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President Obama Signs the Transportation and Student Loan Bill

Summary: 
The bill will keep thousands of construction workers on the job and prevent 7.4 million students from paying higher interest rates on their student loans.
President Barack Obama delivers remarks before signing HR 4348 (July 6, 2012)

President Barack Obama delivers remarks before signing HR 4348, the Transportation and Student Loan Interest Rate bill, during a ceremony in the East Room of the White House, July 6, 2012. (Official White House Photo by Pete Souza)

This afternoon, President Obama signed legislation that accomplishes two important goals -- keeping thousands of construction workers on the job rebuilding America's infrastructure and preventing interest rates on federal student loans from doubling.

"These steps will make a real difference in the lives of millions of Americans -- some of whom are standing with us here today," the President said. "But make no mistake -- we’ve got a lot more to do."

The President addressed an audience of students and construction workers from the East Room of the White House.

"[Let's] make sure that we are keeping folks on the job and we're keeping our students in school," he said.

Earlier, we shared a video with young people who helped to push for this bill describing why it's so important to speak out. Give it a watch.