BREAK IN TRANSCRIPT
Mrs. TRAHAN. Mr. Speaker, I thank the gentlewoman for yielding.
Today I rise to offer my strong support for the joint resolution led by my friend and colleague, Congresswoman Susie Lee.
On the Education and Labor Committee we are taking action on behalf of students who were fleeced by predatory for-profit colleges.
Secretary DeVos has ignored hundreds of thousands of pending claims from defrauded borrowers and taxpayers. That includes almost 3,000 from my home State of Massachusetts. Despite having authority to provide full and immediate relief, the Secretary's borrower defense rule does not make students whole.
Her new, partial-relief formula to determine debt forgiveness adds further insult to injury. We tested that formula in committee with the secretary and exposed how flawed it is, how it severely restricts the relief one can receive.
H.J. Res. 76 is necessary to block efforts to weaken key consumer protections against crushing student debt and useless degrees.
I thank Congresswoman Lee and the committee for taking legislative action, and I call upon my colleagues to support defrauded students in this joint resolution.
BREAK IN TRANSCRIPT