John Kline: “I reserve a point of order. The SPEAKER pro tempore. A point of order is reserved. The Clerk will report the motion to…”

“I reserve a point of order. The SPEAKER pro tempore. A point of order is reserved. The Clerk will report the motion to recommit. The Clerk read as follows: Ms. SINEMA moves to recommit the bill H.R. 1911 to the Committee on Education and the Workforce with instructions to report the same back to the House forthwith, with the following amendment: Redesignate section 3 as section 4. Insert after section 2, the following new section: SEC. 3. PROTECTING STUDENTS FROM TEASER INTEREST RATES THAT LEAD TO HIGHER LONG-TERM COSTS. Nothing in this Act shall be construed to-- (1) authorize a student or parent borrower to be charged a teaser interest rate that entices the borrower with an initially low-interest rate that subsequently skyrockets, dramatically increasing the total amount of interest due on a Federal student loan for the student; (2) authorize an increase in the total cost of postsecondary education for students; (3) authorize false advertising that hides the true cost of any Federal student loan to a student or parent borrower, including possible interest rate increases from year-to-year, the total amount of interest that a borrower may owe on such loan, and the number of years that a borrower may take to repay such loan; or (4) limit the authority of the Secretary of Education to include in any disclosure related to interest rates that the Secretary is required to provide to a borrower for a loan made under part D of the Higher Education Act of 1965 (20 U.S.C.…”