S.J.Res. 43 · 118th Congress

Overturns the Education Department's 2023 rule creating the SAVE student loan plan

Official title: A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Education relating to "Improving Income Driven Repayment for the William D. Ford Federal Direct Loan Program and the Federal Family Education Loan (FFEL) Program".1

Did not become lawStudent loan forgiveness

§1What it does

Why this matters: A plain-English description of the bill as it was voted on, written by us from the official summary and text.

Drafted by AI from the public sources cited. Each sentence links to its source.

This joint resolution would use the Congressional Review Act, which lets Congress cancel recent federal agency rules, to overturn a Department of Education rule published on July 10, 2023.2,3 The rule created a new income-driven repayment plan for federal student loans, called the Saving on a Valuable Education (SAVE) plan, which bases borrowers' monthly payments on their income.2,3

§2Status

StatusLatest action, November 15, 2023: Failed of passage in Senate by Yea-Nay Vote. 49 - 50. Record Vote Number: 310.1
IntroducedSeptember 5, 2023
SponsorSen. Cassidy, Bill [R-LA]
Cosponsors36 cosponsors (35 Republican, 1 Democratic)
Official recordS.J.Res. 43 on Congress.gov

§3How Congress voted

Why this matters: The official count.

Senate, November 15, 2023

On the Joint Resolution: Joint Resolution Defeated — 49 yes, 50 no, 1 not voting.4