- Several Republican lawmakers announced on Friday that they will introduce a Congressional Review Act (CRA) to reverse President Joe Biden’s attempt to cancel student loan debt.
- The Government Accountability Office ruled that the CRA, a congressional oversight tool to reverse rules by federal agencies, can be used to counter the Biden administration’s student loan cancelation proposal.
- “President Biden’s student loan scheme does not ‘forgive’ debt, it just transfers the burden from those who willingly took out loans to those who never went to college, or sacrificed to pay their loans off,” said Republican Sen. Bill Cassidy of Louisiana.
GOP Unveils New Plan To Block Biden’s Student Loan Bailout
Activists gather to rally in support of cancelling student debt, in front of the White House in Washington, DC, on August 25, 2022. - Biden announced on August 24, 2022, that most US university graduates still trying to pay off student loans will get $10,000 of relief to address a decades-old headache of massive educational debt across the country. (Photo by Stefani Reynolds / AFP) (Photo by STEFANI REYNOLDS/AFP via Getty Images)
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