Providing for Congressional Disapproval of the Rule Submitted By the Department of Education Relating to ``Waivers and Modifications of Federal Student Loans''

Floor Speech

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Mr. DAVIS of Illinois. Mr. Speaker, I oppose this legislation that will harm 43 million student loan borrowers who need debt relief so that the Republicans can spend trillions of dollars in just a few weeks on tax cuts for the wealthiest 1 percent.

Over 100,000 borrowers in my congressional district alone and over 1.5 million Illinoisans will lose and be affected if the relief is denied. The maliciousness of this legislation is appalling. The bill would ban relief for 43 million borrowers and also drawback relief that millions of borrowers already receive.

This heartless bill would force public servants like firefighters, teachers, social service providers, legal aid attorneys, and nonprofit workers to make additional payments. The callousness of this bill is heightened because the Republicans are bragging that they will spend trillions of dollars in just a few weeks to give trillions in tax breaks to the wealthy 1 percent while inflicting economic harm on Americans struggling with student loan debt. I reject this bill.

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