Senate GOP to target Biden student loan forgiveness

Republican senators announced on Friday they will be introducing a Congressional Review Act (CRA) resolution in another attempt to foil President Biden’s student debt relief program, which is already facing potential termination at the Supreme Court. 

The Congressional Review Act allows Congress to examine new regulations made by government agencies and overturn them with a majority vote. 

The effort to use the CRA to stop Biden’s plan is led by Republican Sen. Bill Cassidy (La.), ranking member for the Health, Education, Labor and Pensions (HELP) Committee, and Sens. John Cornyn (Texas) and Joni Ernst (Iowa.).

The senators introduced the resolution following a report from the Government Accountability Office (GAO) that declared Biden’s student loan relief and payment pause are rules subject to CRA.

If a Senate majority supported the resolution, Biden’s student loan forgiveness would be overturned and a federal agency would not be able to propose another plan similar to it unless it was put into law. 

“Where is the relief for the man who skipped college but is paying off his work truck, or the woman who paid off her loans and is now struggling to afford her mortgage? This resolution prevents these Americans, whose debts look different from the favored group the Biden administration has selected, from picking up the bill for his irresponsible and unfair policy,” Cassidy said. 

It is unlikely the resolution would get enough support in the Democratic-led Senate, although some Democrats such as Sen. Joe Manchin (W.Va.) have previously been critical of Biden’s program, which eliminates up to $20,000 in student debt per borrower and is estimated to cost $400 billion. 

The loan forgiveness is already hanging in the balance at the Supreme Court, where a majority-conservative court seemed highly skeptical of the legality of the plan during oral arguments last month.