Republicans Offer Bill to Bar Backing for Future Solyndras
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House Republicans investigating the collapse of Solyndra LLC proposed legislation that would bar the U.S. Energy Department from issuing any loan guarantees for projects submitted this year or in the future.
The measure, which will be discussed by two House Energy and Commerce Committee panels at a July 12 hearing, also requires the Treasury Department to review U.S. financing for applications submitted before Dec. 31, a response to concerns among Republicans the Energy Department ignored “red flags” about Solyndra.