President Joe Biden’s student loan forgiveness plan is facing yet another lawsuit, this time by a small-business advocacy group calling for the “counterproductive, inflationary, and unfair action” to be blocked from going ahead.
The Job Creators Network Foundation (JCNF) Legal Action Fund (LAF) filed the lawsuit in the District Court for the Northern District of Texas, Fort Worth Division, on Monday.
According to its official website, JCNF is a “nonpartisan organization founded by entrepreneurs who believe that many government policies are getting in the way of the economic freedom that helped make this country prosperous.”
Monday’s lawsuit (pdf) argues that Biden’s move to cancel billions in student loan debt violates the Administrative Procedure Act’s (APA’s) notice-and-comment procedures through which the administration should have sought the public’s input or comment on the program….