|Sponsor||Rep. Upton, Fred|
|Date||September 13, 2012 (112th Congress, 2nd Session)|
|Staff Contact||Sarah Makin|
On Friday, September 15, 2012, the House is scheduled to consider H.R. 6213, the No More Solyndras Act, under a rule. The rule makes in order two amendments and would provide for one motion to recommit with or without instructions. Amendments made in order are summarized below.
H.R. 6213 was introduced on July 27, 2012, by Rep. Fred Upton (R-MI) and referred to the House Committee on Energy and Commerce. The Committee held a mark-up of H.R. 6213 on July 31, 2012, and reported the bill, as amended, by a vote of 29 to 19.
H.R. 6213 would accomplish the following:
The Committee on Energy and Commerce conducted extensive oversight investigations of the failed Solyndra loan, and uncovered a series of wrongdoings by the Obama administration in its management of the loan guarantee program. H.R. 6213 would effectively terminate the administration’s loan guarantee program by prohibiting the Department of Energy from issuing any loan guarantees for applications submitted after December 31, 2011. The legislation will also provide taxpayers with new protections for already pending participants, including increased due diligence, new transparency requirements, and the prohibition of taxpayer subordination.
House Republicans understand that the Nation would benefit from an all-of-the-above energy policy that includes alternative as well as conventional energy sources. Increasingly it has become clear that the energy mix will change over time to take advantage of new technological breakthroughs. However, according to the Committee on Energy and Commerce, there “is a right way and a wrong way to diversify the Nation's energy supply, and heavy-handed government attempts to pick winners and losers have a long and unsuccessful history.”
House Report 112-652 states, “Nonetheless, this was the approach taken by the Obama Administration in the 2009 stimulus package, which allocated $90 billion dollars for the so-called green energy economy. The results of the stimulus spending are largely in, and they are no better than Washington's past efforts to spur energy innovation and jobs by favoring specific companies and technologies. Particularly disappointing is the Administration's record on the loan guarantee program established under Title 17 of the Energy Policy Act of 2005.”
Additional resources related to Solynda and the “No More Solyndras Act” can be found here.
According to the Congressional Budget Office (CBO), CBO estimates that implementing H.R. 6213 would cost about $1 million over the 2013-2017 period, assuming appropriation of the necessary amounts. Pay-as-you-go procedures would apply to this legislation because it would affect direct spending and revenues. CBO estimates, however, that those impacts would be insignificant over the 2013-2022 period.
Amendment No. 1—Rep. DeGette (D-CO): The amendment would add the following new findings:
Amendment No. 2—Rep. Waxman (D-CA): The amendment would allow DOE to continue issuing new loan guarantees for applications submitted after December 31, 2011.