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Public Statements

Interest Rate Reduction Act

Floor Speech

By:
Date:
Location: Washington, DC

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Mr. KILDEE. Mr. Speaker, I rise today in strong opposition to the majority's faulty attempt to extend current student loan interest rates.

The Ryan budget, which most of my colleagues on the other side of the aisle voted for, allowed those interest rates to expire. It was only when they started getting criticized by the press did they decide to offer an alternative to our proposal.

Even then, they took yet another shot at the health care law while keeping Big Oil subsidies intact.

Mr. Speaker, this year, a mammogram has saved my wife's life. They have chosen the wrong priority. At the end of the day, the American people cannot afford to see their interest rates double on their student loans.

I urge my colleagues on the other side of the aisle to join us in offering a legitimate source of funding that doesn't put anyone's health in jeopardy. This Congress needs to find an equitable solution to this problem before July 1.

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