Providing for the consideration of the bill (H.R. 2003) to amend the Higher Education Act of 1965 to lower the interest rate on Federal student loans to 2 percent.
This resolution is a procedural measure that sets the rules for Congress to debate and vote on H.R. 2003, a bill that would reduce the interest rate on federal student loans from their current level to 2 percent. The resolution waives standard procedural objections and allows the House to move directly to consideration of the bill. The debate will be limited to one hour, split equally between the chairs and ranking members of the House Education and Workforce Committee, and members will have one opportunity to propose changes before the final vote. This resolution does not change any loan rates itself, but rather clears the path for the full House to consider the underlying student loan legislation.
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