What, the GOP doesn’t believe in the power of algae?
Via Beltway Confidential:
House lawmakers tasked with investigating the Energy Department’s $535 million loan to the now-bankrupt solar company, Solyndra, unveiled legislation today that would ban DOE officials from giving out any more loan guarantees.
“Our investigation has uncovered a number of disturbing truths behind DOE’s loan guarantee program, ground zero of the Obama administration’s failed stimulus,” House Energy and Commerce Committee Chairman Fred Upton, R-Mich., said in a statement today. “Our legislative fix will give taxpayers the peace of mind that such a disaster like Solyndra will never happen again. In light of the recent string of bankruptcies, Solyndra, Beacon Power, and Abound Solar just last week, our bill takes a stand for American taxpayers, declaring loud and clear that there will be ‘No More Solyndras.’”