In a bold move to protect American taxpayers, three Republican Senators have taken a stand against President Joe Biden’s controversial student loan forgiveness plan.
Senators Bill Cassidy of Louisiana, John Cornyn of Texas, and Joni Ernst of Iowa have introduced a bill under the Congressional Review Act (CRA) to block the plan, which would forgive up to $20,000 in student loan debt for federal borrowers earning less than $125,000 annually.
The Senators argue that Biden’s plan is not only unfair but also shifts the financial burden onto hardworking Americans who never attended college or already paid off their loans.
They believe that the relief should extend to everyone, not just a select group chosen by the Biden administration. The CRA is a powerful tool that Congress can use to overturn final rules set by government agencies.
The Senate education committee sought guidance from the Government Accountability Office (GAO) to determine if Biden’s student debt relief plan could be subject to the CRA.
The GAO confirmed that it is indeed subject to congressional review. Despite the GAO’s decision, the Education Department maintains that the plan is not subject to the CRA.
However, it is becoming increasingly clear that the Biden administration’s student loan forgiveness scheme is facing strong opposition from Republican lawmakers who are determined to protect the interests of all Americans.