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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

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Mr. WATKINS. Mr. Speaker, I rise in opposition to this costly resolution that would allow more fraud, waste, and abuse.

No one condones fraud, especially when it is perpetrated by an institute of higher learning. Every student who is financially defrauded is entitled to relief and forgiveness, period. But we should make sure that we are helping those who have been defrauded. It is our job to do due diligence for the American taxpayer.

The Trump administration has made this a priority, unlike the Obama administration. They used the rule to forgive as many student loans as they could. They would even target institutions they didn't like. That is partisan. It is costly to the taxpayer, and it is harmful to the student. That is why I support Secretary DeVos and President Trump. Their borrower defense rule takes taxpayers into account.

After seeing the enormous price tag of $42 billion that the Obama rule created, President Trump and Secretary DeVos acted swiftly to take that burden off the backs of the taxpayers. I thank the President and Secretary DeVos.

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