Calling on the President of the United States to take executive action to broadly cancel Federal student loan debt.
Summary
House Resolution 100 is a non-binding proposal that calls on the President to use executive authority to cancel up to $50,000 in federal student loan debt for each borrower. The resolution also urges the administration to ensure that any forgiven debt is not treated as taxable income and to continue the pause on federal student loan payments and interest for the duration of the COVID-19 pandemic. If acted upon, this measure would provide immediate debt relief to millions of Americans, with the stated goal of reducing the national racial wealth gap and providing economic stimulus to households burdened by education costs.
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