I too am interested in looking at commercial paper as a possible index for student loan interest rates. Unfortunately, the committee has not had enough time to thoroughly assess the gentleman's proposal. The interest rate compromise is a delicate one and any changes will have to be carefully studied. I, along with the gentleman from California (Chairman McKeon), will use the time between now and conference with the other body to assess the option of using commercial paper as the index.
Editor's note · Context
Discussing the potential use of commercial paper as an index for student loan interest rates.
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