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.