118 HR 1234 IH: Can’t Cancel Your Own Debt Act of 2023 U.S. House of Representatives 2023-02-28 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I118th CONGRESS1st SessionH. R. 1234IN THE HOUSE OF REPRESENTATIVESFebruary 28, 2023Mr. Cole (for himself, Mr. Babin, Mrs. Bice, Mr. Bost, Mr. Burgess, Mr. Calvert, Mr. Guthrie, Mrs. Hinson, Mr. Johnson of South Dakota, Ms. Letlow, Mr. Norman, Mr. Reschenthaler, Ms. Van Duyne, Mr. Womack, Mr. Carey, and Mr. Cloud) introduced the following bill; which was referred to the Committee on Education and the WorkforceA BILLTo prohibit Members of Congress from receiving a financial benefit from certain student loan cancellation programs.

1.

Short title

This Act may be cited as the Can’t Cancel Your Own Debt Act of 2023.

2.

No student loan cancellation for Members of Congress

(a)

In general

Notwithstanding any other provision of law, an individual who serves as a Member of Congress shall not be eligible, during or after such service— (1)for any service- or employment-based student loan cancellation for any time served as a Member of Congress; or (2)for student loan cancellation from any Federal program that is established or amended by an Act of Congress, or established or set forth by an Executive order or agency action, during the period in which the individual is serving as a Member. (b)

Definitions

For the purposes of this Act— (1)

Agency action

The term agency action has the meaning given such term in section 551 of title 5, United States Code. (2)

Cancellation

The term cancellation means cancellation, forgiveness, or assumption of the obligation to repay the student loan debt of an individual by the Federal Government. (3)

Student loan

The term student loan means any loan made to an individual (including a loan made to a parent on behalf of a dependent student) for expenses related to attendance or enrollment at an institution of higher education. (c)

Application

This Act shall apply to any individual who serves as a Member of Congress on or after the date of enactment of this Act.