The US. House of Representatives voted in favor of Virginia Congressman Bob Good’s Congressional Review Act resolution to overturn President Joe Biden’s controversial student loan transfer scheme. The resolution passed 218 to 203.
One notable dissenting vote came from Alaska Rep. Mary Peltola, who threw her support behind Biden’s student loan transfer by voting “Nay” to the Congressional Review Act resolution. Peltola’s decision aligns with the Democrats’ notion of shifting billions of dollars in loan payments onto American taxpayers who did not originally incur those debts, debts that will be paid by generations not yet born.
Congressman Good’s resolution aims to reverse Biden’s permanent forgiveness of up to $10,000 in student loans for individuals making up to $125,000 annually.
The Supreme Court is currently hearing challenges to the transfer scheme.
There are two major legal questions before the high court: The first is whether federal law allows the program. The Biden Administration has used the HEROES Act of 2003 to justify the debt relief plan. The second is whether the parties challenging the scheme have standing with the court.
A decision is expected any day from the Supreme Court.
Meanwhile, the resolution introduced by Congressman Good under the Congressional Review Act needs a similar resolution to pass the Senate. One has been introduced, but may not get heard in the Democrat-controlled body.
The Congressional Review Act has been used to back down Biden on other executive orders. For instance, Congress passed a resolution targeting the Labor Department’s environmental, social, and governance (ESG) investing rule. President Biden vetoed it.
If this CRA manages to pass both chambers of Congress, the resolution would then be subject to President Biden’s veto pen.