Representatives Thompson and Moylan introduce a bipartisan bill capping federal student loan interest rates at 2%.
Quiver AI Summary
New Legislation Introduction: U.S. Representatives Mike Thompson and James Moylan have introduced the Lowering Student Loans Act to set a fixed 2 percent interest rate for all Federal Direct student loans. The proposed law aims to alleviate financial burdens for borrowers by lowering rates for new loans and reducing existing loans to the same level starting July 1, 2026.
Key Provisions: The legislation will apply a fixed 2 percent rate to all new Federal Direct Loans issued after July 1, 2026, and automatically lower rates for existing loans above this threshold. Advocates claim this move will help borrowers pay down their debts more effectively and promote financial stability.
Support and Impact: Organizations such as the National Association for College Admission Counseling and the American Youth Association endorse the bill, emphasizing its potential to lower long-term costs for students and their families. The act has been referred to the House Committee on Education and the Workforce for further consideration.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Mike Thompson Fundraising
Mike Thompson recently disclosed $710.5K of fundraising in a Q4 FEC disclosure filed on January 31st, 2026. This was the 106th most from all Q4 reports we have seen this year. 55.8% came from individual donors.
Thompson disclosed $325.7K of spending. This was the 207th most from all Q4 reports we have seen from politicians so far this year.
Thompson disclosed $1.9M of cash on hand at the end of the filing period. This was the 224th most from all Q4 reports we have seen this year.
You can see the disclosure here, or track Mike Thompson's fundraising on Quiver Quantitative.
Mike Thompson Bill Proposals
Here are some bills which have recently been proposed by Mike Thompson:
- H.R.7636: To amend the Internal Revenue Code of 1986 to establish the individual tariff refund credit.
- H.R.7381: Prevent Presidential Profiteering Act
- H.R.6900: American Affordability Act of 2025
- H.R.6496: Specialty Crop & Wine Producer Tariff Relief Act
- H.R.6118: Support and Defend Our Military Personnel and Their Families Act
- H.R.5862: American Energy Independence and Affordability Act
You can track bills proposed by Mike Thompson on Quiver Quantitative's politician page for Thompson.
2026 California's 4th Congressional District Election
There has been approximately $6,229,734 of spending in California's 4th congressional district elections over the last two years, per our estimates.
Approximately $39,991 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- WITH HONOR FUND II, INC. ($29,871)
- COOPERATIVE OF AMERICAN PHYSICIANS INDEPENDENT EXPENDITURE COMMITTEE ($10,000)
The rating for this race is currently "Solid D".
You can track this election on our matchup page for the 2026 California's 4th congressional district election.
