OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Borrower Defense Rule

Floor Speech

Date: April 9, 2024
Location: Washington, DC

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Ms. FOXX. Mr. Speaker, I rise today to report to the House that Article III courts have once again protected the American people from extreme executive overreach.

I am talking, of course, about the President's so-called borrower defense rule. On Friday, the Fifth U.S. Circuit Court of Appeals stopped the regulation in its tracks for now.

This key decision gives strong reason to believe that the borrower defense scheme will be permanently scuttled.

Writing for the court, Judge Edith Jones said: `` . . . we assess a strong likelihood that the plaintiffs will succeed on the merits in demonstrating the Rule's numerous statutory and regulatory shortcomings.''

This is a grand slam for taxpayers and for every American who never stepped foot on a college campus yet have been forced to pay for others' student debt.

God bless our Republican system of checks and balances.

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