Heavyweight Fight on Solyndra Loan Restructuring: Obama Agency vs. Obama Agency
WASHINGTON, DC - The Energy and Commerce Oversight and Investigations Subcommittee today heard startling testimony and released illuminating new documents regarding the unfolding Solyndra investigation. Officials from the Department of the Treasury were called to testify about that agency's belief that DOE violated the 2005 Energy Policy Act when restructuring the loan to the now-bankrupt recipient of a $535 million taxpayer guaranteed loan and, in the restructuring, placed taxpayers at the back of the line so that private investors would be the first to recoup losses on the...
House Approves Legislation to Improve Environmental Protections and Save Jobs
WASHINGTON, DC - The U.S. House of Representatives today approved a common-sense new approach to regulation today that will improve environmental protections while protecting jobs and access to affordable electricity. H.R. 2273, the Coal Residuals Reuse and Management Act, provides for the safe management and disposal of coal ash in a way that preserves jobs and encourages recycling. The legislation passed the House with strong bipartisan support by a vote of 267 to 144.
H.R. 2273, introduced by Rep. David McKinley (R-WV), creates a state-based program that sets...
House Delivers More Regulatory Relief for America's Job Creators and Workers
WASHINGTON, DC - The U.S. House of Representatives today approved another bipartisan proposal to save jobs. The Obama administration recently issued a series of multi-billion dollar regulations affecting tens of thousands of manufacturing and industrial facilities nationwide. H.R. 2250, the EPA Regulatory Relief Act, offers a common-sense alternative approach to these rules, providing America's job creators with much-needed regulatory relief. The measure passed the House with strong support by a vote of 275 to 142.
H.R. 2250, introduced by Reps. Morgan Griffith (R-VA) and G.K. Butterfield (D-NC), will...
Subcommittee Examines Transmission Siting and Cost Allocation Issues
WASHINGTON, DC - The House Energy and Commerce Subcommittee on Energy and Power, chaired by Rep. Ed Whitfield (R-KY), continued its American Energy Initiative series with a hearing to discuss electric transmission issues. Today's hearing examined a path forward toward building the electric infrastructure necessary to support a strong economy for future generations. Today's witnesses included representatives from the Federal Energy Regulatory Commission, the Department of Energy, state regulators, and the electric power sector. The hearing focused on two main issues related to building new transmission...
Upton, Pitts Welcome House Passage of Protect Life Act
WASHINGTON, DC - Leaders of the House Energy and Commerce Committee today welcomed strong bipartisan support in the U.S. House of Representatives for the Protect Life Act, H.R. 358. The bill, authored by Health Subcommittee Chairman Joe Pitts (R-PA), was approved by the House by a vote of 251-172. The Protect Life Act prohibits federal funding of abortions and abortion coverage under the health care law and provides conscience protection for health care professionals. The language is consistent with the bipartisan Stupak-Pitts amendment adopted by the House in...
Coming Soon: Good News for Patients and Medical Innovation
WASHINGTON, DC -As part of an ongoing effort to improve the medical device review process, members of Congress recently invited innovators in the field to engage in a roundtable discussion about how the FDA's review process impacts their ability to make these devices accessible to American patients. The Subcommittees on Health and Oversight and Investigations have held several hearings to lay the foundation to strengthen the review and approval process. Legislative solutions to protect patients, jobs, and innovation will be introduced soon.
Hearing To Examine Treasury Department's Concern DOE Violated Law in Restructuring Solyndra Loan
WASHINGTON, DC - The Subcommittee on Oversight and Investigations will hold a hearing on "Continuing Developments Regarding the Solyndra Loan Guarantee" this Friday, October 14, 2011, at 9:30 a.m. in room 2123 of the Rayburn House Office Building. The committee recently learned that the Treasury Department was concerned that the Department of Energy's restructuring of the Solyndra Loan in early 2011 was in violation of the law. Despite the plain letter of the law, DOE allowed Solyndra's investors to be moved to the front of the line for...
SAY WHAT??? Former White House Chief of Staff Rahm Emanuel Dodges Solyndra Questions in Testy Exchange
Rahm: "It's not about warning signs Sometimes you're right, sometimes you're wrong"
IT'S NOT ABOUT WARNING SIGNS??? - If the Obama Administration Had Listened to Warning Signs Coming from its Own Experts, Taxpayers Would Not Be On the Hook for the Half Billion Dollar BustObama OMB: Solyndra "deal is NOT ready for prime time."March 10, 2009, Email between OMB staff regarding "Solar co loan announcement in northern california"
DOE staff concerned about Solyndra's cash flow: "(W)e still have a major outstanding...