• A Republican bill to overturn student loan cancellation passed the senate today (Thursday)

  • It is expected to be vetoed

    • It is unlikely that GOP would have the 2/3s required to override the veto

• Vote was 52 - 46

  • Voted for

    • Joe Machin (D-WV)

    • Jon Tester (D-MT)

    • Kyrsten Sinema (I-AZ)

  • Did not vote - have been vocally opposed

    • Michael Bennet (D-CO)

    • Mark Warner (D-VA)

• Measure was approved by the house in a 218-203 vote

• The legislation would:

  • Revoke the cancellation plan

  • Reduce the Education Department's ability to cancel student loans in the future

  • Rescind Biden's latest extension of payment pauses

  • Retroactively add several months of interest that was originally waived by Biden's extension

• SCOTUS is currently considering the legality of the relief plan

  • They are set to issue a ruling by the end of June or early July

• What about the filibuster?

  • Republicans used the congressional review act

    • This allows lawmakers to overturn recent regulatory actions for federal agencies by a simple majority in both chambers

    • Even though it was created by executive order the Government accountability office said that it is subject to the CRA in march

• This is separate from the debt ceiling ending of the pause on the student loan payments and interest

PC: AP