A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Education relating to "Waivers and Modifications of Federal Student Loans".

12/15/2023, 4:05 PM
Congress
118

Number
SJRES - 22

Introduced on
2023-03-27

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

3/27/2023

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

This joint resolution nullifies the rule issued by the Department of Education on October 12, 2022, that suspends federal student loan payments and discharges debt.

Bill 118 SJRes 22 is a joint resolution in the US Congress that aims to disapprove of a rule submitted by the Department of Education regarding "Waivers and Modifications of Federal Student Loans." The resolution falls under chapter 8 of title 5, United States Code, which allows Congress to review and potentially overturn regulations put forth by federal agencies.

The rule in question likely pertains to changes in how federal student loans are managed, potentially including modifications to repayment plans, interest rates, or eligibility criteria for loan forgiveness programs. The Department of Education's submission of this rule indicates a desire to make adjustments to the current system of federal student loans.

If Bill 118 SJRes 22 is passed, it would signify Congress's disapproval of the Department of Education's proposed rule. This could lead to the rule being overturned or revised, depending on the specific language of the resolution and any subsequent actions taken by Congress. Overall, this resolution highlights the ongoing debate and scrutiny surrounding federal student loan policies and the role of government agencies in managing these important financial instruments for millions of Americans pursuing higher education.
Alternative Names
Official Title as IntroducedA joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Education relating to "Waivers and Modifications of Federal Student Loans".

Policy Areas
Education

Potential Impact
Administrative law and regulatory procedures
Government lending and loan guarantees
Higher education
Student aid and college costs

Comments

Recent Activity

Latest Summary5/19/2023

This joint resolution nullifies the rule issued by the Department of Education on October 12, 2022, that suspends federal student loan payments and discharges debt.


Latest Action3/27/2023
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.