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Smarter Solutions for Students Act

Floor Speech

Location: Washington, DC

Mr. ROKITA. Mr. Speaker, we have a jobs crisis in this country. Millions of Americans are out of work, and yet many jobs go unfulfilled. This is especially true among young people.

Part of the problem is that young Americans are faced with uncertainty when investing in college education due to government price-fixing of student loan interest rates. While some in this Chamber think that's a good thing, others do not. We passed a bill on that just 2 weeks ago.

That is why House Republicans have passed the Smarter Solutions for Students Act. It stops student loan rates from doubling in July, fixes the student loan process long-term, and takes politicians out of the business of setting interest rates by moving to a market-based system. As a member of the Budget Committee, I'll note that these are many of the same--actually, the very same--principles the President called for in his own budget plan.

We are offering the President a perfect opportunity for a true bipartisan victory. Not only is it a bipartisan victory, it is a real solution to a real problem.

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