I will co-lead legislation to cap federal student loan interest rates at 2 percent and reduce existing federal loan rates above that level.

Congressman James Moylan is co-leading bipartisan legislation with Congressman Mike Thompson (CA-04) to set the interest rate for all new federal student loans at a fixed 2 percent and reduce interest rates on existing federal loans above that level.

Moylan commits to co-leading a bill that would set new federal student loan interest rates at 2 percent and lower existing higher-rate federal loans to 2 percent.

Congressman Moylan Co-leads Bipartisan Bill to Cap Federal Student Loan Interest Rates At 2 Percent | Representative Moylan
primary · press_release · model gpt-5.4-mini

Congressman James Moylan is co-leading bipartisan legislation with Congressman Mike Thompson (CA-04) to set the interest rate for all new federal student loans at a fixed 2 percent and reduce interest rates on existing federal loans above that level

Moylan announced he is co-leading bipartisan legislation to cap new federal student loan interest rates at 2 percent and lower rates on existing loans above that level.

Press Releases | Representative Moylan
primary · press_release · model gpt-5.4-mini

Congressman Mike Thompson (CA-04) and James Moylan (Guam-AL) introduced the Lowering Student Loans Act, legislation to amend the Higher Education Act of 1965 and set a fixed 2 percent interest rate for all Federal Direct student loans.

Moylan joined as a co-sponsor/co-introducer of legislation to cap federal student loan interest rates at 2 percent and lower existing rates above that level.

REPS. THOMPSON AND MOYLAN INTRODUCE BIPARTISAN LOWERING STUDENT LOANS ACT TO CAP FEDERAL STUDENT LOAN INTEREST RATES AT 2 PERCENT | Representative Mike Thompson
secondary · other · model gpt-5.4-mini

March 4, 2026. Mr. Thompson of California (for himself and Mr. Moylan) introduced the following bill; which was referred to the Committee on Education and Workforce. The bill is titled the Lowering Student Loans Act and amends the Higher Education Act of 1965 to set interest rates for Federal student loans made on or after July 1, 2026, at 2 percent, and for other purposes.

This is concrete introduction evidence showing Moylan actively co-led the legislation promised in the claim, with the bill text matching the 2 percent cap and reduction concept.

partial same_term A for effort

H.R. 7810 (IH) - Lowering Student Loans Act - BILLS-119hr7810ih | Content Details | GovInfo
secondary · model gpt-5.4-mini · confidence 98%

U.S. Representatives Mike Thompson and James Moylan introduced the Lowering Student Loans Act. The release says the bill would establish a fixed 2 percent interest rate for all new Federal Direct Loans issued on or after July 1, 2026 and would automatically reduce the interest rate to 2 percent for existing Direct Loans currently carrying higher rates.

Official press release confirms Moylan publicly co-led the bill and that the proposal matches the claim's promised policy changes.

partial same_term A for effort

REPS. THOMPSON AND MOYLAN INTRODUCE BIPARTISAN LOWERING STUDENT LOANS ACT TO CAP FEDERAL STUDENT LOAN INTEREST RATES AT 2 PERCENT | Representative Mike Thompson
secondary · model gpt-5.4-mini · confidence 97%