House votes to phase out energy loan guarantee program after Solyndra Published September 14, 2012 Associated Press
Republicans on Friday pushed a bill through the House shining a campaign-season light on the most conspicuous failure of President Obama's economic stimulus package. The bill would phase out federal loan guarantees like those that went to the now-bankrupt solar power company Solyndra LLC and left taxpayers on the hook for more than $500 million. The "No More Solyndras Act," which passed on a mainly party-line vote, has no chance of advancing in the Democratic-led Senate and was assailed by House Democrats as an election-year stunt. The vote was 245-161. The bill would curtail an Energy Department loan guarantee program that was the source of the more than $500 million investment in Solyndra. It was part of the $787 billion stimulus package enacted shortly after Obama took office in 2009. .............................>>>>....................>>>>..................Read more: http://www.foxnews.com/politic.....stnews#ixzz26XZ9VCpG
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