On the recordJuly 9, 2013
Again, to respond to that, the bill that the House passed failed in the United States Senate. So, too, did a 2-year delay in keeping the student loan rates low; that has failed in the Senate. So we can simply say, oh, we're just not going to do anything and let student loan rates double, or we can take it upon ourselves in this body to try to find a new way. That's what the Democrats and Ranking Member Miller have put forward, a way to say, look, we couldn't agree on 2 years, we couldn't agree on a long-term solution. Let's give us a 1-year window where the kids coming back to school in a month aren't going to be borrowing at twice the rate that they were last year. We have the chief sponsor of the bill here to speak about it. Mr. Speaker, I yield 3 minutes to the gentleman from California (Mr. George Miller), the ranking member of the Committee on Education and the Workforce.
