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Chairman Walberg on the One Big, Beautiful Bill Heading to President Trump’s Desk

Today, Education and Workforce Committee Chairman Tim Walberg (R-MI) issued the following statement on the House-passed One Big, Beautiful Bill Act, which now heads to President Trump’s desk to be signed into law:

“In passing the One Big, Beautiful Bill, the House once again took decisive action to bring down costs for Americans. This bill puts forward the first set of significant conservative reforms to the higher education landscape in two decades. And thanks to the Committee and House Republicans’ initiative and hard work the One Big, Beautiful Bill will help maintain America’s world-class higher education system. 

“Since January, the Trump administration’s pro-growth policies have created opportunities for our workers and job creators to succeed in a booming economy, including reforms to our student loan system to help drive down out-of-control college costs. I am proud to join my colleagues in supporting the One Big, Beautiful Bill and sending it to President Trump’s desk as a part of our ongoing work to lower costs for Americans and help students, families, and taxpayers thrive.”


Background:

The Education and Workforce Committee’s title saves taxpayers over $250 billion and:
  • Simplifies student loan repayment. The student loan repayment process has become bloated and too complex. The plan simplifies the loan repayment system to help troubled borrowers repay loans without saddling taxpayers with the burden of paying back the loans of wealthy borrowers.
  • Streamlines student loan options. These reforms increase simplicity and affordability so students don’t borrow excessive debt they can never repay. It is time to reform the loan program so that students, institutions, and taxpayers can all benefit.
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