SJRES196119th CongressWALLET

A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Education relating to "Reimagining and Improving Student Education-Federal Student Loan Program Final Regulations".

Sponsored By: Senator Merkley, Jeff [D-OR]

In Committee

Summary

Overturns the Department of Education's final student loan rule. The resolution would nullify the 'Reimagining and Improving Student Education—Federal Student Loan Program' Final Rule and block it from taking effect or imposing new regulatory requirements on federal student loan administration.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Stops Education Department loan rule

This bill would disapprove a Department of Education final rule published at 91 Fed. Reg. 23768 on May 1, 2026. If enacted, the bill would direct that the rule have no force or effect. That would keep current federal student loan rules instead of the changes in that rule. Borrowers, students, loan servicers, and schools would be affected. Whether this helps or hurts you would depend on the blocked rule's specific changes.

Sponsors & CoSponsors

Sponsor

Merkley, Jeff [D-OR]

OR • D

Cosponsors

  • Sen. Alsobrooks, Angela D. [D-MD]

    MD • D

    Sponsored 6/4/2026

  • Sen. Sanders, Bernard [I-VT]

    VT • I

    Sponsored 6/4/2026

  • Sen. Schumer, Charles E. [D-NY]

    NY • D

    Sponsored 6/4/2026

  • Sen. Luján, Ben Ray [D-NM]

    NM • D

    Sponsored 6/11/2026

  • Sen. Murray, Patty [D-WA]

    WA • D

    Sponsored 6/11/2026

  • Sen. Gillibrand, Kirsten E. [D-NY]

    NY • D

    Sponsored 6/16/2026

  • Sen. Kaine, Tim [D-VA]

    VA • D

    Sponsored 6/22/2026

  • Sen. Cantwell, Maria [D-WA]

    WA • D

    Sponsored 6/22/2026

Roll Call Votes

All Roll Calls

Yes: 45 • No: 52

senate vote • 6/24/2026

On the Motion to Proceed S.J.Res. 196

Yes: 45 • No: 52

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