NAICU Washington Update

Republicans Seek to Overturn Student Loan Debt Forgiveness

March 31, 2023

This week, U.S. Senators Bill Cassidy, M.D. (R-LA), ranking member of the Senate Health, Education, Labor and Pensions (HELP) Committee, John Cornyn (R-TX), Joni Ernst (R-IA), and 35 of their Republican colleagues introduced a Congressional Review Act (CRA) resolution to overturn President Biden’s student loan cancelation proposal

This effort comes after the Government Accountability Office determined that the forgiveness proposal meets the definition of a rule under the CRA and therefore should have been sent to Congress. 

The attack on the student loan debt forgiveness proposal has been ongoing since it was announced by the president. Republican lawmakers have expressed their concerns about the proposal, and it has been halted until the Supreme Court decides on two pending cases, Biden v. Nebraska and Department of Education v. Brown

The CRA would allow Congress to overturn the Biden Administration’s student loan debt forgiveness proposal as long as both chambers agreed to the joint resolution, and it was signed by the President. If the President were to veto the joint resolution, then Congress would have the ability to override the veto. 

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