Student Loan Interest Rate Resolution
Official: Providing for consideration of the bill (H.R. 2003) to amend the Higher Education Act of 1965 to lower the interest rate on Federal student loans to 2 percent.
This resolution sets the stage for the House of Representatives to consider a bill that aims to lower federal student loan interest rates to 2 percent.
This resolution provides for the consideration of the bill (H.R. 2003) to amend the Higher Education Act of 1965 to lower the interest rate on Federal student loans to 2 percent.
1. This resolution allows the House to discuss a bill to lower student loan interest rates. 2. It waives all points of order against considering the bill, making it easier to debate. 3. The bill will be treated as read, meaning members do not need to read it aloud. 4. The resolution sets aside one hour for debate, split between two committee leaders. 5. It allows for one motion to recommit the bill before final voting.
Students and graduates with federal student loans will be directly impacted by the proposed interest rate change.