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Key Votes
S Amdt 1778 - Limits Interest Rates for Certain Federal Student Loans - National Key Vote
Ted Cruz voted Nay (Amendment Vote) on this Amendment.
Read statements Ted Cruz made in this general time period.
Timeline
Related Legislation
Issues Related to S Amdt 1778
Stage Details
Amendment -
Amendment Rejected
(Senate)
(46-53) -
July 24, 2013(Key vote)
See How Your Politicians Voted
Title: Limits Interest Rates for Certain Federal Student Loans
Vote Result
Yea Votes
Nay Votes
Vote to adopt an amendment to S Amdt 1773 to HR 1911 that limits interest rates for certain federal student loans.
- Limits the interest rate for Federal Direct Subsidized Loans and Federal Direct Unsubsidized Loans issued to undergraduate students to the lesser of the following:
- 6.8 percent; or
- A rate equal to the high yield of the 10 year Treasury note auctioned prior to June plus 2.05 percent.
- Limits the interest rate for Federal Direct Unsubsidized Loans issued to graduate or professional students to the lesser of the following:
- 6.8 percent; or
- A rate equal to the high yield of the 10 year Treasury note auctioned prior to June plus 3.6 percent.
- Limits the interest rate for Federal Direct PLUS loans to the lesser of the following:
- 7.9 percent; or
- A rate equal to the high yield of the 10 year Treasury note auctioned prior to June plus 4.6 percent.
- Establishes a 0.55 percent tax on any amount of modified adjusted gross income of an individual taxpayer that exceeds $1 million.
NOTE: THIS LEGISLATION NEEDED A THREE-FIFTHS MAJORITY VOTE TO PASS.
Amendment - Introduced (Senate) - July 24, 2013
Title: Limits Interest Rates for Certain Federal Student Loans
Co-sponsors
- Tammy Baldwin (WI - D)
- Richard 'Dick' Blumenthal (CT - D)
- Barbara Boxer (CA - D) (Out Of Office)
- Sherrod C. Brown (OH - D)
- Al Franken (MN - D) (Out Of Office)
- Kirsten E. Gillibrand (NY - D)
- Martin T. Heinrich (NM - D)
- Mazie K. Hirono (HI - D)
- Amy Klobuchar (MN - D)
- Patrick J. Leahy (VT - D)
- Jeffery A. 'Jeff' Merkley (OR - D)
- Christopher S. 'Chris' Murphy (CT - D)
- Patty Murray (WA - D)
- John Francis 'Jack' Reed (RI - D)
- Brian Emmaneul Schatz (HI - D)
- Jeanne Shaheen (NH - D)
- Debbie Ann Stabenow (MI - D)
- Elizabeth A. Warren (MA - D)
- Sheldon Whitehouse (RI - D)
- Ron Wyden (OR - D)