,,ii  #aah? ,,congress  #b;d ,session   
,s4 #dhae  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #be1 #bjbd,mr4   
,romney 7= himself1 ,mr4 ,cassidy1 ,mr4 
,tillis1 & ,mr4 ,scott ( ,s\? ,c>ol9a7  
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,heal?1 ,education1 ,labor1 & ,p5sions  
,a ,,bill  ,to prohibit ! mass          
cancellation ( /ud5t loans4  #a4 ,%ort  
title ,?is ,act may be cit$ z ! ,/ud5t  
,loan ,acc\ntability ,act4  #b4 ,f9d+s  
,congress f9ds ! foll[+3 7#a7 ,congress 
does n hide elephants 9 m\seholes2      
/atutory au?ority has n be5 provid$ to !
 executive bran* ( ! ,f$]al ,gov]nm5t to
 cancel /ud5t loans on a mass scale4    
7#b7 ,9 #bjbc1 ! ,supreme ,c\rt /ruck   
d[n ! ,bid5 ,adm9i/ration's attempt at  
mass cancellation ( /ud5t loans 9 ,bid5 
v4 ,nebraska1 #fjj ,u4,s4 #dgg 7#bjbc71 
conclud+ t the basic & consequ5tial     
trade(fs inh]5t 9 a mass debt           
cancellation program are ones t         
,congress w\ld likely h int5d$ = itself 

& 4 4 4 our prec$5t--old & new--requires
 t ,congress speak cle>ly be=e a        
,dep>tm5t ,secret>y c unilat]ally alt]  
l>ge sections ( ! ,am]ican economy44    
7#c7 ,x is unfair = taxpay]s :o already 
paid _! /ud5t loans1 *ose n to pursue   
high] education1 or work$ h>d to pay =  
_! education )\t tak+ on /ud5t loan     
debt1 to foot ! bill ( millions (       
borr[]s4  #c4 ,prohibition on mass      
cancellation ( /ud5t loans  7a7         
,prohibition  7#a7 ,9 g5]al ,not)/&+ any
 o!r provision ( law1 ! ,secret>y (     
,education1 ! ,secret>y ( ! ,treasury1  
or ! ,attorney ,g5]al %all n take any   
action to cancel or =give ! out/&+      
balances1 or portion ( balances1 ( cov]$
 loans1 except z provid$ 9 p>agraph     
7#b74  7#b7 ,exemption ,! prohibition   
describ$ 9 p>agraph 7#a7 %all n apply to
 t>get$ ,f$]al /ud5t loan =giv5ess1     
cancellation1 or repaym5t programs c>ri$
 out "u ! ,high] ,education ,act ( #aife
 7#bj ,u4,s4,c4 #ajja et seq471 "u f9al 
regulations z 9 effect on ,may #aa1     

#bjbb4  7b7 ,def9itions ,9 ?is section1 
! t]m cov]$ loan means-- 7#a7 a loan    
made1 insur$1 or gu>ante$ "u "p ,b1 ,d1 
or ,e ( title ,,iv ( ! ,high] ,education
 ,act ( #aife 7#bj ,u4,s4,c4 #ajga et   
seq42 #ajhg;a et seq42 #ajhg;aa et seq47
 be=e1 on1 or aft] ! date ( enactm5t (  
?is ,act2 or  7#b7 a loan "u ! ,heal?   
,education ,assi/ance ,loan ,program "u 
title ,,vii ( ! ,public ,heal? ,s]vice  
,act 7#db ,u4,s4,c4 #bib et seq47 made  
be=e1 on1 or aft] ! date ( enactm5t (   
?is ,act4  7c7 ,limitation ,! ,secret>y 
( ,education1 ! ,secret>y ( ! ,treasury1
 or ! ,attorney ,g5]al may n implem5t1  
or publi% 9 any =m1 any regulation1 or  
take any action1 t modifies1 alt]s1     
am5ds1 cancels1 dis*>ges1 =gives1 or    
def]s ! repaym5t ( any /ud5t debt n     
expressly p]mitt$ )9 /atute or          
regulation z 9 effect on ,m>* #ab1      
#bjbj1 reg>d+ cov]$ loans1 except to !  
ext5t t su* regulation or action        
reflects ! cle> & unequivocal int5t (   
,congress 9 legislation4