OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Providing for Congressional Disapproval of Rule Submitted By Department of Education Relating to ``Borrower Defense Institutional Accountability''--veto Message From the President of the United States

Floor Speech

Date: June 26, 2020
Location: Washington, DC
Issues: Finance and Banking Higher Education Government Budget and Spending

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Mr. GUTHRIE. Mr. Speaker, I rise today, yet again, to urge my colleagues to vote ``no'' on today's vote to override the President's veto of H.J. Res. 76.

It is unconscionable that any institution of higher education would engage in fraudulent misrepresentation to prey on student loan borrowers, particularly veterans who are able to qualify for GI benefits to attend schools.

President Trump's commonsense rule would help students who were defrauded and suffered financial harm by any school, giving them the opportunity to individually make their case, ensuring due process for all parties. It would also save taxpayers $11 billion, compared to President Obama's last-minute, one-size-fits-all rule that did not hold schools accountable.

As a member of the Education and Labor Committee and the former chairman of the Higher Education Subcommittee, I strongly urge my colleagues to vote ``no'' today.

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