Date: June 26, 2020
Subject: Repealing Safeguards on Taxpayer Student Loan Forgiveness Implemented by the Trump Administration
Description: This resolution, sponsored by Rep. Lee (D-CA), would invoke the Congressional Review Act (CRA) in an attempt to repeal the strong policies of the Trump administration relating to student loans. The CRA properly allows Congress to repeal rules and regulations of the executive branch. However, this resolution would improperly allow thousands of ineligible individuals to abuse a government program which socializes the cost of select individuals' student debt. The Trump administration's reform is expected to reduce abuse of the program by clarifying definitions such as "financial harm" and "misrepresentation." The Trump administration's reform is expected to save taxpayers over $11 billion over the next 10 years. ACU supports the Trump administration's effort to combat abuse of government programs and opposes the left's quest to socialize all student loan debt.
Result: Veto Sustained, 238-173
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