,,ii  #aahth ,,congress  #b;d ,session  
,s4 #dhae  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #be1     
#bjbd,mr4 ,romney 7for himself1 ,mr4    
,cassidy1 ,mr4 ,tillis1 and ,mr4 ,scott 
of ,south ,carolina7 introduced the     
following bill2 which was read twice and
 referred to the ,committee on ,health1 
,education1 ,labor1 and ,pensions  ,a   
,,bill  ,to prohibit the mass           
cancellation of student loans4  #a4     
,short title ,this ,act may be cited as 
the ,student ,loan ,accountability ,act4
  #b4 ,findings ,congress finds the     
following3 7#a7 ,congress does not hide 
elephants in mouseholes2 statutory      
authority has not been provided to the  
executive branch of the ,federal        
,government to cancel student loans on a
 mass scale4  7#b7 ,in #bjbc1 the       
,supreme ,court struck down the ,biden  
,administration's attempt at mass       
cancellation of student loans in ,biden 
v4 ,nebraska1 #fjj ,u4,s4 #dgg 7#bjbc71 
concluding that the basic and           

consequential tradeoffs inherent in a   
mass debt cancellation program are ones 
that ,congress would likely have        
intended for itself and 4 4 4 our       
precedent--old and new--requires that   
,congress speak clearly before a        
,department ,secretary can unilaterally 
alter large sections of the ,american   
economy44  7#c7 ,it is unfair for       
taxpayers who already paid their student
 loans1 chose not to pursue higher      
education1 or worked hard to pay for    
their education without taking on       
student loan debt1 to foot the bill of  
millions of borrowers4  #c4 ,prohibition
 on mass cancellation of student loans  
7a7 ,prohibition  7#a7 ,in general      
,notwithstanding any other provision of 
law1 the ,secretary of ,education1 the  
,secretary of the ,treasury1 or the     
,attorney ,general shall not take any   
action to cancel or forgive the         
outstanding balances1 or portion of     
balances1 of covered loans1 except as   
provided in paragraph 7#b74  7#b7       

,exemption ,the prohibition described in
 paragraph 7#a7 shall not apply to      
targeted ,federal student loan          
forgiveness1 cancellation1 or repayment 
programs carried out under the ,higher  
,education ,act of #aife 7#bj ,u4,s4,c4 
#ajja et seq471 under final regulations 
as in effect on ,may #aa1 #bjbb4  7b7   
,definitions ,in this section1 the term 
covered loan means-- 7#a7 a loan made1  
insured1 or guaranteed under part ,b1   
,d1 or ,e of title ,,iv of the ,higher  
,education ,act of #aife 7#bj ,u4,s4,c4 
#ajga et seq42 #ajhg;a et seq42 #ajhg;aa
 et seq47 before1 on1 or after the date 
of enactment of this ,act2 or  7#b7 a   
loan under the ,health ,education       
,assistance ,loan ,program under title  
,,vii of the ,public ,health ,service   
,act 7#db ,u4,s4,c4 #bib et seq47 made  
before1 on1 or after the date of        
enactment of this ,act4  7c7 ,limitation
 ,the ,secretary of ,education1 the     
,secretary of the ,treasury1 or the     
,attorney ,general may not implement1 or

 publish in any form1 any regulation1 or
 take any action1 that modifies1 alters1
 amends1 cancels1 discharges1 forgives1 
or defers the repayment of any student  
debt not expressly permitted within     
statute or regulation as in effect on   
,march #ab1 #bjbj1 regarding covered    
loans1 except to the extent that such   
regulation or action reflects the clear 
and unequivocal intent of ,congress in  
legislation4