[Congressional Record Volume 167, Number 20 (Wednesday, February 3, 2021)]
[Senate]
[Page S397]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 481. Mr. CASSIDY submitted an amendment intended to be proposed by 
him to the concurrent resolution S. Con. Res. 5, setting forth the 
congressional budget for the United States Government for fiscal year 
2021 and setting forth the appropriate budgetary levels for fiscal 
years 2022 through 2030; which was ordered to lie on the table; as 
follows:

       At the appropriate place in title IV, add the following:

     SEC. 4___. POINT OF ORDER AGAINST LEGISLATION THAT WOULD 
                   CANCEL STUDENT DEBT FOR INDIVIDUALS WHOSE 
                   ADJUSTED GROSS INCOME FOR THE 2020 TAXABLE YEAR 
                   IS MORE THAN $150,000.

       (a) Point of Order.--It shall not be in order in the Senate 
     to consider any bill, joint resolution, motion, amendment, 
     amendment between the Houses, or conference report that would 
     cancel student debt for individuals whose adjusted gross 
     income for the 2020 taxable year is more than $150,000.
       (b) Waiver and Appeal.--Subsection (a) may be waived or 
     suspended in the Senate only by an affirmative vote of three-
     fifths of the Members, duly chosen and sworn. An affirmative 
     vote of three-fifths of the Members of the Senate, duly 
     chosen and sworn, shall be required to sustain an appeal of 
     the ruling of the Chair on a point of order raised under 
     subsection (a).
       (c) Sunset.--This section shall cease to have force or 
     effect on December 31, 2022.
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