Student Loan Interest Cap Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 9441 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 9441 To amend the Higher Education Act of 1965 to reduce the maximum interest rates for Federal Direct student loans, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES August 30, 2024 Mr. Moskowitz (for himself and Mrs. Luna) introduced the following bill; which was referred to the Committee on Education and the Workforce _______________________________________________________________________ A BILL To amend the Higher Education Act of 1965 to reduce the maximum interest rates for Federal Direct student loans, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Student Loan Interest Cap Act''. SEC. 2. REDUCTION OF MAXIMUM INTEREST RATES FOR FEDERAL DIRECT STUDENT LOANS. Section 455(b) of the Higher Education Act of 1965 (20 U.S.C. 1087e(b)) is amended-- (1) by redesignating paragraphs (9) and (10) as paragrap…