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Sunday, December 22, 2024

“Student Loans (Executive Session)” published by the Congressional Record in the Senate section on July 27

Politics 13 edited

Volume 167, No. 131, covering the 1st Session of the 117th Congress (2021 - 2022), was published by the Congressional Record.

The Congressional Record is a unique source of public documentation. It started in 1873, documenting nearly all the major and minor policies being discussed and debated.

“Student Loans (Executive Session)” mentioning Mitch McConnell was published in the Senate section on pages S5076-S5077 on July 27.

Of the 100 senators in 117th Congress, 24 percent were women, and 76 percent were men, according to the Biographical Directory of the United States Congress.

Senators' salaries are historically higher than the median US income.

The publication is reproduced in full below:

Student Loans

Mr. President, now, on student loans, final matter: Right now, across the country, there are 45 million student loan borrowers who owe $1.7 trillion in student loan debt. In good times, paying off tens of thousands, sometimes hundreds of thousands in debt can be a crushing endeavor, particularly to younger people ready to go out in the prime of life. But during this pandemic, as Americans lost jobs and incomes, it has become even harder to pay back those loans.

Fortunately, the Federal Government provided a lifeline for tens of millions of borrowers when they ordered a pause on most Federal student loan repayments last spring. Of the many steps the government has taken to respond to the COVID crisis, this has been one of the most effective.

Unfortunately, this pause will expire in a little over 2 months, even while many student borrowers are still piecing their lives back together after the pandemic. So later today, I will join Senator Warren and my House colleagues to call on President Biden to extend the pause on student loan payments until next spring to give Americans more time to get back on their feet.

Along with Senator Warren, I believe that the Biden administration should go even further and cancel up to

$50,000 in student loan debt per borrower. With the flick of a pen, President Biden could give a fresh start to tens of millions of borrowers drowning in debt--a fresh start, just what they need as the country begins a fresh start as we recover from COVID.

Today is as good a day as any to cancel student debt.

I yield the floor.

I suggest the absence of a quorum.

The PRESIDING OFFICER. The clerk will call the roll.

The senior assistant legislative clerk proceeded to call the roll.

Mr. McCONNELL. Mr. President, I ask unanimous consent that the order for the quorum call be rescinded.

The PRESIDING OFFICER. Without objection, it is so ordered.

SOURCE: Congressional Record Vol. 167, No. 131

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