Rep. Ted Budd (R-NC) has introduced the Federal Employee Student Debt Transparency Act.
The bill would require all political appointees and Senior Executive Service employees to disclose balances for all federal student loans. This would apply to employees that have a direct role in the political and policy functions of the Biden Administration. Press reports have suggested that White House staffers hold more than $4.7 million in student debt.
Rep. Budd said in a statement:
“Student loan cancellation would be an affront to the millions of borrowers who responsibly repaid their loan balances, as well as the millions of taxpayers who don’t have a college degree and would be forced to subsidize the loans of others. As the Biden administration considers plans to overreach its executive authority to cancel student loan debt, taxpayers deserve to know if the Biden political team has a conflict of interest as to why they are willing to cross clear legal boundaries to pursue a student loan bailout. The Biden administration needs to abandon its backwards quest to cancel student loan debt or be held accountable.”
Read the full text of the bill HERE.
