House Committee on Oversight and Reform Ranking Member James Comer (R-Ky.) today blasted President Biden’s plan to provide a $10,000 student loan bailout for borrowers and $20,000 for Pell Grant recipients who earn up to $125,000 annually:
“President Biden’s student loan bailout is unfair to hardworking Americans who do not hold a college degree or who made tough financial decisions to pay for their college education. This bailout also raises ethical concerns about Biden Administration officials with student loans who have worked on this policy and stand to benefit financially. Alarmingly, we’ve learned that the Office of Government Ethics has never been consulted on any pending or finalized waivers related to student loan forgiveness and has no finalized waivers on file for Biden Administration officials. Oversight Committee Republicans will continue to conduct oversight of this issue to expose any self-serving Biden Administration officials who are poised to gain a financial windfall at the expense of American taxpayers. We must hold the Biden Administration accountable and protect taxpayer dollars from abuse.”
In June 2022, Ranking Member Comer and Committee on Education and Labor Ranking Member Virginia Foxx (R-N.C.) wrote to U.S. Office of Government Ethics (OGE) Director Emory Rounds requesting information to determine whether Biden Administration political appointees have a potential conflict of interest and whether they or their family members would benefit from President Biden’s student loan bailout. OGE officials confirmed they are not in possession of any finalized ethics waivers related to student loan forgiveness.
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