H. Res. 1386 is a House procedural resolution that sets up debate on H.R. 2003, the bill to lower the interest rate on Federal student loans to 2 percent. It does not change student loan terms itself; instead, it lets the House take up the underlying bill immediately, waives points of order, and limits debate to one hour. The resolution also preserves one motion to recommit before final passage. If adopted, it would move the student-loan interest-rate bill quickly through the House floor process.
What This Bill Does
- Lets the House immediately consider H.R. 2003.
- Waives all points of order against the bill and its provisions.
- Limits floor debate to one hour, equally divided.
- Allows one motion to recommit before final passage.
- Says clause 1(c) of rule XIX will not apply to H.R. 2003.
Who This Bill Affects
For most people, this resolution has no direct effect on their taxes, benefits, or eligibility because it is only a House procedure governing whether H.R. 2003 can be considered. Its concrete impact is on the pace of the student-loan debate: it waives procedural obstacles, allows one hour of debate, and sets up a possible vote on the bill that would lower Federal student loan interest rates to 2 percent. If you are a current or future Federal student loan borrower, the underlying bill could matter because it is aimed at reducing borrowing costs, but this resolution itself does not change loan terms.
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- Members who want a quick vote on lower student loan interest rates They would say the rule prevents procedural delays and gives the House a clean chance to debate H.R. 2003, which aims to lower Federal student loan interest rates to 2 percent. Supporters of the underlying bill may view that as timely relief for borrowers.
- Current and prospective Federal student loan borrowers They may favor any process that moves the 2 percent proposal forward because lower interest rates could reduce total repayment costs and make monthly debt easier to manage. Faster floor consideration increases the odds that the policy gets a vote.
- Higher education advocates They may argue that easier-to-manage loan costs can help students and families make college financing more predictable. A rule that advances the bill quickly helps keep attention on affordability.
- Members concerned about limiting floor scrutiny They may argue that waiving points of order and limiting debate to one hour reduces the House’s ability to thoroughly examine the bill. From that perspective, the rule is too restrictive for a measure affecting federal lending policy.
- Fiscal conservatives They may oppose fast-tracking a bill that could reduce federal revenue from student loan interest. Their concern would be that a 2 percent rate could increase costs for taxpayers or worsen the fiscal balance of the student loan program.
- Borrowers who fear future program changes rather than rate cuts Some may worry that focusing on a single interest-rate change does not address broader loan repayment issues such as principal balances, forgiveness rules, or administrative complexity. They may prefer broader reforms instead of a narrow floor rule.
Key Implications
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““The House shall proceed to the consideration... of the bill (H.R. 2003)”
This means the resolution is a floor rule designed to bring the student-loan bill up for immediate consideration rather than leaving it buried in committee or delayed by procedural hurdles.
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““All points of order against consideration of the bill are waived.””
Members cannot use certain parliamentary objections to stop the bill from being considered, which makes passage of the underlying measure procedurally easier.
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““One hour of debate equally divided and controlled””
Debate time is tightly limited, so supporters and opponents each get a set amount of time rather than an open-ended floor discussion.
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““One motion to recommit””
The minority retains one last chance to try to amend or send the bill back before final passage, a standard House protection in many rules resolutions.
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““Clause 1(c) of rule XIX shall not apply””
This removes another procedural restriction for the bill’s consideration, again signaling that the resolution is meant to streamline floor action.
Outlook
As a House rules resolution, this measure is likely to be agreed to if the majority wants to bring H.R. 2003 to the floor, because it simply governs debate and voting procedure rather than creating a new policy. It has already been referred to the House Committee on Rules, and the sponsor and cosponsor pattern suggests at least some support for moving the underlying student-loan bill quickly. The likely outcome is floor consideration of H.R. 2003, not final enactment of the 2 percent interest-rate change.
Official Source & Bill Facts
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- Bill
- HRES 1386
- Congress
- 119th Congress
- Official title
- 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.
- Policy area
- Education
- Latest action
- Referred to the House Committee on Rules. (June 24, 2026)
- Last updated
- June 25, 2026
Latest Status
June 24, 2026
Referred to the House Committee on Rules.
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