OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

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

Floor Speech

Date: May 24, 2023
Location: Washington, DC

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Mr. WALBERG. Mr. Speaker, I rise today in support of H.J. Res. 45, introduced by my colleague, Mr. Good.

This resolution will block President Biden's illegal debt transfer scheme.

Forcing those who either did not attend college, saved and sacrificed to pay their way through school, or those who paid off their loans to pay for someone else's debt is simply unfair.

Estimates show 570,000 of my constituents, nearly three-quarters of my district, will not benefit from this giveaway. Yet, as taxpayers, they will still be on the hook for over $3,500.

It will further fuel inflation but does nothing to address the rising cost of college. Simply put, the President's illegal debt transfer is a slap in the face to those who paid their bills or did not go to college.

Mr. Speaker, I urge my colleagues to join me in support of this resolution.

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