(NewsGlobal.com)- Republican lawmakers on Capitol Hill introduced a joint resolution on Monday to overturn President Biden’s student debt bailout after the Government Accountability Office determined that the president’s action was subject to the Congressional Review Act, the Washington Examiner reported.
Earlier last month, the Government Accountability Office determined that the president’s executive action to “forgive” student loan debt bailout is subject to the Congressional Review Act.
The Congressional Review Act allows Congress to rescind certain regulations and executive actions within a certain time frame.
After the GOA’s determination, Congressional Republicans signaled that they would introduce legislation overturning the president’s student loan bailout.
Announced by Virginia Republican Congressman Bob Good and Louisiana Republican Senator Bill Cassidy, the joint resolution will express Congress’s disapproval of Biden’s student loan “forgiveness” order and overturn the president’s unilateral executive action.
In a press release announcing the joint resolution, Good and Cassidy said the president’s student debt bailout is “the latest in a series of costly moves” that will further drive up inflation. The joint resolution will “formally revoke the authority” that the Biden administration used to justify the order, the press release said.
In a statement on Monday, Senator Cassidy said the president’s student loan “forgiveness” order shifts the burden from those who “willingly took on their debt” to those who either chose not to go to college or have already paid off their student loans.
So far, 39 Republican House members have signed on to Good’s joint resolution. Along with Cassidy, the resolution is backed in the Senate by Texas Senator John Cornyn, Iowa Senator Joni Ernst, Idaho Senators Mike Crapo and Jim Risch, and Utah Senators Mitt Romney and Mike Lee.
In a statement to Deseret News, Senator Mike Lee said the president’s student debt bailout was a “veiled attempt to buy political support” ahead of the midterm elections. Senator Lee said Biden’s order will not “cancel” student loan debt. Rather, it will send the “tuition bill to those who chose a different path.”