The wrinkle in fighting loan forgiveness

[jon-nyc]

Our good friend ‘legal standing’. Congress has it, but Pelosi and Schumer aren’t going to challenge it. One could imagine a GOP lead house challenging it after January. The awkward part is by then it would have been disbursed.

[Mik]

what a mess. If I were the Dems, I'd be shouting this to the rafters,

[jon-nyc]

There are smart lawyers in the gop pursuing other avenues I’m sure. But it’s not clear they’ll find another way.

[Mik]

I would think a citizen could bring suit claiming an unconstitutional action.

[jon-nyc]

You have to be harmed by it. And taxpayer status has never been sufficient.

[jon-nyc]

I’m the short term loan servicing companies might have standing as they’ll be harmed by this.

[LuFins Dad]

What about the states? They wouldn't have the standing to prevent the implementation but they could have the standing to ask for a delay in implementation. If states are going to tax this as income, then it will have an impact on income-based financial aid including need-based scholarships and grants. Requesting a 3-4 month injunction to allow them to reevaluate their financial aid packages would certainly be reasonable.