H.J. Res. 45, a joint resolution providing for Congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Education relating to ‘‘Waivers and Modifications of Federal Student Loans’’
As ordered reported by the House Committee on Education and the Workforce on May 10, 2023
H.J. Res. 45 would disapprove the rule relating to “Waivers and Modifications of Federal Student Loans,” issued by the Department of Education and published in the Federal Register on October 12, 2022. The resolution would invoke a legislative process established by the Congressional Review Act, which would repeal the rule and prohibit the department from issuing the same or similar rules in the future.
The October rule made final an announcement made on August 24, 2022, which extended the pause for payments, interest accrual, and collections of student loans from September 1, 2022, to December 31, 2022, and created a onetime loan cancellation program. Under that program, borrowers whose income fell below specified limits would be eligible for cancellation of up to $10,000 of student loan debt issued on or before June 30, 2022. Borrowers who also had received at least one Pell grant would be eligible for cancellation of an additional $10,000 in such debt.