Less Bureaucracy, Better Student Aid Act

This bill moves certain responsibilities related to federal student aid from the Department of Education to the Department of the Treasury. This includes handling student loan debt collection, managing non-defaulted student loans, and running programs like Pell Grants and Federal Direct Loans, along with the workers and funding tied to those tasks. The bill requires the Office of Management and Budget to make sure the change doesn't increase the total number of employees at either department and to report to Congress that the rules are being followed. Any ongoing legal cases or pending applications for benefits at the time the bill is passed would not be affected by the transfer.

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