A resolution calling on the President of the United States to take executive action to broadly cancel Federal student loan debt.
USA116th CongressSRES-711| Senate
| Updated: 9/22/2020
Charles E. Schumer
Democratic Senator
New York
Cosponsors (13)
Tammy Duckworth (Democratic)Richard J. Durbin (Democratic)Edward J. Markey (Democratic)Elizabeth Warren (Democratic)Chris Van Hollen (Democratic)Sherrod Brown (Democratic)Bernard Sanders (Independent)Brian Schatz (Democratic)Cory A. Booker (Democratic)Robert Menendez (Democratic)Jeff Merkley (Democratic)Ron Wyden (Democratic)Richard Blumenthal (Democratic)
Health, Education, Labor, and Pensions 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 Senate
Referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S5791-5792)
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
A resolution calling on the President of the United States to take executive action to broadly cancel Federal student loan debt.
USA116th CongressSRES-711| Senate
| Updated: 9/22/2020
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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S5791-5792)
Charles E. Schumer
Democratic Senator
New York
Cosponsors (13)
Tammy Duckworth (Democratic)Richard J. Durbin (Democratic)Edward J. Markey (Democratic)Elizabeth Warren (Democratic)Chris Van Hollen (Democratic)Sherrod Brown (Democratic)Bernard Sanders (Independent)Brian Schatz (Democratic)Cory A. Booker (Democratic)Robert Menendez (Democratic)Jeff Merkley (Democratic)Ron Wyden (Democratic)Richard Blumenthal (Democratic)
Health, Education, Labor, and Pensions 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