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Congress

Nelson renews call for Congress to cut student loan interest rates

Posted on May 9, 2018

Move comes as feds prepare to increase rates for second straight year

U.S. Sen. Bill Nelson (D-FL) is renewing his call on Congress to take up and pass legislation he filed to cut federal student loan interest rates and allow borrowers with existing loans to refinance those loans to a new lower rate.

The move comes as the federal government prepares to increase federal student loan interest rates for the second year in a row.

“Higher education is becoming unaffordable for low- and middle-income individuals, and the federal government shouldn’t be putting it further out of reach,” Nelson wrote in a letter to the leaders of the Senate Health, Education, Labor, and Pensions (HELP) committee today. “I strongly urge you to include S. 1521, the Student Loan Relief Act of 2017, as part of any upcoming Higher Education Act (HEA) reauthorization to help provide some much-needed relief to both future and past student borrowers across the country.”

Starting July 1, interest rates for new undergraduate student loans will be 5.045 percent, up from 4.45 percent this year. For graduate students, rates will increase to 6.595 percent, up from 6 percent. And rates for Federal PLUS loans be 7.595 percent, up from 7 percent.

Nelson filed legislation last summer to cap federal student loan interest rates for undergraduate students at 4 percent, graduate students at 5 percent, and PLUS loans at 6 percent. The legislation is currently pending before the Senate HELP committee.

More than 43 million Americans currently have outstanding student loan debt. In Florida alone, students graduating with a four-year degree leave college with more than $24,000 in student loan debt on average. Federal student loan interest rates are set annually, with new rates taking effect on July 1 of each year.

Under current law, federal student loan interest rates are fixed for the lifetime of the loan and cannot be refinanced, even if rates go lower. Nelson says lowering the interest rate caps and allowing borrowers to refinance their existing loans would help make higher education more affordable for students across the country.

A copy of the letter Nelson sent to the HELP committee today to urge them to take up and pass his bill is available here.

A copy of Nelson’s bill is available here.

Recent background article on the upcoming rate hikes:

Interest rates on federal student loans to rise again this year

By Michael Stratford
05/09/2018 01:29 PM EDT

The cost of borrowing money from the federal government to pay for college is set to increase for the second year in a row.

The interest rates on new federal student loans for the coming academic year will jump by more than half of a percentage point following the Treasury Department’s sale today of 10-year notes, which is the government security to which the rates are tied.

For new undergraduate student loans, the interest rate will increase to 5.045 percent, up from 4.45 percent.

The rate on direct loans for graduate students will rise to 6.595 percent from this year’s 6 percent.

And the interest rates on federal PLUS loans — both for graduate students or parents paying for their children’s education — will be 7.595 percent, up from the current 7 percent.

The new interest rates take effect on July 1 for the 2018-2019 school year and are fixed for the lifetime of the loan.

The changes don’t affect borrowers who already have federal student loans.

Filed Under: Featured Tagged With: Congress, Interest Rates, Sen. Bill Nelson, student loan

Nelson calls on Congress to act on gun reform

Posted on February 28, 2018

As students and teachers at Marjory Stoneman Douglass returned to school today for the first time since the shooting, U.S. Sen. Bill Nelson (D-FL) took to the Senate floor this evening to urge his colleagues to act on common sense gun reform measures.

“We’ve seen an entire community turn its grief and outrage into a massive call for change – and we’ve done nothing,” Nelson said. “If these brave young students who lost their fellow students and faculty aren’t enough to break through the gridlock here in Congress, what is it going to take?”

Nelson cosponsored legislation in the Senate that would, among other things, ban the sale, transfer or manufacture of semi-automatic assault rifles, such as the AR-15. It would also ban so-called “bump stocks” and high-capacity magazines that hold more than 10 rounds. Nelson, who has called on Congress to expand universal background checks, has also cosponsored legislation that would close the so-called “gun show loophole” by requiring a background check for the sale or transfer of any firearm, regardless of where it is purchased.

“Let’s not let what happened at Marjory Stoneman Douglas High fade into memory like so many other tragedies that have happened,” Nelson said. “Let’s do what so many before us have been unable to do – let’s take action. Let this massacre be the last massacre.”

Filed Under: Video Tagged With: Congress, gun reform, Senator Bill Nelson

Nelson calls on Congress to enact common sense gun reforms in wake of Parkland shooting

Posted on February 26, 2018

U.S. Sen. Bill Nelson (D-FL) today called on Congress to enact common sense gun-control measures in the wake of the Feb. 14 Parkland school shooting.

In a speech on the Senate floor late Monday, Nelson urged his colleagues to take up and pass legislation to ban semi-automatic assault rifles, like the AR-15 , and expand the use of comprehensive background checks for anyone acquiring a firearm.

“What happened at Marjory Stoneman Douglas shouldn’t happen anywhere in this country,” Nelson said. “And now it is up to us to make sure it never happens again.”

Nelson cosponsored legislation that would, among other things, ban the sale, transfer or manufacture of semi-automatic assault rifles, such as the AR-15. The legislation would also ban so-called “bump stocks” and high-capacity magazines that hold more than 10 rounds.

Nelson is also a cosponsor of a separate piece of legislation that would close the so-called “gun-show loophole” by requiring a background check for the sale or transfer of any firearm, regardless of where it is purchased.

“It’s time for us to come together and enact common sense gun measures to keep our communities safe,” Nelson said. “It’s time to for us to come together, not as Republicans or Democrats, but to come together as human beings.”

“Let’s use this tragedy as the catalyst to enact real change in our society,” Nelson said. “Let’s make what happened at Marjory Stoneman Douglas High School a significant moment in our country’s history – not because it was one of the largest mass shootings – but because it was the last.”

Filed Under: Video Tagged With: common sense, Congress, gun reforms, Marjory Stoneman Douglas High School, Parkland shooting, Senator Bill Nelson

Nelson calls on Congress to act following Parkland school shooting

Posted on February 15, 2018

U.S. Sen. Bill Nelson (D-FL) spoke today on the Senate floor about the tragic shooting at Marjory Douglas Stoneman High School in Parkland, Florida.

“At some point, we’ve got to say enough is enough,” Nelson said. “At some point we, as a society, have to come together and put a stop to this.”

“To those who say it’s not the time to talk about gun violence because it’s too soon, we don’t want to politicize right after a tragedy … then I would ask, when is the right time?” Nelson said. “How many more times do we want to do this? How many more folks have to die?”

“Let’s have the conversation about this right now – not just about mental illness, and that’s part of it, not just about protection at our schools, and that’s part of it – let’s get to the root cause … let’s get these assault weapons off our streets,” Nelson said.

“Let’s just not talk about it. Let’s do something about it,” Nelson said. “Let’s make what happened at Marjory Stoneman Douglas High School a pivotal moment in this country’s history, not because it was one of the largest mass shootings – but, hopefully, because it was the last.”

Following is a rush transcript of his speech:

U.S. Sen. Bill Nelson
Remarks on the Senate Floor
February 15, 2018

Sen. Nelson: Mr. President, those were all our children.

Those of us who are parents, you can imagine the parents of those children wondering what else can be done.

Because yesterday a former student at Marjory Stoneman Douglas High School in northern Broward County, Parkland, Florida, walked on to the campus with a gas mask, smoke grenades, and carrying an AR-15 assault rifle. He pulled the fire alarm. He waited for the students to come out into the hallway and he opened fire.

And as a result, 17 families are grieving. Their worst fears have become reality, and more than a dozen other students who were injured, they’re in the hospital and some of them in critical condition.

At some point, we’ve got to say enough is enough. At some point, we as a society have got to come together and put a stop to this. This senator grew up on a ranch. I have hunted all my life. I have had guns all my life.

I still hunt with my son. But an AR-15 is not for hunting. It’s for killing. But despite these horrific events that are occurring over and over, these tragedies have led so many of us to come right here to this floor and to beg our colleagues to take commonsense actions that we all know will help protect our children and our fellow citizens from these kind of tragedies. And we get nowhere.

So when is enough going to be enough?

Sandy Hook elementary, 20 students killed. That wasn’t enough.

The Pulse nightclub in Orlando, 49 people killed, a terrorist. That wasn’t enough.

Las Vegas, 58 people killed, that wasn’t enough.

Or just a year ago in the same county as the Parkland murders, Broward county, Fort Lauderdale airport, five people killed. That wasn’t enough.

Now this high school, 17 killed, some as young as 14 years old. So when is enough going to be enough?

This senator has spoken to local officials on the ground. I’ve spoken to the superintendent of the schools who in his own way is going through the grieving process.

I’ve spoken to the F.B.I. I’ve spoken to the sheriff’s department to make sure that they have everything they need, but when I finish talking to these folks and as we get through with the Dreamer legislation today, I’m headed down there and when I go to the hospital and see the families and see the hospital victims, all I can thank is how many more times are we going to have to go through this?

And those families are going to say to me, when is enough, enough?

To those who say now that it’s not the time to talk about gun violence because it’s too soon, we don’t want to politicize right after a tragedy, that’s what is said over and over. Then I would ask, when is the time?

If now is not the right time, when is the right time? After the next shooting? Or after the one that’s going to come after that? Because these are not going to stop unless we change ourselves as a culture.

How many more times do we have to do this? How many more folks have to die? When is enough going to be enough?

So let’s don’t hide from it. Let’s have a conversation about this right now, not just about mental illness and that’s part of it, not just about protection at our schools and that’s part of it.

Let’s get to the root cause. Let’s come together and help end this violence.

Let’s talk about that 19-year-old carrying an AR-15. Let’s do what needs to be done and let’s get these assault weapons off our streets. Let’s accomplish something on background checks.

My state passed a constitutional amendment, Florida, 1998. Background checks have to be done in the purchase of a gun. It’s never been implemented totally and it’s never been enforced. A simple background check.

The terrorist that killed 49 in Orlando at the Pulse nightclub, he had been on the terrorist watch list. If we’d have had a background check there, he wasn’t on it but maybe in a background check, we ought to include those who had been on a terrorist watch list.

Let’s have a conversation about this.

Oh, and do you remember a couple of years ago there was a proposal on the floor that if you’re on the terrorist watch list, you can’t buy a gun. That’s pretty common sense. We won’t let them get on an airplane because we don’t want them taking down a commercial airliner. But they don’t have a restriction of buying a gun.

So let’s get at the root cause of this issue. Let’s do what we all know needs to be done. And let’s do it now, not later.

Let’s just not talk about it. Let’s do something about it.

Let’s make what happened at Marjory Stoneman Douglas High School a pivotal moment in this country’s history, not because it was one of the largest mass shootings, but hopefully because it was the last.

It’s with a heavy heart, Madam President, I yield the floor.

Filed Under: Video Tagged With: Congress, Florida, Marjory Douglas Stoneman High School, Parkland, School Shooting, Senator Bill Nelson

Congress Approves Emergency FEMA Funding

Posted on September 8, 2017


The U.S. House of Representatives today passed $15.25 billion in emergency funding to address those impacted by hurricanes. The bill includes $7.4 billion for the Federal Emergency Management Agency Disaster Relief Fund, $7.4 billion for Community Development Block grants to be used in the wake of hurricanes and $450 million for the Small Business Administration Disaster Loan Program.
“With FEMA set to run out of money today, this emergency funding is a strong and necessary step in the right direction,” Rep. Mast said. “Although I’m returning to Florida to be with our community during Hurricane Irma, I will not stop fighting for the resources we need to address this devastating storm.”
According to FEMA’s Administrator Long, the agency is currently spending between $150 to $200 million per day, and had a Disaster Relief Fund balance of $917 million, with $461 million in the Majors account and $456 million in the Base account (as of Thursday, September 7, 2017). Even with the addition of the Congress-passed $7.85 billion, FEMA estimates that it will only be able to continue providing support and relief efforts through September 30, 2017.
Members of the Florida Congressional Delegation will today be sending a letter to leadership of the U.S. House of Representatives calling on them to vote on additional resources for FEMA’s Disaster Relief Fund.
“With a full legislative agenda pending this month, it is imperative that the House can reassure our constituents and our local governments that there will be adequate funding to address their critical needs during and after this devastating natural disaster,” the letter reads. “Once again, we urge your immediate consideration of additional emergency funding for FEMA to continue servicing disaster events.”
Rep. Mast also addressed the broader package, which includes a 3-month debt ceiling extension and a 3-month continuing resolution:
“It was wrong to attach must-pass funding for FEMA to the debt ceiling and continuing resolution. I do not support raising the debt ceiling without reforming the broken system that has led to out-of-control spending, but this FEMA funding is too critical for Florida to allow this bill to fail, which is why I stayed to vote on it.”
The bill has already been passed by the Senate and now heads to the President’s desk for a signature.

Filed Under: Featured Tagged With: Congress, Emergency Funding, FEMA, Rep. Brian Mast

Nelson, Rubio call on Congress to approve additional funding for Hurricane Irma

Posted on September 6, 2017

U.S. Sens. Bill Nelson (D-FL) and Marco Rubio (R-FL) are calling on Senate leaders to include additional funding in a $7.85 billion disaster aid package the House passed earlier today for Hurricane Harvey to “account for the additional costs FEMA will likely incur responding to Hurricane Irma.”
“Hurricane Irma is now one of the most powerful hurricanes ever recorded in the Atlantic Ocean and is currently on track to make landfall in South Florida as early as Sunday,” the lawmakers wrote in a letter today to Senate Majority Leader Mitch McConnell and Minority Leader Charles Schumer. “This massive category-5 storm has the potential to cause catastrophic destruction throughout the state and we are deeply concerned that the Federal Emergency Management Agency (FEMA) will not have the resources it needs to respond if Congress doesn’t act soon.”
Following is the full text of the senators’ letter:

September 6, 2017

The Honorable Mitch McConnell
Majority Leader
S-230, U.S. Capitol
Washington, DC 20510
The Honorable Charles Schumer
Minority Leader
S-221, U.S. Capitol
Washington, DC 20510
Dear Majority Leader McConnell and Minority Leader Schumer:
Hurricane Irma is now one of the most powerful hurricanes ever recorded in the Atlantic Ocean and is currently on track to make landfall in South Florida as early as Sunday. This massive category-5 storm has the potential to cause catastrophic destruction throughout the state and we are deeply concerned that the Federal Emergency Management Agency (FEMA) will not have the resources it needs to respond if Congress doesn’t act soon.
As of right now, FEMA is scheduled to run out of money by Friday, Sept. 8, just two days before Hurricane Irma is expected to hit Florida. Unfortunately, the current disaster relief package Congress is considering for Hurricane Harvey doesn’t account for the additional costs FEMA will likely incur as a result of Hurricane Irma. In fact, according to FEMA, even with the Harvey supplemental aid package, FEMA is likely to run out of funds before the end of September.
As Floridians are preparing for one of the worst storms on record, they need to know that the federal government is both ready and willing to direct the necessary resources needed to help them in the recovery process. As such, we strongly urge you to include additional funding in the Hurricane Harvey aid package to account for the additional costs FEMA will likely incur responding to Hurricane Irma.
Thank you for your prompt attention to this matter.

Sincerely,

Filed Under: Featured Tagged With: Additional Funding, Congress, Hurricane Irma, Senator Bill Nelson, Senator Marco Rubio

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