This joint resolution uses the Congressional Review Act to reject a Department of Education regulation known as the "Reimagining and Improving Student Education-Federal Student Loan Program Final Regulations," which was published on May 1, 2026. If passed, the resolution would formally cancel this rule, meaning it would have no legal force or effect going forward. The measure primarily affects the Department of Education's authority to implement this specific set of federal student loan program regulations, as well as borrowers and institutions that would have been subject to the new rules. The resolution does not involve new spending or create programs; it simply blocks the existing regulation from taking effect. It was introduced in the Senate on June 4, 2026, and the committee was discharged from further consideration on June 10, 2026, placing the measure on the Senate calendar for a vote.