August 13, 2021. According to the Department, the Secretary of Education, through this action, removed and amended regulations to conform with changes made by the Consolidated Appropriations Act, 2021. See generally Pub. L. No. 116-260, 134 Stat. 1182 (Dec. 27, 2020). The Department stated that the Secretary removed the subsidized usage loan limit restriction (SULA) for any borrower who receives a Federal Direct Stafford Subsidized Loan first disbursed on or after July 1, 2021, regardless of the award year associated with the loan. The Department also stated that all subsidy benefits will be reinstated retroactively to the date on which the loss of subsidy was applied for all Federal Direct Stafford Subsidized Loans with an outstanding balance on July 1, 2021, and for all award years since the 2013-2014 award year. Lastly, the Department stated further that the Secretary also removed regulations related to SULA and made other technical changes. The Congressional Review Act (CRA) requires a 60-day delay in the effective date of a major rule from the date of publication in the Federal Register or receipt of the rule by Congress, whichever is later. 5 U.S.C. § 801(a)(3)(A). The 60-day delay in effective date can be waived, however, if the agency finds for good cause that delay is impracticable, unnecessary, or contrary to the public interest, and the agency incorporates a statement of the findings and its reasons in the rule issued. 5 U.S.C. § 808(2). Here, although the Department did not specifically mention CRA's 60-day delay in effective date requirement, the Department stated

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