On the recordApril 26, 2012
I thank the gentleman from Florida for yielding me the customary 30 minutes, and I yield myself such time as I may consume. Mr. Speaker, I rise today in opposition to the rule and the underlying bills: H.R. 3523, the Cyber Intelligence Sharing and Protection Act, or CISPA, and H.R. 4628, the Interest Rate Reduction Act. {time} 1240 Both bills are being brought to the House under a hyperpartisan, closed process that limits debate and discussion that can improve the legislation and allow the House to work its will. Many of the meaningful amendments that would have protected privacy under CISPA were not allowed under this rule, and under the Interest Rate Reduction Act, no amendments were allowed. I want to address both of the bills that are contained in this underlying rule. First, the Interest Rate Reduction Act. This is a bill of rather mysterious origin that appeared in the Rules Committee yesterday mere hours after having been introduced by its lead sponsor, Mrs. Biggert of Illinois. No regular order was followed for this bill. This bill received no hearings and no markups by the committee of jurisdiction, and within hours of its being introduced, it was brought immediately to the Rules Committee with direction to go to the floor of the House of Representatives without a single member of either party having any opportunity to amend the bill and with only 1 hour of debate. What is new about this cliff with regard to student loan rates?…





