Legislative Activity House to Vote on Financial Services Appropriations Bill as Hensarling Pushes Plan to Replace Dodd-Frank This week, the House is expected to consider the FY 2017 Financial Services and General Government Appropriations Act, which passed out of Committee largely along partisan lines and contains various provisions that would peel back certain aspects of … Continue Reading
Legislative Activity Student Loan Interest Rates A bipartisan group of senators, led Majority Whip Dick Durbin (D-IL), announced another agreement on student loan interest rates last week. The deal, which represents a new scheme that shifts to market-driven variable interest rates, was announced after Sen. Tom Harkin (D-IA) ultimately agreed to support it. According to reports, … Continue Reading
Legislative Activity Student Loan Reform Senators continue to work on a bipartisan deal to address federally subsidized student loan interest rates, which expire July 1. The long-term deal, which is expected to (1) peg the rates to the 10-year Treasury bill, (2) include a consolidated rate cap – something Democrats have called “non-negotiable,” and (3) … Continue Reading