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May 26, 2014
05/14
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senator jack reed tweeting this out -- proper flag etiquette also requires flying the flag in pristine condition. the flag should not be tattered and the colors should be vibrant, not faded. , at from senator jack reed former army ranger, one of eight senators who graduated from west point, tweeting that out this morning about flag etiquette on this memorial day. we have our cameras, the world war ii memorial on the national mall today. we are getting your thoughts on what this means to you. senator orrin hatch tweeted this ve-- we want to get your thought on this. we have fixed experiencing some technical issues. we will get your phone calls and thoughts here in just a minute. on twitter, peg says this. what are your thoughts? here is the state in south carolina. coming home, remembering our heroes who died. this is the front page of "the state" newspaper with the pictures of the hundred 14. they came from cities as large as columbia and charleston, and small hamlets such as large. they all shared one thing, they were heroes. also, here at the "times picayune. " also this morning from
senator jack reed tweeting this out -- proper flag etiquette also requires flying the flag in pristine condition. the flag should not be tattered and the colors should be vibrant, not faded. , at from senator jack reed former army ranger, one of eight senators who graduated from west point, tweeting that out this morning about flag etiquette on this memorial day. we have our cameras, the world war ii memorial on the national mall today. we are getting your thoughts on what this means to you....
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May 31, 2014
05/14
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it's a book that senator jack reed gave to me when i came to the senate, and and i've been putting it off for too long, and i've always had a real interest given new mexico's history and our role in the nuclear deterrent looking forward at this very-changing post-cold war land scape of regional nuclear powers. what does that mean for our policy. and so i'm looking forward to seeing what he has to say and, hopefully, he has some answers along the way as well. >> what are you reading this summer? tell us what's on your summer reading list. tweet us @booktv, post it to our facebook page or send us an e-mail, booktv to the c-span.org. booktv at crushes span.org. >> one of the stories that i, that resonated with me was the moment when they're dithering about whether or not they need to inject seawater into unit one. and it's a matter of, the clock is ticking, and they're just about down to the wire. and yushida, i think that's how you pronounce his name, the plant superintendent -- who, in the end, would have to make the final call -- knows that it's desperate. they need to get water in th
it's a book that senator jack reed gave to me when i came to the senate, and and i've been putting it off for too long, and i've always had a real interest given new mexico's history and our role in the nuclear deterrent looking forward at this very-changing post-cold war land scape of regional nuclear powers. what does that mean for our policy. and so i'm looking forward to seeing what he has to say and, hopefully, he has some answers along the way as well. >> what are you reading this...
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May 14, 2014
05/14
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i was joining senator elizabeth warren of massachusetts and jack reed of rhode island, in fact, 24 whose oost to introduce the bank on students emergency loan refinancing act. why are we talking about student loans? ask working families. ask the kids why we're talking about it. because there is more student loan debt in america today than there is credit card debt. it's huge. it's growing. if you finished college a few years back, like me, and had a student loan loan that worried you, you wouldn't be what students are facing today. the average student coming out of college $25,000 in debt. imagine sitting down at the desk in the college admissions office at age 19 as they push the papers across the desk to you and ask you to sign up for $10,000, $15,000, $20,000 in loans so you can start your class on monday. there you sit, $20,000 in loans to start my class on monday? and you're 19 years old. wait a minute, mom and dad have to cosign with you. and that's not unusual. so that now it is a family debt. i had a press conference in chicago, madam president, on monday. this wonderful woman ca
i was joining senator elizabeth warren of massachusetts and jack reed of rhode island, in fact, 24 whose oost to introduce the bank on students emergency loan refinancing act. why are we talking about student loans? ask working families. ask the kids why we're talking about it. because there is more student loan debt in america today than there is credit card debt. it's huge. it's growing. if you finished college a few years back, like me, and had a student loan loan that worried you, you...
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May 28, 2014
05/14
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acknowledge the army's leadership, general mccue, secretary mccue and general as well as senator jack reed who is here as a proud graduate of west point himself. to the class of 2014, i congratulate you on taking your place on the long gray line. among you is the first all-female command team, erin mallin and austin b.a.r.t. and you have a rhodes scholar and josh herbeck proves that west point accuracy extends beyond the three-point line. to the entire class, let me reassure you at these final hours at west point, as commander in chief, i hereby absolve all cadets on restriction for minor conduct offenses. [ laughter ] [ applause ] >> let me just add that nobody ever did that for me when i was in school. i know you join me in extending a word of thanks to your families. joe demoss, whose son, james, is graduating, spoke for a whole lot of parents when he wrote me a letter about the sacrifices you've made. deep inside, he wrote, we want to explode with pride in what they are committing to do in the service of our country. like several graduates, james is a combat veteran, and i would ask al
acknowledge the army's leadership, general mccue, secretary mccue and general as well as senator jack reed who is here as a proud graduate of west point himself. to the class of 2014, i congratulate you on taking your place on the long gray line. among you is the first all-female command team, erin mallin and austin b.a.r.t. and you have a rhodes scholar and josh herbeck proves that west point accuracy extends beyond the three-point line. to the entire class, let me reassure you at these final...
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May 20, 2014
05/14
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jack reed has a bill that if your school keeps sinking students deep in debt and they can't get out of it, eventually the school has to accept responsibility, financial responsibility. that will get their attention. but the big bill of the three comes from elizabeth warren, and we're joining her to refinance college debt, refinance college debt at lower interest rates, bring them down from 7%, 8%, 9%, 10% to the 3.8%. does it make a difference? anybody who has ever had a home mortgage will tell you it does. lower that interest rate to 3.8%, finally some of these families and students can start paying off the principal on the student loan and put it behind them. consolidate the loans at lower interest rates. that's what our bill says. oh, senator, great idea. who is going to pay for this? tell you exactly how we'll pay for it, exactly. does the name warren buffett ring a bell? one of the richest men in america? the seer of omaha, berkshire hathaway. he came to congress a few years ago and said something's wrong with the tax code. you know what's wrong with it? warren buffett is paying a
jack reed has a bill that if your school keeps sinking students deep in debt and they can't get out of it, eventually the school has to accept responsibility, financial responsibility. that will get their attention. but the big bill of the three comes from elizabeth warren, and we're joining her to refinance college debt, refinance college debt at lower interest rates, bring them down from 7%, 8%, 9%, 10% to the 3.8%. does it make a difference? anybody who has ever had a home mortgage will tell...
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May 7, 2014
05/14
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secondly, jack reed of rhode island. his bill basically says that university has a vested interest in making sure that you don't borrow too darn much money. that you don't get so deeply in debt you can never pay it back. that university, if they don't accept that responsibility, could be on the line themselves for some of that ebbet d debt. think they'll take it a little more seriously? you bet they will. that's the reed bill, which i'm cosponsoring. and the third tile bill bill -- i would like to defer to the senator from mass -- is one that i think is really a critical element in this approach to dealing with student loans and student debt, and if, through the permission ofchair, i would like to enter into a dialogue with the senator from massachusetts. the presiding officer: without objection. mr. durbin: i would like to at this point yield to the senator from massachusetts to describe, if you will, for the record your refinancing proposal. ms. warren: so -- the presiding officer: without objection. rein i wantms. war
secondly, jack reed of rhode island. his bill basically says that university has a vested interest in making sure that you don't borrow too darn much money. that you don't get so deeply in debt you can never pay it back. that university, if they don't accept that responsibility, could be on the line themselves for some of that ebbet d debt. think they'll take it a little more seriously? you bet they will. that's the reed bill, which i'm cosponsoring. and the third tile bill bill -- i would like...
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May 24, 2014
05/14
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just this week, cosponsor democratic senator jack reed tried again to make the case for the nearly 2.8illion americans who have been affected and this comes as two new studies undermine and disprove the rationale of those who say extending unemployment insurance actually discourages people from finding work. and lastly in detroit, the koch brothers backed americans for prosperity is fighting a state measure that would restore pension benefits to city retires who are left high and dry when the city filed for bankruptcy. so, how is it that the idea that pensioners don't deserve their pensions after a life of hard work and the long-term unemployed don't deserve help while they're actually looking for work? how is that good for anyone? my panel is back, and bob, i'll start with you, talking about detroit. a lot of us have covered this story about the demise of detroit and we're talking about municipal workers, cops, firefighters, and we're talking about a huge loss in their pensions. there's in deal on the table, money coming from lansing, and afp says, which is the koch-backed organizatio
just this week, cosponsor democratic senator jack reed tried again to make the case for the nearly 2.8illion americans who have been affected and this comes as two new studies undermine and disprove the rationale of those who say extending unemployment insurance actually discourages people from finding work. and lastly in detroit, the koch brothers backed americans for prosperity is fighting a state measure that would restore pension benefits to city retires who are left high and dry when the...
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May 28, 2014
05/14
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senator jack reed is here and a proud graduate of west point, himself. 2014 i congratulate you on takingace. among you is the first all-female command team. you have a rhodes scholar. extendsnt accuracy beyond the 3.0. the entire class, let me reassure you, in these final hours at west point, as and -- forn-chief, minor conduct offenses. [laughter] [applause] nobody ever did that for me when i was in school. i know you join me in extending a word of thanks to your families. joe, whose son, james, is graduating, spoke for a whole lot of parents when he wrote me a letter about the sacrifices you have made. inside, he wrote, we want to explode with pride with what they are committing to do. james is a combat veteran. i would ask all of us to stand and pay tribute to the veterans among us, but to the more than 2.5 million americans who have served in iraq and afghanistan, as well as their families. [applause] this is a useful time for america to reflect on those who sacrificed so much for our freedom. a few days after memorial day. class tohe first graduate since 9/11, who may not be sent in
senator jack reed is here and a proud graduate of west point, himself. 2014 i congratulate you on takingace. among you is the first all-female command team. you have a rhodes scholar. extendsnt accuracy beyond the 3.0. the entire class, let me reassure you, in these final hours at west point, as and -- forn-chief, minor conduct offenses. [laughter] [applause] nobody ever did that for me when i was in school. i know you join me in extending a word of thanks to your families. joe, whose son,...
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May 13, 2014
05/14
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jack reed. yes. we have got you. sorry. .. >> >> en execution and plan that it was asked to do than years ago from the energy policy act of 2005. by a understand officials of the department concurred with the findings and they estimated the department would complete each action by july 31st of this year. it is about three months away from the day in response i have three questions on this topic. but the first is his is the department on track to complete these actions on schedule? as conferred with the energy policy act? >> we will certainly try. yesterday we brought on board had outstanding senior adviser for technology transfer and we have sat down and ready to lay out some myth that is promising to hear. >> will the deal we comply with the 0.9% technology transfer that the report that the doe had not done in past years? >> this is correct. the program did implement that for one year but looking forward we like to work force you and others as to how we implement that. there is a little ambiguity how:a signs that fu
jack reed. yes. we have got you. sorry. .. >> >> en execution and plan that it was asked to do than years ago from the energy policy act of 2005. by a understand officials of the department concurred with the findings and they estimated the department would complete each action by july 31st of this year. it is about three months away from the day in response i have three questions on this topic. but the first is his is the department on track to complete these actions on schedule?...
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May 28, 2014
05/14
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general mccue, secretary mccue and general nofsh and senator jack reed who is a graduate from west pointto the class of 2014, i say congrats on taking your place on the line. among them is the first all female command team. you have a road scholar as well. and josh her beck proves that west point accuracy extends beyond the three point line. let me assure you as command and chief that i hereby let go all of the people on probation for minor offenses. [ applause ] let me add that no body did that for me when i was in school. i know you joined me in extending a word of thanks to your families. joe demoss, whose son james is graduating, spoke for a lot of parents when he wrote me a letter about the sacrifices he made. deep inside he wrote, he want to explode with pride at what they are committing to in the service of our country. several graduates -- like several graduates, james is a combat veteran. and i would ask all of us to stand and pray tribute to the veterans and the 2.5 americans who have served in iraq and afghanistan as well as their families. [ applause ] >> this particular usef
general mccue, secretary mccue and general nofsh and senator jack reed who is a graduate from west pointto the class of 2014, i say congrats on taking your place on the line. among them is the first all female command team. you have a road scholar as well. and josh her beck proves that west point accuracy extends beyond the three point line. let me assure you as command and chief that i hereby let go all of the people on probation for minor offenses. [ applause ] let me add that no body did...
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May 1, 2014
05/14
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in fact, senator jack reed of rhode island actually covered a military promotion ceremony which was really special for me -- for him to do and special for everyone involved, so i thank him for that. and many, many, many of my colleagues have offered to help. also, we have had people from outside of arkansas who have reached out. i know our governor has fielded calls from a number of other governors from around the country, and our emergency management people have been reached out to by other emergency management folks. you know, another phenomenon that's happened in our state, we neighbor several states who have gone through this before. one of those is missouri. i see my colleague from missouri here in the chamber today. people from missouri came down and helped. people from oklahoma came down and helped. of course we helped those states in their time of need, and it was so reassuring and so appreciated that those folks would come, those previous storm victims would come to arkansas and help us. we really, really do mean that. we appreciate it very much. and of course the federal official
in fact, senator jack reed of rhode island actually covered a military promotion ceremony which was really special for me -- for him to do and special for everyone involved, so i thank him for that. and many, many, many of my colleagues have offered to help. also, we have had people from outside of arkansas who have reached out. i know our governor has fielded calls from a number of other governors from around the country, and our emergency management people have been reached out to by other...
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May 28, 2014
05/14
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acknowledge the army's leadership, general mchugh, secretary mchugh, general odierno as well as senator jack reed a proud graduate of west point himself. to the class of 2014, i congratulate you on taking your place on the long gray line. among you is the first .ll-female command team, erin you have a rhodes scholar. and josh proves that west point accuracy extends beyond the three-point line. to the entire class, let me reassure you in these final hours at west point, as commander in chief, i hereby absolve all cadets who are on estriction for minor conduct offenses. [applause] let me just add that nobody ever did that for me when i was in school. [laughter] i know you join me in extending a word of thanks to your families. joe, whose son, james, is graduating, spoke for a whole lot of parents when he wrote me letter about the sacrifices you've made. deep inside, he wrote, we want to explode with pride at what they are committing to do in the service of our country. like several graduates, james is a combat veteran, and i would ask all of us here today to stand and pay tribute not only to the ve
acknowledge the army's leadership, general mchugh, secretary mchugh, general odierno as well as senator jack reed a proud graduate of west point himself. to the class of 2014, i congratulate you on taking your place on the long gray line. among you is the first .ll-female command team, erin you have a rhodes scholar. and josh proves that west point accuracy extends beyond the three-point line. to the entire class, let me reassure you in these final hours at west point, as commander in chief, i...
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May 23, 2014
05/14
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provisions of rule 1, paragraph 3, of the standing rules of the senate, i hereby appoint the honorable jack reed, a senator from the state of rhode island, to perform the duties of the chair. signed: patrick j. leahy, president pro tempore. the presiding officer: under the previous order, the senate stands adjourned until 12:00 stands adjourned until 12:00 legislative work picking up again the week of june 2. more coverage when they have all comes down on c-span2. we will go live to the heritage foundation a panel discussion scheduled on the upcoming presidential elections in ukraine set for this sunday may 25. citizens will vote for the successor to a place be ousted president that fled to russia back in february. topic expected to be discussed include involvement in ukraine, security concerns during the election and policy implications with the u.s.. let's go to the coverage under way right now on c-span2. >>> [inaudible conversations] [inaudible conversations] [inaudible conversations] >> good morning ladies and gentlemen. welcome to the heritage foundation and the louis lehrman auditorium an
provisions of rule 1, paragraph 3, of the standing rules of the senate, i hereby appoint the honorable jack reed, a senator from the state of rhode island, to perform the duties of the chair. signed: patrick j. leahy, president pro tempore. the presiding officer: under the previous order, the senate stands adjourned until 12:00 stands adjourned until 12:00 legislative work picking up again the week of june 2. more coverage when they have all comes down on c-span2. we will go live to the...
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May 28, 2014
05/14
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acknowledge the army's leadership, general mchugh, secretary mchugh, general odierno as well as senator jack reed who is here and a proud graduate of west point himself. to the class of 2014, i congratulate you on taking your place on the long gray line. among you is the first all-female command team, erin. you have a rhodes scholar. and josh proves that west point accuracy extends beyond the hree-point line. to the entire class, let me reassure you in these final hours at west point, as commander in chief, i hereby absolve all cadets who are on restriction for minor conduct offenses. [applause] let me just add that nobody ever did that for me when i was in school. [laughter] i know you join me in extending a word of thanks to your amilies. joe, whose son, james, is graduating, spoke for a whole lot of parents when he wrote me letter about the sacrifices you've made. deep inside, he wrote, we want to explode with pride at what they are committing to do in he service of our country. like several graduates, james is a combat veteran, and i would ask all of us here today to stand and pay tribute not
acknowledge the army's leadership, general mchugh, secretary mchugh, general odierno as well as senator jack reed who is here and a proud graduate of west point himself. to the class of 2014, i congratulate you on taking your place on the long gray line. among you is the first all-female command team, erin. you have a rhodes scholar. and josh proves that west point accuracy extends beyond the hree-point line. to the entire class, let me reassure you in these final hours at west point, as...
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May 23, 2014
05/14
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provisions of rule 1, paragraph 3, of the standing rules of the senate, i hereby appoint the honorable jack reedfrom the state of rhode island, to perform the duties of the chair. signed: patrick j. leahy, president pro tempore. the presiding officer: under the previous order, the senate stands adjourned until 12:00 stands adjourned until 12:00 legislative work picking up again the week of june 2. more ca
provisions of rule 1, paragraph 3, of the standing rules of the senate, i hereby appoint the honorable jack reedfrom the state of rhode island, to perform the duties of the chair. signed: patrick j. leahy, president pro tempore. the presiding officer: under the previous order, the senate stands adjourned until 12:00 stands adjourned until 12:00 legislative work picking up again the week of june 2. more ca
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May 2, 2014
05/14
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senator jack reed of rod. -- rhode island -- cover ad meeting for me. and we have had people from outside of arkansas that reached out. i know our governer has fielded calls from around the country and our emergency management folks have been reached out by others. we neighbor several states who have gone through this before. one of those is missouri. i see my colleagues from missouri in the chamber. people from missouri, people from oklahoma. and we have helped those states in their time of need. it was so appreciating that the folks came and helped arkansas. we appreciate it very much. and the federal officials reached out. i was in the car with our governer with the president called and that meant a lot. and they were able to work through federal and state issues on the phone and that was great. secretary jay johnson called the governor and i talked to him that same day and he came in -- excuse me, he is trying to come in and the director of fema came in the next day and we appreciate him and the attention and resources they bring. the work is just b
senator jack reed of rod. -- rhode island -- cover ad meeting for me. and we have had people from outside of arkansas that reached out. i know our governer has fielded calls from around the country and our emergency management folks have been reached out by others. we neighbor several states who have gone through this before. one of those is missouri. i see my colleagues from missouri in the chamber. people from missouri, people from oklahoma. and we have helped those states in their time of...
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May 28, 2014
05/14
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as well as jack reed from rhode island held hearings in 2005 on the residential mortgage crisis. while people paid attention to what happened with bear stearns and september of 2008, the problems began a lot earlier. the difficulty was getting people to pay attention to the problems. the shattering of confidence -- i will tell you one quick anecdote. i recall having a conversation before these events with the manager of a fund -- i. i was curious why he parked much of his nations wealth into the united states. he said for two reason -- one, no other country in the world is as good as making money as u.s. financial institutions are. he said the second reason for doing it is more important in the first. he said he never lost the moment sleep worrying about whether or not the integrity of the financial structure is sound and safe. made bad betsnd along the way but i have never lost sleep over the confidence in the financial architecture of the country. that was shattered. it is coming back in my view but we are still not there. >> in my mind, i agree. i think there is more confidenc
as well as jack reed from rhode island held hearings in 2005 on the residential mortgage crisis. while people paid attention to what happened with bear stearns and september of 2008, the problems began a lot earlier. the difficulty was getting people to pay attention to the problems. the shattering of confidence -- i will tell you one quick anecdote. i recall having a conversation before these events with the manager of a fund -- i. i was curious why he parked much of his nations wealth into...
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May 28, 2014
05/14
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i asked jack reed and judd gregg to deal with the derivative sector. every democrat and every republican on the committee was asked to work together on that particular issue. it was more than -- it was just too large of questions for the committee to deal with it. so an awful lot of this bill, while their names are on not on it and while they necessarily not voted for it, but in a sense it was disserving to have people with provisions they wrote or in the bill walk away from the product in the end in a sense. so that was terribly disappointing to me. because had there been more participation on some of these issues, the bill would look a little different today than it did you say dus. i think we wrote a good bill. i regret we didn't have a strong provision on ratings. i would have loved to have us deal, once again, with fannie and freddie, with housing finance. banker law needs to be dealt with at some point. a lot could have been dealt with in a some sense. i'm glad that corker and warner and gregg contributed. when i asked for their support in the le
i asked jack reed and judd gregg to deal with the derivative sector. every democrat and every republican on the committee was asked to work together on that particular issue. it was more than -- it was just too large of questions for the committee to deal with it. so an awful lot of this bill, while their names are on not on it and while they necessarily not voted for it, but in a sense it was disserving to have people with provisions they wrote or in the bill walk away from the product in the...
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May 28, 2014
05/14
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going back in fact, jim bunning, the republican senator from kentucky, along with jack reed of rhode island, held hearings in 2005 and 2006 on the residential mortgage crisis. while people paid attention to what happened with bear stearns and september of 2008, the problems began a lot earlier. the difficulty was getting people to pay attention to the problems. the shattering of confidence -- i will tell you one quick anecdote. that relates to the subject matter. i recall having a conversation before these events with the manager of a fund. i was curious why he parked much of his nations wealth into the united states. i will never forget his answers. they were reflective in terms of where we are. he said, to reasons. one, no other country in the world is as good as making money as u.s. financial institutions are. but he said the second reason for doing it is more important in the first. he said he never lost the moment -- a moment's sleep worrying about whether or not the integrity of the financial structure is sound and safe. i lost money and made bad bets along the way but i have n
going back in fact, jim bunning, the republican senator from kentucky, along with jack reed of rhode island, held hearings in 2005 and 2006 on the residential mortgage crisis. while people paid attention to what happened with bear stearns and september of 2008, the problems began a lot earlier. the difficulty was getting people to pay attention to the problems. the shattering of confidence -- i will tell you one quick anecdote. that relates to the subject matter. i recall having a conversation...
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May 13, 2014
05/14
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jack reed. yes. we have got you. sorry. .. i introduced a bill last month to help the department of energy, help it, lab technology reach commercial jobs, the commercial market and create jobs. and i think this will help new businesses and startups. we have many entrepreneurs in new mexico green jobs by finding ways to commercialize r&d from our national labs but i really believe we can do much better and i think you do, too. the d.o.e. inspector general agrees a recent audit report has several concerning findings about the departments approach to technology transfers, including the department is still not finalized a substantive, comprehensive execution plan which he was asked to do nearly 10 years agoe by the energy policy act of 2005. i understand that officials at the department occurred with thi igs findings and the estimated the department was complete each of the ig' ig's recommendations actions by july 31 of thisat ye. n by july 31st of this year. it is about three months away from the day in response i have three ques
jack reed. yes. we have got you. sorry. .. i introduced a bill last month to help the department of energy, help it, lab technology reach commercial jobs, the commercial market and create jobs. and i think this will help new businesses and startups. we have many entrepreneurs in new mexico green jobs by finding ways to commercialize r&d from our national labs but i really believe we can do much better and i think you do, too. the d.o.e. inspector general agrees a recent audit report has...
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May 7, 2014
05/14
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co-founder jack dorsey reed hastings and drew houseton are among the co-signers of an open letter.nwide campaign to broaden access to computer training. good morning. >> good morning. these days've finance you're not in a highly technical field, it's likely that your work will involve some interaction with computers. that's why one former microsoft developer is leading the charge to expand computer science education to every school. >> we are going to continue to write algorithms like we did yesterday to create monsters. >> you don't often hear sentences like that in a fifth grade science class but today's lesson isn't taught in most classrooms. alana aaron is teaching her students how to write computer programs. in other words, how to write code. code is the language you type into a computer to tell it what to do. it's like a recipe or adriving directions. the concepts can be taught offline. >> this is the code to give a computer to recreate that computer. and then applied online. >> here students drag and drop the commands necessary to lead the angry bird. >> grab it. and over he
co-founder jack dorsey reed hastings and drew houseton are among the co-signers of an open letter.nwide campaign to broaden access to computer training. good morning. >> good morning. these days've finance you're not in a highly technical field, it's likely that your work will involve some interaction with computers. that's why one former microsoft developer is leading the charge to expand computer science education to every school. >> we are going to continue to write algorithms...
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i'll close by saying senators warren, jackrd and i have proposals to -- jack reed and i have proposals, a bill that would not overload students with debts. i think there ought to be an open, complete disclosure to students about the debt they're getting into. if there's a better alternative, taking government loan that you can consolidate at a lower interest rate as opposed to a private loan which rips you off with a high interest rate. some of this is very basic. senator harkin and i introduce add bill to bring better coordination and focus to federal oversight to for-profit colleges and universities called the proprietary education and oversight education improvement act, a long title for a bill that basically is trying to come to grips with the scandalous behavior of the for-profit colleges and universities. for too many americans today the promise of a fair shot, an affordable college education has become a long shot. that's not the american way of doing things. we want to have an educated generation prepared to lead this country. they cannot do that saddled with debt and going to
i'll close by saying senators warren, jackrd and i have proposals to -- jack reed and i have proposals, a bill that would not overload students with debts. i think there ought to be an open, complete disclosure to students about the debt they're getting into. if there's a better alternative, taking government loan that you can consolidate at a lower interest rate as opposed to a private loan which rips you off with a high interest rate. some of this is very basic. senator harkin and i introduce...