Birdwatch Note Rating
2023-07-01 13:51:34 UTC - HELPFUL
Rated by Participant: 933F4250AE8445FAFB4BDA4E8BB253B475D3AE299E559D2C92BE490DA55508A2
Participant Details
Original Note:
The PPP loan forgiveness program was instituted by an act of Congress in the CARES Act - the body tasked with allocating funding. https://www.congress.gov/bill/116th-congress/house-bill/748 The Constitution grants the "power of the purse" to the House. https://history.house.gov/Institution/Origins-Development/Power-of-the-Purse/ Biden's Student Debt Relief Plan was not passed by Congress or signed into law. https://www.nbcnews.com/politics/supreme-court/supreme-court-rule-bidens-student-loan-forgiveness-plan-friday-rcna76874
All Note Details