House of Representatives Passes CRA Resolution Against Borrower Defense Rule
The House of Representatives yesterday passed a Congressional Review Act (CRA) resolution that would rescind the Borrower Defense Rule issued last year by the U.S. Department of Education. From Inside Higher Education: "consumer advocates said DeVos’s new rule would make it virtually impossible for students who were misled by predatory colleges to have their loans discharged."
The resolution would still need to pass in the Senate (although only a simple majority vote is needed as the filibuster would not apply) and be signed by the President to become effective. Inside Higher Education reports that "Six Republicans joined Democrats in passing the measure, 231 to 180, giving advocates some hope of getting it through the Republican Senate. However, the Office of Management and Budget said Monday it would advise vetoing the measure if it were to pass both chambers."
Read more about the Congressional Review Act here.