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Providing for Consideration of H.R. 3523, Cyber Intelligence Sharing and Protection Act; Providing for Consideration of Motions to Suspend the Rules; Providing for Consideration of H.R. 4628, Interest Rate Reduction Act; and for Other Purposes

Floor Speech

Location: Washington, DC


Mr. COURTNEY. Mr. Speaker, our second President, John Adams, once said:

Facts are stubborn things, and whatever may be our wishes or the dictates of our passion cannot alter the state of facts.

As to how we got here on the student loan bill, here are the facts. Unlike what was stated by the proponent of this rule, on January 24, the President of the United States stood on that podium and challenged Congress to block the increase of rates from 3.4 percent to 6.8 percent. The Republican majority has done nothing over the last 3 months to respond to that--no bill, no hearing, no markup. In fact, they passed the Ryan budget, which locked in the higher rate at 6.8 percent and doubled down and went after Pell Grants for needy students who need those grants to pay for college.

The politics has changed. That's the fact.

What happened here, and the Speaker's reversal over the last 24 hours, which we welcome, is now being paid for by a grotesque pay-for which goes after women and children rather than going after the folks who can afford to pay for it--the oil companies, the gas companies that made $137 billion in profits last year.

Support the Tierney motion and oppose this rule.


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