ABC's Jonathan Karl pressed Democratic Rep. Ro Khanna on the Supreme Court's ruling on Biden's student loan cancellation plan during "This Week" on Sunday.President Biden's plan to cancel roughly $430 billion of federal student loan balances during"This Week" on Sunday."The argument the court is making is the heroes act does not give the president authority to rewrite student loans. In fact, this was a position essentially that was taken by Nancy Pelosi.
"People think that the president of the United States has the power for debt forgiveness. He does not. He can postpone. He can delay, but he does not have that power. That would – that has to be an act of Congress," she said in the video.Khanna said Pelosi took that position before Biden had asked for a legal analysis of the HEROES Act.
"When you look at the analysis of the heroes act, it says specifically that the president and the secretary have the authority to cancel or amend – to waive or amend the student loans," he said."There was an analysis done that the secretary has that authority. He has to over a certain amount, get approval of the attorney general, and the speaker said after she looked at that legal analysis, it was clear under the HEROES Act the administration did have that authority.
"We can have an argument that the HEROES Act passed in 2003 in the wake of shortly after 9/11, it was way too broad of giving that kind of authority to the president and the secretary. I don’t believe that’s the case. That’s a legitimate argument. The place to make that argument is in the United States Congress. It’s not for unelected justices to override what the court has passed. And that's what this court is doing. It’s very dangerous.
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