US SR711 | 2019-2020 | 116th Congress
Status
Spectrum: Strong Partisan Bill (Democrat 13-1)
Status: Introduced on September 22 2020 - 25% progression, died in committee
Action: 2020-09-22 - Referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S5791-5792)
Pending: Senate Health, Education, Labor, And Pensions Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on September 22 2020 - 25% progression, died in committee
Action: 2020-09-22 - Referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S5791-5792)
Pending: Senate Health, Education, Labor, And Pensions Committee
Text: Latest bill text (Introduced) [PDF]
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., coronavirus disease 2019) pandemic.
Title
A resolution calling on the President of the United States to take executive action to broadly cancel Federal student loan debt.
Sponsors
Sen. Charles Schumer [D-NY] | Sen. Elizabeth Warren [D-MA] | Sen. Sherrod Brown [D-OH] | Sen. Richard Durbin [D-IL] |
Sen. Bernard Sanders [I-VT] | Sen. Tammy Duckworth [D-IL] | Sen. Richard Blumenthal [D-CT] | Sen. Chris Van Hollen [D-MD] |
Sen. Jeff Merkley [D-OR] | Sen. Edward Markey [D-MA] | Sen. Cory Booker [D-NJ] | Sen. Robert Menendez [D-NJ] |
Sen. Ron Wyden [D-OR] | Sen. Brian Schatz [D-HI] |
History
Date | Chamber | Action |
---|---|---|
2020-09-22 | Senate | Referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S5791-5792) |
Same As/Similar To
HR1269 (Same As) 2020-12-17 - Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Subjects
Cardiovascular and respiratory health
Debt collection
Education
Education programs funding
Emergency medical services and trauma care
Government lending and loan guarantees
Higher education
Income tax exclusion
Infectious and parasitic diseases
Interest, dividends, interest rates
Presidents and presidential powers, Vice Presidents
Racial and ethnic relations
Student aid and college costs
Debt collection
Education
Education programs funding
Emergency medical services and trauma care
Government lending and loan guarantees
Higher education
Income tax exclusion
Infectious and parasitic diseases
Interest, dividends, interest rates
Presidents and presidential powers, Vice Presidents
Racial and ethnic relations
Student aid and college costs
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-resolution/711/all-info |
Text | https://www.congress.gov/116/bills/sres711/BILLS-116sres711is.pdf |