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Elizabeth Warren

pa28

(6,145 posts) Wed May 8, 2013, 12:44 PM May 2013

Sen. Warren introduces first bill: Extending to Students Same Interest Rates Enjoyed By Big Banks. [View all]

WASHINGTON, DC – In a speech delivered on the floor of the United States Senate today, Senator Elizabeth Warren called on Congress to stop student loan interest rates from doubling this summer and introduced her first piece of stand-alone legislation, which would allow students to pay the same interest rate on their government loans as big banks. On July 1st of this year, student loan interest rates are set to jump from 3.4 to 6.8 percent, while banks can borrow from the Federal Reserve’s discount window at a rate of approximately .75 percent.

http://www.warren.senate.gov/?p=press_release&id=81

WTG Senator! I doubt the bill will go anywhere but it will be really instructive to watch who tries to kill it and how.

28 replies

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Sen. Warren introduces first bill: Extending to Students Same Interest Rates Enjoyed By Big Banks. [View all] pa28 May 2013 OP

I like this woman! hedgehog May 2013 #1

If it weren't for Warren, Sanders, and Grayson I'd give up on congress completely. dballance May 2013 #2

All Congresscritters should vote to pass this bill because it's fair, it's just, and if banks BlueCaliDem May 2013 #3

He'd sign it if it reaches him. pa28 May 2013 #8

Bet they find a way to kill it... daleanime May 2013 #9

How do you know he'd sign this if it reached him? Sirveri May 2013 #21

Right on! gaspee May 2013 #4

Awesome. bayareamike May 2013 #5

Hopefully all. daleanime May 2013 #10

This woman rocks my world Autumn May 2013 #6

too late for me .. I pay 6.8% on my 120K student loan even though I have 800+ credit score srican69 May 2013 #7

A fair policy change would be retro-active applying to all current loans. Warren Stupidity May 2013 #12

I doubt if the pukes would allow that ... they hate us with a passion srican69 May 2013 #15

I love the idea, but really, it's a statement and not much else. Myrina May 2013 #11

Remember, this is the woman who willed the CFPB into law. MannyGoldstein May 2013 #19

HUGE K & R !!! WillyT May 2013 #13

Elizabeth Warren is simply a crumb tossed to us. OnyxCollie May 2013 #14

Yes!! SunSeeker May 2013 #16

Why can't we get 300 or so just like her in Congress in 2014? Scuba May 2013 #17

K & R snagglepuss May 2013 #18

Most likely it wont get to the floor. nm rhett o rick May 2013 #20

Student loans by the numbers TakeALeftTurn May 2013 #22

The beneficial ripples libdude May 2013 #23

Last year, student loan legislation offered a bipartisan opportunity for mischief. hay rick May 2013 #24

Lets hope someone else goes along with this. I like this woman. Paper Roses May 2013 #25

I sure could have used this 20 years ago vt_native May 2013 #26

Ms. Warren what a great and fair piece of legislation. dotymed May 2013 #27

Kicking an old thread. Laelth Nov 2013 #28