SRES 711
116th Congress
Senate
Education
Cardiovascular and respiratory health
Debt collection
Education programs funding
Emergency medical services and trauma care
Government lending and loan guarantees
Higher education
Income tax exclusion
Infectious and parasitic diseases
Interest, dividends, interest rates
Presidents and presidential powers, Vice Presidents
Racial and ethnic relations
Student aid and college costs
A resolution calling on the President of the United States to take executive action to broadly cancel Federal student loan debt.
Introduced: September 22, 2020
Introduced by:
Schumer, Charles E.
Democratic
· New York
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 22, 2020
Referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S5791-5792)
Sep 22, 2020
Introduced in Senate
Plain-English summary
This resolution calls on the President to take executive action to cancel up to $50,000 in federal student loan debt for borrowers. Further, it encourages the President to (1) ensure that borrowers have no tax liability from the debt cancellation, (2) ensure that the debt cancellation helps close racial wealth gaps, and (3) pause student loan payments and interest accumulation on federal student loans for the duration of the COVID-19 (i.e., coronavirus disease 2019) pandemic.
What's happening now
Referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S5791-5792)
Committees of jurisdiction
1