Cloture Not Invoked
June 6, 2013(Key vote)
Title: Student Loan Affordability Act
Vote Smart's Synopsis:
Vote on a motion to invoke cloture on a bill that extends current interest rates for undergraduate loans until July 1, 2015.
Extends the following interest rates for undergraduates from July 1, 2013 to July 1, 2015 (Sec. 2):
6.8 percent on the unpaid principal balance of the loan for a loan for which the disbursement is made on or after July 1, 2006 and before July 1, 2008; and
3.4 percent on the unpaid principal balance of the loan for a loan for which the disbursement is made on or after July 1, 2011, and before July 1, 2013.
NOTE: INVOKING CLOTURE REQUIRES A 3/5 MAJORITY OF THE SENATE. IT IS NOT A VOTE ON THE PASSAGE OF THE PIECE OF LEGISLATION, BUT LIMITS FURTHER DEBATE TO 30 HOURS. CLOTURE IS TYPICALLY USED TO END A FILIBUSTER. A FAILED CLOTURE VOTE OFTEN PREVENTS THE LEGISLATION FROM EVER COMING TO A VOTE.