Mrs. ELLMERS. Mr. Speaker, I rise today in support of H.R. 1911, the Smarter Solutions for Students Act.
Ever since 2006, student loan interest rates have been set by Congress through legislation. As I'm sure all of us remember, about 1 year ago we were affected by the artificially low interest rates that were ready to expire. But instead of finding a viable solution, Congress temporarily extended the rates and put off a permanent decision for another year.
Now, here we are again. And if we do nothing, we will be here in the same exact place again with the fight again at the expense of our college students. Congress should not be in the business of setting interest rates, and H.R. 1911 fixes this problem and prevents Congress from playing political games with our young Americans' future.
The college experience has always been a large part of the American Dream. We want the best for our children. We want them to have the opportunity to pursue a college education and create a better life for themselves. We owe it to our younger generation. We owe it to those high school seniors. And I believe that this bill will take care of that issue.