Will the House pass a cap on federal student loan interest rates?: Will a bill capping federal student loan interest rates passed the House before Dec 12, 2026?

If a bill capping federal student loan interest rates has passed the House after Issuance and before Dec 12, 2026, then the market resolves to Yes. A qualifying bill is legislation that would set, for at least one category of federal student loan, a maximum interest rate lower than the maximum applicable to that category under the law in force on the Issuance date. A rate of zero qualifies. Legislation that re-enacts or technically amends the existing maximums without lowering any of them does NOT qualify, and neither does a cap on fees, monthly payments or total repayment. The measure must pass the full House by any means, including voice vote, unanimous consent, suspension of the rules, a special rule or a discharge petition. It may be any vehicle, including a larger package whose text as passed contains a qualifying cap. Committee approval, a rule providing for consideration, or a discharge petition reaching 218 signatures without passage does NOT count. Senate passage, enactment, and a cap imposed by regulation rather than by the House do NOT count.