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S.Res. 46 · 117th Congress

A resolution calling on the President of the United States to take executive action to broadly cancel Federal…

Full title

A resolution calling on the President of the United States to take executive action to broadly cancel Federal student loan debt.

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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

This resolution calls on the President to take executive action to cancel up to $50,000 in federal student loan debt for borrowers.

What it does: CRS summary · Introduced in Senate · Feb 8, 2021

This resolution calls on the President to take executive action to cancel up to $50,000 in federal student loan debt for borrowers. Further, it encourages the President to (1) ensure that borrowers have no tax liability from the debt cancellation, (2) ensure that the debt cancellation helps close racial wealth gaps, and (3) pause student loan payments and interest accumulation on federal student loans for the duration of the COVID-19 (i.e., coronavirus disease 2019) pandemic.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: A resolution calling on the President of the United States to take executive action to broadly cancel Federal student loan debt.

Latest action (Feb 8, 2021): Referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S582-583)

Policy area: Education · Origin: Senate · Introduced: Feb 8, 2021

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.