June 9, 2014
Senator Majority Leader Harry Reid (D-NV) filed a cloture motion on proceeding to the student loan bill (S 2432) that would allow borrowers to refinance their old student loans at the current lower interest rates.
The cloture vote would occur on Wednesday.
Cloture, under the Senate rules, ends debate on the bill and allows for final passage. To evoke cloture and proceed, two thirds of Senators must for cloture and agree to end debate.
This would be the first political test for the measure.