On the recordJune 29, 2012
So I really thank the gentleman, and I think that it took a lot of compromise on both sides of the aisle. But this agreement safeguards the things in all of the bills such as the suburban transit options and funds critical road and bridge projects. So it's been a long time, but I encourage my colleagues to look at the big picture and lend this agreement their strong support. Mr. Speaker, I rise today to encourage my colleagues to support this bipartisan compromise to enact three of our top economic priorities: an extension of lower student loan rates, reform of the National Flood Insurance Program (NFIP), and a long-term transportation bill. All three face tight statutory deadlines. And this agreement gives us the momentum to get all three over the finish line. Reforming the NFIP will restore financial security to the flood program, which yields savings for taxpayers and stability in the housing market. And extending affordable loan rates for our students will ensure that our young graduates don't have to pay the price for gridlock in Washington. Already, half of recent graduates are either unemployed or underemployed, and now is not the time to burden them with more debt and higher education costs. Both of these proposals began here in the House with legislation I sponsored. And both passed in the House with bipartisan support. Today, we can send them to the President alongside a third critical economic priority--a long-term transportation bill.…





