Political Quotes

“Mr. Speaker, I yield myself as much time as I may consume. I rise today in strong support of the Bipartisan Student Loan Certainty Act, also known as the Smarter Solutions for Students Act. After many weeks of delay, I'm pleased we finally have a bipartisan agreement to address the student loan interest rate problem. My colleagues and I have been fighting for months for a long-term, market- based solution that will serve students and taxpayers, and the legislation before us today will do just that. As you can see in this chart, much like the Smarter Solutions for Students Act approved by the House back in May, the Bipartisan Student Loan Certainty Act will tie student loan interest rates to the market, taking away the uncertainty that comes with allowing Congress to arbitrarily set rates. Similarly, both bills provide a permanent fix to the interest rate problem, granting students the certainty they need to make smart, fiscally responsible investments in their education. And most importantly, this legislation, like its predecessor, doesn't unfairly penalize taxpayers. Unlike some half-baked proposals that would put taxpayers on the hook for billions of dollars to pay for artificially low student loan interest rates, both the House-passed Smarter Solutions for Students Act and the Bipartisan Student Loan Certainty Act will generate a small amount of savings over 10 years. Reports confirm the similarities between the House bill and its Senate companion.…”