A resolution calling on the President of the United States to take executive action to broadly cancel Federal student loan debt.

Fact Sheet API

Bill Number

SRES 711

Introduced

Sep 22, 2020

Latest Action

Referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S5791-5792)

Sponsor

Cosponsors

Topics

Cardiovascular and respiratory health Debt collection Education Education programs funding Emergency medical services and trauma care Government lending and loan guarantees Higher education Income tax exclusion Infectious and parasitic diseases Interest, dividends, interest rates Presidents and presidential powers, Vice Presidents Racial and ethnic relations Student aid and college costs

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Votes

Summary

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.

Actions

Sep 22, 2020

Referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S5791-5792)
Sep 22, 2020

Introduced in Senate

Amendments

Related Bills