Sen. Bill Cassidy (R-LA) accused the Biden administration of stubbornly pushing through a new costly student loan forgiveness regulation despite being struck down at the Supreme Court this summer.
Friday, Cassidy, who is the ranking member on the Senate's Health, Education, Labor, and Pensions committee, argued that the Biden administration's income-driven repayment regulations are a"bigger" effort than the failed attempt to cancel up to $20,000 in loans for borrowers who make less than $125,000. The regulations allow borrowers to make payments commensurate with their discretionary income, which is defined as income above the poverty line.
Earlier this month, Cassidy introduced a Congressional Review Act resolution that would repeal the regulation. The resolution requires a simple majority vote of both chambers of Congress, and Republicans have had success passing such resolutions, although they have typically been vetoed by President Joe Biden.
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