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Limiting Executive Power on Student Loan Pauses and Debt Cancellation

This Act aims to terminate the current COVID-19 related pause on federal student loan payments and prohibits future suspensions for this emergency. It significantly restricts the President's and Education Secretary's authority to unilaterally suspend payments or cancel student debt, introducing income limits and requiring Congressional review. For citizens, this means the payment pause will end soon, and future emergency relief will be limited and subject to faster Congressional oversight.
Key points
End of Payment Pause: Any ongoing suspension of federal student loan payments due to the COVID-19 national emergency will terminate 30 days after the Act's enactment.
Limited Emergency Authority: The Secretary of Education can only suspend or defer loan payments for a maximum of 90 days during a national emergency, and not in consecutive periods.
Income Cap for Relief: Suspension or deferral of payments will not apply to borrowers with annual household incomes over 400% of the poverty line.
Ban on Debt Cancellation: The Act prohibits the President or Secretary of Education from canceling outstanding student loan balances due to the COVID-19 or any other national emergency.
Congressional Review: Any executive action to suspend payments or cancel debt will be subject to Congressional disapproval under the Congressional Review Act.
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Additional Information
Print number: 118_S_506
Sponsor: Sen. Thune, John [R-SD]
Process start date: 2023-02-16
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Stop Reckless Student Loan Actions Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_506.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-02-16.

What are the main provisions?

Key points include:

  • End of Payment Pause: Any ongoing suspension of federal student loan payments due to the COVID-19 national emergency will terminate 30 days after the Act's enactment.
  • Limited Emergency Authority: The Secretary of Education can only suspend or defer loan payments for a maximum of 90 days during a national emergency, and not in consecutive periods.
  • Income Cap for Relief: Suspension or deferral of payments will not apply to borrowers with annual household incomes over 400% of the poverty line.
  • Ban on Debt Cancellation: The Act prohibits the President or Secretary of Education from canceling outstanding student loan balances due to the COVID-19 or any other national emergency.
  • Congressional Review: Any executive action to suspend payments or cancel debt will be subject to Congressional disapproval under the Congressional Review Act.
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 Sen. Thune, John [R-SD].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Education Economy