PSI Sci
New here? Follow the money and the votes · Not sure of your district? Find your U.S. House member · Find your state legislators

H.R. 5150: Reverse the Raid on Student Aid Act of 2006

Before you vote › Federal bills

H.R. 5150: Reverse the Raid on Student Aid Act of 2006

109th Congress · introduced 2006-04-06 · Education · Latest: Referred to the Subcommittee on 21st Century Competitiveness.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2006-04-06 · official record
  2. Who proposed it: Rep. Miller, George [D-CA-7] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the Subcommittee on 21st Century Competitiveness. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Reverse the Raid on Student Aid Act of 2006

Plain summary

Reverse the Raid on Student Aid Act of 2006 - Amends the Higher Education Act of 1965 to cut student loan interest rates to 3.4% for student borrowers and 4.25% for parent borrowers under the Federal Family Education Loan (FFEL) and William D. Ford Direct Loan programs for loans whose first disbursement is made on or after July 1, 2006. Maintains the current 6.8% interest rate, however, for unsubsidized Stafford loans for middle-income borrowers under such programs.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Reverse the Raid on Student Aid Act of 2006

Source: Congressional Research Service summary (Introduced in House)

AI explanation – may be wrong, check the official text

No AI explanation yet. It takes up to a minute to write and is then saved for everyone.

Limited to a few requests an hour per person.

The strongest published arguments

Arguments for (supporters)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Arguments against (opponents)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Alternatives

Needs sources: no published alternatives yet (for example a different bill, a law instead of an amendment, or keeping current law). We only show items backed by a published source. Suggest one.

How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Miller, George [D-CA-7] · 69 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Betty McCollum (D-MN), Robert C. "Bobby" Scott (D-VA), Frank Pallone, Jr. (D-NJ), Chris Van Hollen (D-MD), Nancy Pelosi (D-CA), Emanuel Cleaver (D-MO), Rosa L. DeLauro (D-CT), Danny K. Davis (D-IL), Doris O. Matsui (D-CA), Jerrold Nadler (D-NY), Marcy Kaptur (D-OH), Al Green (D-TX), Zoe Lofgren (D-CA), Debbie Wasserman Schultz (D-FL), James P. McGovern (D-MA) and 9 more.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Sources

Record fed-us-cong109-hr5150 · catalog fed-us-congress-bills-cong109 · updated 2026-11-15 by psicol fed-bills-cong109