Friday, Cassidy, who is the ranking member on the Senate's Health, Education, Labor, and Pensions committee, argued that the Biden administration's income-driven repayment regulations are a"bigger" effort than the failed attempt to cancel up to $20,000 in loans for borrowers who make less than $125,000. The regulations allow borrowers to make payments commensurate with their discretionary income, which is defined as income above the poverty line.
Earlier this month, Cassidy introduced a Congressional Review Act resolution that would repeal the regulation. The resolution requires a simple majority vote of both chambers of Congress, and Republicans have had success passing such resolutions, although they have typically been vetoed by President Joe Biden.