Mgmt 520

Powerful Essays
Week 2 Homework

Pick an administrative agency of either the federal or a state government. Find where the current and proposed regulation changes for that agency are located on the Internet. (i.e., the Federal Register or the State Administrative Agency website.) Regulations.gov is a good place to begin your research. Pick one proposed regulation change currently under consideration (if you find one that has already closed out but interests you, you can use that instead) and write the following regarding it: 1. State the administrative agency which controls the regulation. Explain why this agency and your proposed regulation interest you (briefly). Will this proposed regulation affect you or the business in which you are working? If so, how? Submit a copy of the proposed regulation along with your responses to these five questions. The proposed regulation can be submitted as either a separate Word document (.doc) or Adobe file (.pdf). This means you will submit two attachments to the Week 2 Dropbox: (a) a Word document with the questions and your answers and (b) a copy of the proposed regulation you used for this assignment. (10 points)
Office of Postsecondary Education, Department of Education. This agency and the proposed regulation interest me because as a postsecondary education student with title 5 debt, any regulations passed would affect me and my ability to repay my student debt. The proposed regulation would add a new income contingent repayment plan in the Direct Student loan program based the President’s “pay as you earn” repayment initiative and incorporate recent changes to the income based repayment plan in addition to adding a permanent disability discharge process for borrowers in the title IV, HEA loan programs. I’m currently signed up for the income based repayment plan, so this regulation could essentially increase or decrease my potential repayment as well as giving me the ability to discharge my title 5 debt if I ever come disable.



References: Jennings, M. M. (2012). Administrative Law. In Business: It 's Legal, Ethical, and Global Environment. (9th ed.). (pp. 54-58). Mason, OH, USA: South-Western Cengage Learning.

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