Bobby Scott: “How is the bank any worse off with cram down under bankruptcy--the fact is that the security they have is the cram-down…”

The administration had been illegally creating these interagency agreements, which are extremely inefficient and wasteful, and also result in inconsistent enforcement of federal education policy.

Will actually contribute to the creation of miles of bureaucratic red tape, inconsistent education policy and enforcement across the federal government and a significant waste of the taxpayers’ money.

The repeal represents the federal government walking away from that responsibility, which jeopardizes the hard-fought progress we have made.

Codifying this new system without assessing its effectiveness just doesn’t make any sense.