I have a question and perhaps an answer might clear it up for those who are still trying to sort through this legislation. H.R. 3108, as introduced, included a provision that would have replaced the 30-year Treasury rate with a flat rate of 5.5 percent for purposes of the so-called section 415 limit. This provision was dropped in the amendment being considered today. Will this provision be considered as H.R. 3108 moves forward?
Questioning the provisions of H.R. 3108 during a legislative discussion.
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My advice is: If they adopt that policy, we should advise the American people to forget about their credit card debt.
And there is a responsibility--I will just finish, Ranking Member Neal, with the faculty, as well.
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