This decides how quickly and under what limited debate rules Congress can vote on a bill proposing to cut federal student loan interest rates.
Orders immediate floor consideration of H.R.2003, the bill to lower federal student loan interest rates to 2 percent.
Waives all points of order against consideration and against provisions in the bill, preventing procedural objections.
Limits debate to one hour, equally divided and controlled by the Education and Workforce Committee chair and ranking minority member (or their designees).
Orders the previous question and allows only one motion to recommit; also suspends Clause 1(c) of House Rule XIX for this bill.
No hearings or votes scheduled.