[Congressional Record Volume 169, Number 108 (Wednesday, June 21, 2023)]
[House]
[Page H2998]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




            PRESIDENT BIDEN'S STUDENT LOAN FORGIVENESS PLAN

  The SPEAKER pro tempore. The Chair recognizes the gentleman from 
Georgia (Mr. Collins) for 5 minutes.
  Mr. COLLINS. Mr. Speaker, I rise today to speak out against the 
administration's egregious student loan forgiveness plan.
  According to the Congressional Budget Office, this unauthorized 
handout will cost the taxpayers an estimated $400 billion over the next 
decade. That means that everyday, hardworking Americans who either 
choose not to attend college or who have paid their loans will be on 
the hook for the financial decisions of others.
  Tell me: Does that sound like a fair shake for the American taxpayer? 
Of course not.
  Additionally, it is not even clear if the President has the authority 
to do this because, you see, he hijacked a law meant to help veterans, 
veterans who had served their country following 9/11 just to justify 
this unprecedented bailout.
  But I tell you what: House Republicans are standing up to this 
administration's unreasonable and irresponsible policies. That is why a 
few weeks ago, the House passed a bipartisan resolution to block the 
administration's student loan forgiveness plan from even taking effect.
  Our colleagues in the Senate, well, they resoundingly agreed with us 
by sending this to the President's desk, where he then vetoed our 
resolution.
  Mr. Speaker, I urge my colleagues in both the House and the Senate to 
defend the American taxpayer and override this veto.

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