Fri September 14, 2012
U.S. House Passes "No More Solyndras" Bill
The U.S. House of Representatives has passed legislation today that would curtail a controversial Department of Energy loan program that provided funding for the bankrupt Solyndra solar panel company. That $535 million loan by the Obama Administration led to the legislation being called the “No More Solyndras Act.” The measure passed Friday by a 245 to 161 margin.
Kentucky’s Second District Congressman, Brett Guthrie, says he voted in favor of the measure to help protect taxpayer dollars from similar projects in the future.
“We now know the warning signs were there for Solyndra- the government just chose to ignore them," said Guthrie.
Guthrie is a member of the House Energy and Commerce Committee, which approved the “No More Solyndras” bill on a bipartisan vote on August first.
Twenty-two Democrats joined Republicans in voting for the measure Friday. The measure will now go to the Senate, where Senate leaders are not expected to take further action.
GOP leaders have charged that the Solyndra failure shows that the Department of Energy's process for vetting loan applications is inadequate.