A resolution calling on the President of the United States to take executive action to broadly cancel Federal student loan debt.
Referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S582-583)
Congressional Research Service
Official summary
Version 00 · Introduced in Senate · Feb 8, 2021
This resolution calls on the President to take executive action to cancel up to $50,000 in federal student loan debt for borrowers. Further, it encourages the President to (1) ensure that borrowers have no tax liability from the debt cancellation, (2) ensure that the debt cancellation helps close racial wealth gaps, and (3) pause student loan payments and interest accumulation on federal student loans for the duration of the COVID-19 (i.e., coronavirus disease 2019) pandemic.
Source last updated: Dec 5, 2025. Consult Congress.gov for the current record.
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