I demand a recorded vote. The Acting CHAIR. Pursuant to clause 6 of rule XVIII, further proceedings on the amendment offered by the gentleman from North Carolina will be postponed. {time} 1445 Amendment No. 3 in the Nature of a Substitute Offered by Mr. Stutzman The Acting CHAIR. It is now in order to consider amendment No. 3 printed in House Report 114-49.
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The sweeping changes to the federal student loan system originating from that law are compounding the issues that have risen from the dismantling of the Education Department.
Treasury has no expertise serving students or institutions of higher education or monitoring servicers for accuracy.
Codifying this new system without assessing its effectiveness just doesn’t make any sense.
Will actually contribute to the creation of miles of bureaucratic red tape, inconsistent education policy and enforcement across the federal government and a significant waste of the taxpayers’ money.
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