Providing for the consideration of the bill (H.R. 2003) to amend the Higher Education Act of 1965 to lower the interest rate on Federal student loans to 2 percent.

Bill Number

H.Res. 1386

Origin Chamber

House

Congress

119th Congress, Session 2

Status

Introduced

Latest Action

2026-06-24: Referred to the House Committee on Rules.

Last Updated

2026-06-25T08:48:32Z

AI-Generated Summary

Summary of H. Res. 1386

Purpose

This resolution sets special rules to allow the House of Representatives to quickly consider H.R. 2003, a bill that would change federal law to reduce the interest rate on federal student loans to 2 percent.

Key Provisions

• The House must immediately begin considering H.R. 2003 once the resolution is adopted.
• All procedural objections to debating or passing the bill are removed.
• The bill is treated as already read in full, with no need for further reading.
• All objections to specific parts of the bill are waived.
• Debate is limited to one hour, split equally between the majority and minority leaders of the House Committee on Education and Workforce.
• After debate, the House proceeds directly to a final vote, with only one allowed motion to send the bill back to committee.
• A specific House rule (Clause 1(c) of rule XIX) is suspended for this bill.

Significant Changes to Existing Law

This resolution does not alter the Higher Education Act of 1965 or any other law. Instead, it changes standard House procedures for this single bill by waiving normal rules and limiting debate and amendments.

Potential Impacts

• Government agencies: The Department of Education would need to update systems for managing federal student loans if H.R. 2003 passes.
• Citizens: Borrowers with federal student loans could see lower interest charges, reducing overall repayment amounts.
• International relations: No direct effects identified in the resolution.

Main Stakeholders Affected

• Current and future federal student loan borrowers.
• The House Committee on Education and Workforce.
• Members of the House of Representatives.
• The Department of Education.

Notable Legal, Constitutional, or Political Implications

The resolution uses special procedural tools to bypass typical House review processes, which can speed up votes but limits opportunities for amendments or extended discussion. This approach is common for targeted legislative priorities but may affect how bills are typically debated under House rules.

This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.

Sponsor

Rep. Luna, Anna Paulina [R-FL-13]

Cosponsors (1)

Rep. Moskowitz, Jared [D-FL-23]

Recent Actions

• 2026-06-24: Referred to the House Committee on Rules.
• 2026-06-24: Submitted in House

Bill Versions

• Providing for the consideration of the bill (H.R. 2003) to amend the Higher Education Act of 1965 to lower the interest rate on Federal student loans to 2 percent. — issued 2026-06-24 — PDF (2 pages)