the Congressional Research Service, any rule revoked by a CRA resolution of disapproval"would be deemed not to have had any effect at any time, and even provisions that had become effective would be retroactively negated."
Thus the warnings of retroactive interest payments and other consequences for those who have benefited from programs that are""Right-wing proponents have gone to great lengths to mislead their own colleagues and deny the truth—this effort would push hundreds of thousands of public service workers back into debt and require the government to charge tens of millions borrowers for interest that has already been canceled," Mike Pierce, executive director of the Student Borrower...
The resolution now heads to the U.S. Senate, where—under the CRA—Republicans can force a vote despite being in the minority. The measure would require just a simple majority to pass the narrowly Democratic upper chamber, though President Joe Biden has threatened to veto the resolution if it reaches his desk.
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