Republican Rep. Glenn Grothman, from Wisconsin's 6th District, plans to introduce a bill that would bar future presidents from cancelling student loan debt, something the Biden administration has sought to do over the past two years. Grothman's bill would affect the over 700,000 student loan borrowers who reside in his state.
The Protecting Taxpayers from Student Loan Bailouts Act would bar the secretary of education from issuing regulations that cost taxpayers more than $100 million annually, a spokeswoman for Congressman Grothman confirmed. If such a bill were passed by Congress, it would essentially prevent any mass-cancellations of loans from a president in the future.
