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US SJRes43

US SJRes43
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Education relating to "Improving Income Driven Repayment for the William D. Ford Federal Direct Loan Program and the Federal Family Education Loan (FFEL) Program".


summary

Introduced
09/05/2023
In Committee
09/05/2023
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

JOINT RESOLUTION Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Education relating to ‘‘Improving Income Driven Repayment for the William D. Ford Federal Direct Loan Program and the Federal Family Education Loan (FFEL) Program’’.

AI Summary

This Joint Resolution signifies Congress's formal disapproval of a new regulation proposed by the Department of Education aimed at enhancing "Income-Driven Repayment" (IDR) plans for federal student loans. IDR plans are designed to make student loan payments more manageable by basing them on a borrower's income and family size. The resolution specifically targets the rule concerning improvements to IDR for the William D. Ford Federal Direct Loan Program and the Federal Family Education Loan (FFEL) Program, meaning that this particular set of proposed changes to how borrowers repay their student loans based on their income will not be implemented and will have no legal effect. This action is taken under Chapter 8 of Title 5 of the United States Code, which outlines the process for Congress to overturn regulations issued by federal agencies.

Committee Categories

Health and Social Services

Sponsors (37)

Last Action

Failed of passage in Senate by Yea-Nay Vote. 49 - 50. Record Vote Number: 310. (on 11/15/2023)

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