Supreme Court uses Nancy Pelosi words to overturn student loan cancellation

Quoting Pelosi during a 2021 press conference, the Court's majority opinion wrote,"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 has to be an act of Congress."

The justices agreed with six Republican-led states, while disagreeing with two individual borrowers, in a pair of lawsuits that challenged the Biden administration's student debt relief program. Although the Court ruled that the private plaintiffs lacked standing in their challenge against Biden's plan in theBiden v.

Activists hold signs as they attend a"Student Loan Forgiveness" rally near the White House on April 27, 2022, in Washington, D.C. The Supreme Court struck down President Joe Biden's student loan forgiveness plan on Friday, and its conservative justices used former House Speaker Nancy Pelosi's words to do so.The ruling hit borrowers with a double whammy as the pandemic pause on federal student loans, which was extended eight times, will finally expire in September.

The decision on student debt has been viewed as the first"major questions doctrine" case since last year's landmark ruling inthat limited the scope of the EPA's authority. The major questions doctrine holds that agencies require a"clear statement" of authorization fromwhen wielding"unheralded" use of its authority in"extraordinary cases" of"political and economic significance.

Barrett said while the doctrine plays"an important role," it"should not be taken for more than it is—the familiar principle that we do not interpret a statute for all it is worth when a reasonable person would not read it that way."

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