{"database": "press", "table": "releases", "rows": [["https://mcclain.house.gov/2023/9/mcclain-foxx-introduce-cra-resolution-to-stop-biden-s-latest-free-college-scheme", "McClain, Foxx Introduce CRA Resolution to Stop Biden\u2019s Latest Free College Scheme", "2023-09-05", "2023", "2023-09", "Republican", "House", "MI", "Lisa C. McClain", "M001136", "mcclain.house.gov", "mcclain", "https://mcclain.house.gov/press-releases", "scraper", "WASHINGTON, D.C. - Today, Rep. Lisa McClain (R-MI) and House Education and the Workforce Committee Chairwoman Virginia Foxx (R-NC) introduced a Congressional Review Act (CRA) resolution to overturn President Biden\u2019s reckless income-driven repayment (IDR) rule\u2014known as \u201cSavings on a Valuable Education (SAVE)\u201d plan. Experts estimate that the SAVE scheme could leave taxpayers on the hook for as much as $559 billion, making it the costliest regulation in U.S. history.\n\nOn the introduction of the CRA resolution, Foxx and McClain made the following statement:\n\n\u201cThe only difference between President Biden and a snake oil salesman is a title. Biden\u2019s administration knows what it\u2019s doing is illegal but it\u2019s pushing forward anyway, promoting its SAVE scheme as a solution to America\u2019s broken student loan system. In reality, the SAVE scheme is a desperate effort to curry favor and buy votes ahead of the next election.\n\n\u201cThis scheme will leave mountains of debt at the feet of taxpayers while absolving millions of borrowers of their loans. What\u2019s worse is that future borrowers will take on loans expecting forgiveness, which in turn encourages schools to raise tuition rates.\n\n\u201cWe need to tackle the challenges of the federal student loan system head on, not with gimmicks and false promises. Republicans have real solutions, such as the Federal Assistance to Initiate Repayment (FAIR) Act. This bill ends the Biden administration\u2019s student loan scam, simplifies the repayment process, and ensures a smooth transition back to repayment.\u201d\n\nBiden\u2019s SAVE Scheme:\n\nIs estimated to cost as much as $559 billion \u2013making it the most expensive regulation in history and more than doubling the cost of the current IDR program.\n\nExacerbates the problems of rising college costs and excessive borrowing.\n\nSubsidizes some graduate students\u2019 loans more than what low-income households receive in federal housing assistance or Medicare benefits.\n\nGuarantees that up to 80 percent of undergraduate student loan borrowers will never repay their loans fully.\n\nU.S. Senators Bill Cassidy, M.D. (R-LA), ranking member of the Senate Health, Education, Labor and Pensions (HELP) Committee, John Thune (R-SD), and John Cornyn (R-TX), introduced the companion CRA resolution in the U.S. Senate.\n\nFor bill text, click here.\n\nBackground:", 1, "2026-03-30T01:40:41Z", "2026-04-08T00:37:48Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://mcclain.house.gov/2023/9/mcclain-foxx-introduce-cra-resolution-to-stop-biden-s-latest-free-college-scheme"], "units": {}, "query_ms": 2.253966871649027, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}