Dan Coats: “205 loans issued by the Department of Energy under the alternative vehicle program have failed, costing taxpayers $500…”

“205 loans issued by the Department of Energy under the alternative vehicle program have failed, costing taxpayers $500 million in losses. DOE currently sits on $4 billion of unused money. It is time to wind down this program. This will not affect any proposals that are currently with the Department of Energy on this program, but it will prevent any new programs going forward. We can save the taxpayers a lot of money and use this for other alternatives if we adopt this amendment. I yield the remainder of my time to the Senator from Pennsylvania. The PRESIDING OFFICER. The Senator from Pennsylvania.”