According to a Daily Caller exclusive report, Rep. Bob Good (R-VA) has introduced a Congressional Review Act resolution to halt and roll back President Biden’s massive billion-dollar student loan bailout.
“The Biden Administration’s student loan transfer scheme would egregiously redistribute the cost of this debt from the borrower onto the back of every American taxpayer. This illegal, unconstitutional, and unauthorized, executive action puts us further in debt as a nation and will drive already-expensive college costs even higher. My Congressional Review Act resolution seeks to undo this disastrous plan,” Good said in a statement to The Daily Caller.
From The Daily Caller:
President Joe Biden announced in August 2022 that the Department of Education would permanently forgive up to $10,000 in student loans for individuals making up to $125,000 a year, and up to $20,000 for individuals who received Pell grants. The Supreme Court is currently hearing a challenge to the scheme, although some legal experts have suggested that the plaintiffs do not have standing to challenge it.
Under the Congressional Review Act, Congress may pass resolutions of disapproval to block executive orders, although the resolutions are subject to presidential veto. Congress has already passed one resolution under the act targeting the Labor Department’s environmental, social, and governance (ESG) investing rule, although Biden vetoed it. Three Republican senators introduced a companion resolution to Good’s on March 17.
Good shared the story on Twitter, saying “I am leading a Congressional Review Act resolution to formally revoke the authority Biden claimed he had to borrow and spend nearly $1 trillion to transfer student loan debt to U.S. taxpayers.”
????BREAKING: I am leading a Congressional Review Act resolution to formally revoke the authority Biden claimed he had to borrow and spend nearly $1 trillion to transfer student loan debt to U.S. taxpayers. @DailyCaller exclusive⬇️https://t.co/SaROF3tQNP
— Congressman Bob Good (@RepBobGood) March 24, 2023
