Another Lawsuit Filed Against Biden’s Student Debt Relief Plan Arguing Move Is ‘Inflationary’
President Joe Biden’s student loan forgiveness plan is facing yet another lawsuit, this time by a small-business advocacy group calling for the “counterproductive, inflationary, and unfair action” to be blocked from going ahead.
The Job Creators Network Foundation (JCNF) Legal Action Fund (LAF) filed the lawsuit in the District Court for the Northern District of Texas, Fort Worth Division, on Monday.
According to its official website, JCNF is a “nonpartisan organization founded by entrepreneurs who believe that many government policies are getting in the way of the economic freedom that helped make this country prosperous.”
Monday’s lawsuit (pdf) argues that Biden’s move to cancel billions in student loan debt violates the Administrative Procedure Act’s (APA’s) notice-and-comment procedures through which the administration should have sought the public’s input or comment on the program.
“The Department of Education has flagrantly violated the APA’s notice-and-comment requirements. Behind closed doors, the Department promulgated a new Debt Forgiveness Program that will affect tens of millions of Americans and cost more than 400 billion dollars,” lawyers for the plaintiffs wrote.
“Instead of providing notice and seeking comment from the public, the Department hammered out the critical details of the Program in secret and with an eye toward securing debt forgiveness in time for the November election,” the lawsuit states.
President Joe Biden announces student loan relief with Education Secretary Miguel Cardona (R) at the White House in Washington, on Aug. 24, 2022. (Olivier Douliery/AFP via Getty Images) ‘Unprecedented Executive Power Grab’
The lawsuit names the U.S. Department of Education and Miguel Cardona, in his official capacity as the secretary of education as defendants, and Myra Brown and Alexander Taylor, two individuals who have been “harmed by this arbitrary executive overreach,” as plaintiffs.
In a statement on Oct. 10, Elaine Parker, president of Job Creators Network Foundation, called Biden’s student loan bailout an “unprecedented executive power grab,” that “does nothing
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