118th Congress Education
H.R. 509: Debt Cancellation Accountability Act of 2023
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
Debt Cancellation Accountability Act of 2023
This bill prohibits the Department of Education from providing class-based loan forgiveness unless funds have been specifically requested and appropriated for this purpose. Class-based loan forgiveness refers to the cancellation, waiver, assumption, discharge, reduction, or other forgiveness of any obligation due on Federal Family Education Loans, Federal Direct Loans, or Federal Perkins Loans (1) on a class-wide basis and for a class of two or more loan borrowers, and (2) that totals more than $1 million.
The prohibition does not apply to targeted loan forgiveness programs explicitly established under the Higher Education Act of 1965 and in effect before January 1, 2022, if the loan forgiveness is granted for a single borrower on a case-by-case basis.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Andy Biggs R-AZOriginal
- Troy Balderson R-OHOriginal
- Dan Bishop R-NCOriginal
- Mike Carey R-OHOriginal
- Byron Donalds R-FLOriginal
- Michael Guest R-MSOriginal
- Debbie Lesko R-AZOriginal
- Ralph Norman R-SCOriginal
- Chip Roy R-TXOriginal
- Thomas Tiffany R-WIOriginal
- Randy Weber R-TXOriginal
- Michael Burgess R-TX
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Other bills by Warren Davidson
History
- Introduced in the House by Warren Davidson.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Education and the Workforce.