A resolution calling on the President of the United States to take executive action to broadly cancel Federal student loan debt.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Sep 22, 2020)
This resolution calls on the President to take executive action to cancel up to $50,000 in federal student loan debt for borrowers. Further, it encourages the President to (1) ensure that borrowers have no tax liability from the debt cancellation, (2) ensure that the debt cancellation helps close racial wealth gaps, and (3) pause student loan payments and interest accumulation on federal student loans for the duration of the COVID-19 (i.e., coronavirus disease 2019) pandemic.
What just happenedSep 22, 2020
Referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S5791-5792)
Who’s behind it
- Introduced in SenateSep 22, 2020
- Sep 22, 2020IntroReferral
Referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S5791-5792)
Health, Education, Labor, and Pensions Committee - Sep 22, 2020IntroReferral10000
Introduced in Senate