S.J.Res. 43 explained · 118th Congress · Not enacted (118th Congress ended)
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 "Improving Income Driven Repayment for the William D. Ford Federal Direct Loan Program and the Federal Family Education Loan (FFEL) Program".
Cosponsors: 36 (1 D, 35 R) · per Congress.gov, 2026-10-11
Introduced: 2023-09-05
Latest action (2023-11-15): Failed of passage in Senate by Yea-Nay Vote. 49 - 50. Record Vote Number: 310.
What S.J.Res. 43 does, in plain terms
This joint resolution nullifies the final rule submitted by the Department of Education titled Improving Income Driven Repayment for the William D. Ford Federal Direct Loan Program and the Federal Family Education Loan (FFEL) Program and published on July 10, 2023. The rule creates a new income-driven repayment plan called the Saving on a Valuable Education (SAVE) plan.
Official summary by the Congressional Research Service, via Congress.gov.
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