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GOP Unveils New Plan To Block Biden’s Student Loan Bailout

  • 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.
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