Virginia Foxx: “I thank my colleague from Ohio for yielding. Madam Speaker, I rise in opposition to the amendment offered by the…”

“I thank my colleague from Ohio for yielding. Madam Speaker, I rise in opposition to the amendment offered by the gentlewoman from Pennsylvania. This amendment would require private lenders automatically to discharge loans for borrowers who die or become totally and permanently disabled. As you can clearly see, this amendment, like so many others we are debating, has no relation to our Nation's defense. In addition to being irrelevant to the bill we are considering, the language is also completely unnecessary. Private lenders, as my colleague has already said, already discharge loans for borrowers and their families who find themselves in these horrible circumstances. They do this not because they are required by the government to do so, but because it is the right thing to do. All this amendment would do is waste valuable time to create a government mandate for a feature already commonplace in the industry. This amendment is yet another example of Democrats finding ways for the Federal Government to take over every aspect of our lives and destroy as much as possible of the private sector. I urge my colleagues to object to the inclusion of this unneeded policy.”