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- S.RES.711
S.RES.711: A resolution calling on the President of the United States to take executive action to broadly cancel Federal student loan debt.
About This Bill
- Introduced Sept. 22, 2020
- Latest Major Action Sept. 22, 2020
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
13 (12 Democrats, 1 Independent Democrat)
Bill Version
- Introduced in Senate - Sept. 22, 2020
Bill Summary
This resolution calls on the President to take executive action to cancel up to $50,000 in federal student loan debt for borrowers. Further, it encourages the President to (1) ensure that borrowers have no tax liability from the debt cancellation, (2) ensure that the debt cancellation helps close racial wealth gaps, and (3) pause student loan payments and interest accumulation on federal student loans for the duration of the COVID-19 (i.e.,...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Sept. 22, 2020 |
Referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S5791-5792)
|
| Sept. 22, 2020 |
Introduced in the Senate by Charles E. Schumer (D-N.Y.) |