Student Loan Interest Rates

Floor Speech

Mr. ELLISON. Mr. Speaker, on July 1, student loan interest rates are due to double. We also have seen numerous very short-term transportation bills as an extended longer transportation bill, which could give real certainty to workers and firms, is sitting there in the Senate and is ignored by the House.

Despite the fact that the transportation bill is sitting there, we haven't taken the proper action, and student loan rates are due to rise, you wouldn't know it from being on the House floor. You wouldn't know it because the majority has not taken up these issues that are the most pressing issues to the American people.

I'm not here to say that the Republicans are sabotaging the economy in order to get an advantage in the election. But there are a lot of people who believe that is the case. If the Republican majority wants to make sure that the people of America know that they're operating on their best behalf, I urge them to take action to preserve low interest rates for students to go to college, to pass a transportation bill, and take up the one that the Senate has already passed.

Jobs are the key, but you wouldn't know it from being in this body, based on the action--or inaction--of the majority.

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