September 13, 2012

Congressman Charles W. Boustany, Jr., M.D. (R-South Louisiana) spoke on the House floor in support of H.R 6213, the "No More Solyndras Act." "This legislation phases out the Department of Energy's flawed loan guarantee program. It seeks to stop future debacles like the recent $535 million loan guarantee for the California solar panel manufacturer named Solyndra. "This Administration refuses to promote legitimate domestic energy resources by issuing moratoriums in the Gulf of Mexico and needlessly delaying job creating projects like the Keystone XL Pipeline. Instead, it chooses to roll the dice on unproven technologies that result in bankruptcies with hundreds of millions of wasted taxpayer dollars. That's not a way to move forward. In South Louisiana, we know when it comes to energy production, domestic resources are waiting to be tapped. Whether it's petroleum, natural gas, or any other source -- we must harness our natural resources here at home in order to create jobs and make sure hard-working families aren't forced to feel the pain at the pump. "The no more Solyndras Act makes sure these same families aren't left on the hook for an Administration's bad judgment."