E-Update for June 5, 2023
The information covered below is from May 18, 2023 to June 3, 2023.
On June 3, President Joe Biden signed H.R. 3746, the “Fiscal Responsibility Act of 2023,” to address the nation’s debt ceiling – the cap on the total amount of money that the federal government is able to borrow.
On June 1, the Senate passed H.J. Res 45 by a vote of 52-46, a Congressional Review Act resolution that would prohibit the implementation of President Biden’s student loan forgiveness plan to cancel up to $20,000 in outstanding student loan debt. In a Statement of Administration Policy issued on May 22, the White House opposed the CRA and indicated that, should it pass both houses of Congress, President Biden would veto it.
On May 23, the White House and U.S. Department of Education (USED) separately released publications to promote responsible use of AI and push for guardrails for its use.
President Biden signs legislation to address the nation’s “debt ceiling”: On June 3, President Joe Biden signed H.R. 3746, the “Fiscal Responsibility Act of 2023,” to address the nation’s debt […]