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Butterfield to Attend Bill Signing Impacting US Transportation and Student Loans

Press Release

Date: July 5, 2012
Location: Washington, DC
Issues: Transportation Finance and Banking Higher Education

Tomorrow July 6th, Congressman G. K. Butterfield (D-NC) will join President Obama for the signing of the Moving Ahead for Progress in the 21 Century Act, the bill to fund long term transportation related projects and prevent the doubling of interest rates on certain student loans.

"For months, Democrats have been fighting to pass this bipartisan legislation that will boost a struggling construction sector, give certainty to a range of small business owners, and pave the way for job growth across America," said Butterfield. "When President Obama signs this bill into law tomorrow, he will reaffirm his and Democrats' steadfast commitment to protecting the nation's fragile economic recovery and investing in America's future."

H.R. 4348, the Surface Transportation Extension Act of 2012 passed the House on April 18,2012. On April 24, the Senate agreed to amend H.R. 4348 and replaced the House-passed bill text with the language of MAP-21. The action allowed the bill to be sent to conference where it was agreed to by both chambers.


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