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Public Statements

Interest Rate Reduction Act

Floor Speech

Location: Washington, DC


Mrs. DAVIS of California. Mr. Speaker, unless Congress acts, Stafford loan rates will double. I spoke to some students at San Diego State University just the other day who are worried about their day-to-day needs, and they asked us not to play politics with this issue.

New grads should have increased opportunities, not bills they can't pay. A college degree should invite calls from job recruiters, not from collection agencies.

I'm glad that the majority has abruptly changed course by agreeing to stop this interest rate hike. But it is unacceptable that this bill proposes to pay for this by repealing the prevention fund.

The bill creates a choice between funding cancer screenings for a mother or making college more affordable for her daughter. Would you want to be that mother? That sends the wrong message to the American people about our priorities.

I urge my colleagues to support a more equitable solution that promotes the health of the American families and the future of our bright minds.


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