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On the recordJuly 24, 2013
I ask unanimous consent that the reading of the amendment be dispensed with. The PRESIDING OFFICER. Without objection, it is so ordered. The amendment is as follows: (Purpose: To establish student loan interest rates, and for other purposes) Strike all after the first word and insert the following: 1. SHORT TITLE. This Act may be cited as the ``Bipartisan Student Loan Certainty Act of 2013''. SEC. 2. INTEREST RATES. (a) Interest Rates.--Section 455(b) of the Higher Education Act of 1965 (20 U.S.C. 1087e(b)) is amended-- (1) in paragraph (7)-- (A) in the paragraph heading, by inserting ``and before july 1, 2013'' after ``on or after july 1, 2006''; (B) in subparagraph (A), by inserting ``and before July 1, 2013,'' after ``on or after July 1, 2006,''; (C) in subparagraph (B), by inserting ``and before July 1, 2013,'' after ``on or after July 1, 2006,''; and (D) in subparagraph (C), by inserting ``and before July 1, 2013,'' after ``on or after July 1, 2006,''; (2) by redesignating paragraphs (8) and (9) as paragraphs (9) and (10), respectively; and (3) by inserting after paragraph (7) the following: ``(8) Interest rate provisions for new loans on or after july 1, 2013.-- ``(A) Rates for undergraduate fdsl and fdusl.-- Notwithstanding the preceding paragraphs of this subsection, for Federal Direct Stafford Loans and Federal Direct Unsubsidized Stafford Loans issued to undergraduate students, for which the first disbursement is made on or after July 1, 2013, the applicable rate of…
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Tom Harkin
Democratic · Iowa

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