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Ban on student loan forgiveness for US Congress members

This bill aims to prohibit current and former members of the US Congress from receiving financial benefits from federal student loan cancellation programs. This means that lawmakers would be ineligible for any loan forgiveness established during their term, whether through legislation or executive action. The goal is to prevent legislators from personally benefiting from programs they establish or influence.
Key points
Members of Congress are prohibited from receiving any student loan cancellation, forgiveness, or debt assumption by the Federal Government.
The ban applies to both service-based cancellation programs and any new federal programs established or amended during their time in office.
The Act applies to any individual serving as a Member of Congress on or after the date the law is enacted.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_1234
Sponsor: Rep. Cole, Tom [R-OK-4]
Process start date: 2023-02-28
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Can’t Cancel Your Own Debt Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_1234.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-02-28.

What are the main provisions?

Key points include:

  • Members of Congress are prohibited from receiving any student loan cancellation, forgiveness, or debt assumption by the Federal Government.
  • The ban applies to both service-based cancellation programs and any new federal programs established or amended during their time in office.
  • The Act applies to any individual serving as a Member of Congress on or after the date the law is enacted.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Cole, Tom [R-OK-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Education and the Workforce.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

CATEGORIES

Courts and Law Education Economy