Culminating the Energy and Commerce Committee’s extensive investigation into the Obama administration’s failed loan guarantee program, full committee Chairman Fred Upton (R-MI) and Oversight and Investigations Subcommittee Chairman Cliff Stearns (R-FL) authored the “No More Solyndras Act” to ensure taxpayers are never again stuck paying hundreds of millions of dollars because of the Obama administration’s or any future president’s risky bets.
On September 8, 2011, just two days after Solyndra filed for bankruptcy, the FBI raided the solar manufacturer’s Fremont, California facility.
WASHINGTON, DC – The House Committee on Energy and Commerce today announced its hearing and vote schedule for the week of September 10. Next week’s robust hearing schedule will focus on a number of the committee’s hallmark issues, including protecting taxpayer dollars, North American energy independence, encouraging economic growth, and removing regulatory barriers to job creation.
WASHINGTON, DC – It was announced today that the House of Representatives will vote on the “No More Solyndras Act,” H.R. 6213, next Friday, September 14, 2012.
In Solyndra Bankruptcy, Obama Administration’s Picking of Winners and Losers Reaches Shameful New Lows President’s Backers, Including Billionaire George Kaiser, Could Get Hundreds of Millions in Tax Breaks While Taxpayers Lose Over Half a Billion Dollars
SOLYNDRA BANKRUPTCY – ONE YEAR LATER: TODAY Marks Anniversary of Solyndra Bankruptcy – Investors with Close Ties to President Obama Will Reportedly Reap Hundreds of Millions in Tax Breaks While Taxpayers Left Holding the Bag on More Than Half Billion LossSeptember 6, 2012 | Press Release
WASHINGTON, DC – Today marks one year since Solyndra, once the Obama administration’s highly touted stimulus “success story,” filed for Chapter 11 bankruptcy. The recipient of a $535 million DOE loan guarantee, Solyndra serves as a stark reminder of the Obama administration’s misguided priorities and failed stimulus economy.