On the recordMay 24, 2023
I thank Chair Foxx for yielding. Mr. Speaker, I am proud to be the sponsor of this resolution of disapproval under the Congressional Review Act to hold President Biden accountable for his reckless, unfair, unlawful, unconstitutional student loan transfer scheme. President Biden simply does not have the authority to ``forgive'' loans and thereby spend, unilaterally, more than $300 billion. In fact, he even admitted that to CNN host Anderson Cooper in February 2021, saying: ``I don't think I have the authority to do it by signing with a pen.'' Democrats, in fact, knew he didn't have the power to do it and advised him not to. Former Speaker Nancy Pelosi, on July 28, 2021, said: ``People think that the President of the United States has the power for debt forgiveness. He does not. He can postpone. He can delay. But he does not have that power. That has to be an act of Congress.'' My friends and colleagues on the other side of the aisle piled on. Representative Jared Golden of Maine said: ``This decision by the President is out of touch with what the majority of the American people want from the White House, which is leadership to address the most immediate challenges the country is facing.'' Representative Chris Pappas of New Hampshire said: ``This announcement by President Biden is no way to make policy and sidesteps Congress and our oversight and fiscal responsibilities.…





