mr. kline: the gentleman -- yield the gentleman an additional minute. mr. guthrie: this comes because the government charges student interest more than it costs to borrow, turning it into a profit-making venture. we're taking student money and spending it on -- much of it, on an array of new government programs. students and schools lose the value of choice, competition, around innovation and taxpayers will be on the hook for massive new entitlement spending and a huge expansion in government borrowing to finance the loans that will need to be made directly from the treasury. i urge my colleagues to join me in voting no. i yield back. the chair: the gentleman yields back. the gentleman from california. . the speaker pro tempore: the gentlelady is recognized for two minutes. ms. hirono: as a member of the house education and labor committee and as an orange co--- original co-sponsor of this bill i rise in support of this bill. i thank chairman miller on his leadership on this as well as on so ma

mr. kline: i yield 30 seconds. the chair: the gentleman is recognized for 30 seconds. mr. burton: we need competition in the private sector. we don't need to take over this sector like what we did with the automobile industry. socialism doesn't work. government control doesn't work. so i urge my colleagues to reconsider and think, it didn't work before, it won't work now. i yield back the balance of my time. the chair: the gentleman yields back the balance of his time. the chair reminds members that they must address their comments to the chair. for what purpose does the gentleman from california rise? mr. miller: i yield two minutes to the gentleman from massachusetts, mr. tierney, a member of the committee. the chair: the gentleman is recognized for two minutes. mr. tierney: you would think we are not having private lenders from lending. they can make student loans. they can. without subsidy and without a guarantee they probably won't find themselves very competitive. right now the government

mr. kline: i rise to claim time although i do not oppose this amendment. in fact i rise to say that we are going to support this amendment. i yield back. the chair: without objection. the gentleman yields back. the gentleman from texas. mr. reyes: thank you, madam chair. i thank my colleague. i yield back the balance of my time. the chair: the question now occurs on the amendment offered by the gentleman from texas. so many as are in favor say aye. those opposed, no. in the opinion of the chair, the ayes have it. the amendment is agreed to. it is now in order to consider amendment number 9, printed in house report number 111-256. for what purpose does the gentleman from north carolina rise? mr. etheridge ridge: madam speaker, i have a resk. the chair: amendment number 9, printsed in house report number 111-256, offered by mr. etheridge of north carolina. the chair: pursuant to house resolution 746, the gentleman from north carolina, mr. etheridge, and a member posed, will each control five minu

mr. kline: the gentleman -- yield the gentleman an additional minute. mr. guthrie: this comes because the government charges student interest more than it costs to borrow, turning it into a profit-making venture. we're taking student money and spending it on -- much of it, on an array of new government programs. students and schools lose the value of choice, competition, around innovation and taxpayers will be on the hook for massive new entitlement spending and a huge expansion in government borrowing to finance the loans that will need to be made directly from the treasury. i urge my colleagues to join me in voting no. i yield back. the chair: the gentleman yields back. the gentleman from california. . the speaker pro tempore: the gentlelady is recognized for two minutes. ms. hirono: as a member of the house education and labor committee and as an orange co--- original co-sponsor of this bill i rise in support of this bill. i thank chairman miller on his leadership on this as well as on so ma

as my friend and i were just discussing, the distinguished ranking member, mr. kline, we will be looking to china as we continue to go further and further into debt. and that's unfortunately exactly what this legislation will do, we'll be paying a rate of return on that money that the taxpayer is borrowing and again we'll be ignoring the private markets as they re-emerge. madam speaker, this is one more indication, as all the attention is focused on health care, of another $50 billion to $100 billion expansion of the burden that is imposed on our taxpayers, and i don't believe it will do nearly as well as the private sector would in trying to look to the sources of credit so that we can ensure that the plerlism we have in education, -- plerlism we have in education. and so i ask my colleagues to vote no on this rule and make sure we do have the kinds of improvements that i believe the gentleman from minnesota wants us very much to implement. with that i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the gentleman from colorado.