'No More Solyndras Act' passes House of Representatives

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The "No More Solyndras" act passed the House of Representatives. 

With less than two months to go before election day, Republicans do not want to let voters forget about Solyndra.

A bill titled the “No More Solyndras Act” was passed in the Republican-controlled House of Representatives Friday, 245-161. The bill would phase out the energy loan program that provided the failed Fremont solar company with $535 million before it went bankrupt last year.

“It is clear that this loan guarantee program is ineffective at best, and counterproductive at worst,” said Republican Rep. Fred Upton, according to U.S. News and World Report.

The bill isn’t expected to be taken up by the Senate, and Democrats dismissed it as a political ploy by Republicans to keep Solyndra’s failure in the news. Before its failure, Solyndra had been touted by President Barack Obama as an example of the innovation spurred by the loan program.

“This is not serious legislation, it’s a political bill,” California Democratic Rep. Henry Waxman, according to Reuters. “They’ve been dancing on the grave of Solyndra for so long. Enough is enough.”

From the Silicon Valley/San Jose Business Journal.


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