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Washington, D.C. — U.S. Senator Marco Rubio (R-FL) welcomed a new Florida law, the Keep Our Graduates Working Act (HB 115), that closely mirrors his bipartisan Protecting Job Opportunities for Borrowers (Protecting JOBs) Act (S.609), which would help to ensure financial borrowers are not inhibited from working in their trained field solely because they fell behind on their federal student loan payments. Specifically, Rubio’s bill would prevent states from suspending, revoking or denying state professional, teaching, or driver’s licenses solely because a borrower falls behind on their federal student loan payments. Yesterday, Florida Governor DeSantis signed the bill into law, with an effective date of July 1, 2020.
“I applaud Representative Duran and Senator Hutson for taking decisive action to protect those borrowers’ who are struggling to repay their student loans,” Rubio said. “It is wrong to threaten a borrower’s livelihood by rescinding a professional license from those who are already struggling to repay student loans, and it deprives hardworking Americans of dignified work. I will continue to work with my colleagues to pass my bipartisan Protecting JOBs Act to fix this ‘catch-22’ and ensure that borrowers are able to continue working to pay off their loans, instead of being caught in a modern-day debtors prison.”
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