Political Quotes

“I thank the gentlewoman for yielding. I thank Representatives Bobby Scott and Susie Lee for their leadership on this important resolution. I rise to support H.J. Res. 76 which blocks Secretary DeVos' attempts to undermine the much-needed borrower defense rule. {time} 1015 The original rule was implemented in 2016 to cancel the debt of those students defrauded by their colleges. The Secretary's replacement rule is shameful. It would cancel only 3 percent of the student loans that result from school misconduct. While totally unacceptable, the Secretary's actions are nothing new. The for-profit college industry has been exploiting students for decades, and I have been fighting them back for just as long. As an assemblywoman in California, I authored one of the Nation's first laws regulating for-profit schools. As a Congresswoman, I passed the 85/15 rule, which limited the amount of Federal funding for-profit colleges receive from taxpayers. In 2015, when the for-profit Corinthian Colleges closed down after years of fraud and misconduct, I was one of the Members of Congress to endorse and support the Corinthian 100, a group of former students who refused to pay back loans accrued while attending Corinthian. This Congress, I continue fighting for students. Last year, the House Financial Services Committee held two hearings examining the student loan crisis.…”