[Congressional Record Volume 168, Number 58 (Friday, April 1, 2022)]
[House]
[Page H4119]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       TRANSFORMING STUDENT DEBT

  (Ms. KAPTUR asked and was given permission to address the House for 1 
minute and to revise and extend her remarks.)
  Ms. KAPTUR. Madam Speaker, I rise today to reintroduce our 
Transforming Student Debt to Home Equity Act.
  Home ownership is a key that opens the door to the middle class for 
tens of millions of Americans. But today, too many young workers and 
their families are weighed down by student loan debt that keeps this 
dream out of their reach.
  The Transforming Student Debt to Home Equity Act would create a pilot 
program to test various approaches that combine student loan payments 
and mortgage payments into one monthly bill. It would empower 
hardworking Americans that are current on student loan repayments to 
actually combine their loan costs, allowing them to build home equity.
  The purpose of this act is to move forward with those pilot projects, 
and with millions of vacant homes around our country, this legislation 
would spur neighborhood revitalization and improve our quality of life.
  The promises of the American Dream should be available to all, so let 
us lift up and invest in new means to help the next generation and 
invest in middle-class workers and families that build up our Nation by 
investing in it.

                          ____________________