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Thursday, May 19th, 2022

Mitt Romney and fellow Republicans introduce bill that would stop Biden from canceling student loan debt

Author:     Erin Snodgrass
Source:     Business Insider
Publication Date:     18 May 2022
 Link: Mitt Romney and fellow Republicans introduce bill that would stop Biden from canceling student loan debt
Stephan:   Student loan debt has been a huge issue and cause of stress for millions. And yet millions voted for Republicans yesterday, and five Republicans, including Mitt Romney, supposedly one of the "good" Republicans, just blocked President Biden's bill to cancel or forgive student debt. It is amazing to me that tens of millions of Americans repeatedly vote for Republicans even when it means the very people for whom they vote will act to diminish the quality of their lives. The irrefutable truth no one will talk about is that the problems in America are due to Americans themselves.
Mitt Romney (R-UT) speaks to reporters outside of the Senate Chambers during a series of votes in the U.S. Capitol Building on May 11, 2022 in Washington, DC.  Credit: Anna Moneymaker/Getty
  • Five Republican senators on Wednesday introduced a bill that would prohibit student loan forgiveness.
  • The legislation bars Biden from taking any action to cancel or forgive borrowers’ balances.
  • The bill is unlikely to become law anytime soon with a 50-50 Senate and Democratic-controlled House.

Student loan borrowers eager for broad debt forgiveness will be out of luck if Sen. Mitt Romney has anything to say about it. 

The lawmaker from Utah along with several of his Republican colleagues on Wednesday introduced a new bill that would bar the Biden administration from broadly canceling student loan debt — a political move the president has been considering since he took office last year.

The Student Loan Accountability Act would prohibit Biden’s Education, Justice, and Treasury Departments from taking any action that would cancel or forgive student loan borrowers’ outstanding balances or even portions of those balances, according to a Wednesday press release.

The bill […]

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