[Congressional Record (Bound Edition), Volume 155 (2009), Part 16]
[House]
[Pages 21950-21951]
[From the U.S. Government Publishing Office, www.gpo.gov]




    THE STUDENT AID AND FISCAL RESPONSIBILITY ACT WILL KEEP AMERICA 
                        ECONOMICALLY COMPETITIVE

  (Ms. SCHWARTZ asked and was given permission to address the House for 
1 minute and to revise and extend her remarks.)
  Ms. SCHWARTZ. Mr. Speaker, today, the House will vote to save 
taxpayers nearly $90 billion in making the Federal college loan system 
more efficient. This action, the Student Aid and Fiscal Responsibility 
Act, is the greatest investment in higher education ever.
  This bill increases Pell Grants for students; it enables States to 
improve their early education system, and it reduces the Federal 
deficit by $10 billion. It improves our Nation's education system for 
all children.

[[Page 21951]]

  The Early Learning Challenge Fund supports safe efforts to invest in 
high-quality, integrated early education and to care for children birth 
through 5. Early education pays huge fiscal and social dividends in the 
long run, and this is an important step forward.
  The College Access and Completion Innovation Fund promotes innovative 
strategies to improve student success in college, and this bill 
provides funding for much-needed school modernization and repair, which 
will be done in an environmentally energy-efficient manner by including 
legislation we approved earlier this year.
  The Democratic majority is committed to stabilizing the economy, to 
lowering our deficit and to ensuring that America is economically 
competitive in the future. This plan helps us achieve these key goals.

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