ED’s plan would cost each taxpayer $20,000, with an estimated $400 billion total cost.
WASHINGTON, D.C. — Today, U.S. Senator Tuberville joined U.S. Senator Bill Cassidy (R-LA) in introducing a joint resolution of disapproval under the Congressional Review Act (CRA) to stop the U.S. Department of Education’s rule to cancel student loan debt for millions of Americans. The resolution follows a bicameral letter sent in February to U.S. Department of Education Secretary Miguel Cardona outlining how the rule would increase inflation and undermine financial accountability.
“Joe Biden’s student loan giveaway is illegal,” Coach Tuberville said. “It’s bad economics. It’s bad education policy, and it’s just plain wrong. It encourages our students to take out more debt and it encourages colleges and universities to raise prices. Joe Biden’s student debt handout costs taxpayers hundreds of billions of dollars and drives up inflation. This is an absolutely reckless policy, and I’m going to do everything I can to stop it.”
The full text of the CRA resolution can be viewed here.
Joining Senators Tuberville and Cassidy in introducing the resolution are U.S. Senators John Barrasso (R-WY), Marsha Blackburn (R-TN), John Boozman (R-AR), Mike Braun (R-IN), Ted Budd (R-NC), Shelley Moore Capito (R-WV), Tom Cotton (R-AR), Kevin Cramer (R-ND), Mike Crapo (R-ID), Steve Daines (R-MT), Deb Fischer (R-NE), Lindsey Graham (R-SC), Chuck Grassley (R-IA), Bill Hagerty (R-TN), Josh Hawley (R-MO), John Hoeven (R-ND), Cindy Hyde-Smith (R-MS), Ron Johnson (R-WI), James Lankford (R-OK), Cynthia Lummis (R-WY), Roger Marshall (R-KS), Mitch McConnell (R-KY), Markwayne Mullin (R-OK), James Risch (R-ID), Mitt Romney (R-UT), Marco Rubio (R-FL), Eric Schmitt (R-MO), Rick Scott (R-FL), Tim Scott (R-SC), John Thune (R-SD), Thom Tillis (R-NC), Roger Wicker (R-MS) and Todd Young (R-IN).
Rep. Bob Good (R-VA-05) introduced a companion CRA resolution in the U.S. House of Representatives.
Senator Tommy Tuberville represents Alabama in the United States Senate and is a member of the Senate Armed Services, Agriculture, Veterans’ Affairs, and HELP Committees.