SRES 46
A resolution calling on the President of the United States to take executive action to broadly cancel Federal student loan debt.
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Bill overview
This resolution urges the President to use existing legal authority to broadly cancel up to $50,000 in federal student loan debt. It specifically calls for measures to ensure borrowers aren’t taxed on the debt cancellation, that the action helps close racial wealth gaps, and that student loan payments and interest remain paused during the ongoing COVID-19 pandemic. The resolution highlights the disproportionate burden of student loan debt on Black and Latino borrowers and emphasizes the potential economic benefits of widespread debt relief.
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