On the recordSeptember 13, 2012
House Resolution 779 provides for a structured rule for consideration of H.R. 6213. This rule provides for the discussion and opportunities for Members of the minority and the majority to participate in this debate. I rise today in support of this rule and the underlying bill. The underlying legislation ensures that all American taxpayers will never again be forced to pay hundreds of millions of dollars because of this administration's politically motivated risky bets. H.R. 6213 draws on the lessons learned from the failed Department of Energy Loan Guarantee Program, which invested $535 million into a solar energy company named Solyndra. Unfortunately, Solyndra went bankrupt, leaving hardworking Americans with a check for over half a billion dollars. Solyndra has become synonymous with the Obama administration's reckless spending programs that have done nothing to create the jobs our country so desperately needs, nor those that had been promised by the President of the United States and the Democratic Party. Despite warnings that the company was unsustainable and would surely fail, the administration was blinded by their political agenda and committed over half a billion dollars in taxpayer dollars to a privately held company. In fact, during a 2011 restructuring of the loan, the administration placed private investors ahead of taxpayers when it came to reimbursement in the event of bankruptcy.…
Source
govinfo.gov




