Debt Cancellation Accountability Act of 2022
Official title: To prevent class-based loan forgiveness for Federal student loans under title IV of the Higher Education Act of 1965 without the explicit appropriation of funds by Congress for such purpose.
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Referred to the House Committee on Education and Labor.
Debt Cancellation Accountability Act of 2022
This bill prohibits the Department of Education from providing class-based loan forgiveness unless funds have been specifically requested and appropriated for this purpose. Class-based loan forgiveness refers to the cancellation, waiver, assumption, discharge, reduction, or other forgiveness of any obligation due on Federal Family Education Loans, Federal Direct Loans, or Federal Perkins Loans (1) on a class-wide basis and for a class of two or more loan borrowers, and (2) that totals more than $1 million.
The prohibition does not apply to targeted loan forgiveness programs established under the Higher Education Act of 1965 and in effect before the enactment of this bill if the loan forgiveness is granted for a single borrower on a case-by-case basis.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 8729: Debt Cancellation Accountability Act of 2022. 117th Congress. Open America. https://openamerica.io/bill/117-HR-8729/
"H.R. 8729: Debt Cancellation Accountability Act of 2022." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-8729/.
H.R. 8729, 117th Cong. (2026), https://openamerica.io/bill/117-HR-8729/.
[H.R. 8729: Debt Cancellation Accountability Act of 2022](https://openamerica.io/bill/117-HR-8729/)