Americans for Financial Reform’s Senior Policy Analyst Alexis Goldstein released the following statement on Congresswoman Alma Adams’ Amendment to H.R. 6395, the FY21 National Defense Authorization Act:
“Rep. Adams’ amendment gives borrowers a chance to recover on the same timeline the economy is projected to need to return to pre-coronavirus productivity. Granting the same CARES Act suspension of student loan payments to private student loan borrowers, and extending the suspension to September 2021 will mean more funds for food, medicine, and basic household needs.”
This amendment passed the House on July 21.