Stefanik Slams Biden’s Illegal Student Loan Bailout

Points Out Pelosi Called Biden’s Action Unconstitutional Overreach

August 30, 2022

Washington, D.C. – Congresswoman Elise Stefanik joined her colleagues in sending a letter calling on Speaker Pelosi to hold President Joe Biden accountable for his illegal $500 billion student loan bailout.

In the letter, the lawmakers pointed out that Speaker Pelosi has already called presidential student loan cancellation unconstitutional overreach in July 2021.

The lawmakers wrote, in part, “Noticeably absent from the President’s plan is any plausible legal authority to implement such a policy. The legislative and executive branches each possess defined powers under the Constitution. No provision of the Constitution nor any act of Congress, including the Higher Education Act, grants President Biden or the Secretary of Education the authority that they falsely claim to wield through this unilateral action. Thankfully, you have previously expressed your agreement with us on this point. In July 2021, you made the following statement: ‘People think that the President of the United States has the power of debt forgiveness. He does not. He can postpone, he can delay, but he does not have that power. That has to be an act of Congress.”

Read the full letter, led by Congressman Jody Hice (R-GA), here.