Political Quotes

“Mr. President, I rise today to formally enter a legal opinion from the Government Accountability Office into the Record. The contents of this legal opinion confirms that the Biden administration's reckless student loan scheme has gone too far, violated process, and must be submitted to Congress as a rule, subject to the Congressional Review Act. The Biden administration proposes to transfer the burden of $400 billion in Federal student loans onto taxpayers, citing COVID-19. The administration continues to charge the U.S. Treasury $5 billion per month to extend the loan pause, preventing any return to repayment on student loans while it works to cancel them. Meanwhile, Americans who chose not to attend college or already sacrificed to pay off their loans will be forced to carry the burden of the student debt from those who willingly took on these loans. GAO's determination means that the Biden administration is not playing by the laws of this land in attempting to implement their mass student loan scheme and extend the payment pause via executive fiat. This GAO legal opinion will allow Congress to exercise its oversight prerogative and move forward with a Congressional Review Act resolution of disapproval, while we await a Supreme Court decision on the constitutionality of the policy.…”