Calling on the President of the United States to take Executive action to broadly cancel Federal student loan debt.
USA116th CongressHRES-1269| House
| Updated: 12/17/2020
Ayanna Pressley
Democratic Representative
Massachusetts
Cosponsors (7)
Ways and Means Committee, Education and Workforce Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in House
Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Education
Cardiovascular and respiratory healthDebt collectionEducation programs fundingEmergency medical services and trauma careGovernment lending and loan guaranteesHigher educationIncome tax exclusionInfectious and parasitic diseasesInterest, dividends, interest ratesPresidents and presidential powers, Vice PresidentsRacial and ethnic relationsStudent aid and college costs
Calling on the President of the United States to take Executive action to broadly cancel Federal student loan debt.
USA116th CongressHRES-1269| House
| Updated: 12/17/2020
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.
View Full TextSuggested Questions
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Timeline
Introduced in House
Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Ayanna Pressley
Democratic Representative
Massachusetts
Cosponsors (7)
Ways and Means Committee, Education and Workforce Committee
Education
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Cardiovascular and respiratory healthDebt collectionEducation programs fundingEmergency medical services and trauma careGovernment lending and loan guaranteesHigher educationIncome tax exclusionInfectious and parasitic diseasesInterest, dividends, interest ratesPresidents and presidential powers, Vice PresidentsRacial and ethnic relationsStudent aid and college costs