HR 6213 · 112th Congress · Energy
No More Solyndras Act
Bill Progress
1
Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Energy and Natural Resources.(2012-09-19)
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Plain Language Summary
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No More Solyndras Act - Prohibits the Secretary of Energy (DOE) from issuing any new loan guarantee of an innovative energy project under title XVII (Incentives for Innovative Technologies) of the Energy Policy Act of 2005 for any application submitted to DOE after December 31, 2011. Prohibits a loan guarantee for any application pending before that date unless the Secretary of the Treasury reviews the proposed guarantee and makes a written recommendation to the Secretary of Energy (Secretary) on the merits. Requires the Secretary to report to specified congressional committees within 60 days after making any loan guarantee on a pending application. Directs the Secretary to consult with the Secretary of the Treasury regarding any restructuring of the terms and conditions of an innovative energy project loan guarantee, including any deviations from the financial terms of the guarantee. Prohibits the Secretary from subordinating the interests of the U.S. government to any other financing for the project. Declares that any federal official responsible for the issuance of an innovative energy project loan guarantee in a manner that violates the requirements of title XVII of the Energy …
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 6213, No More Solyndras Act
Sep 4, 2012As ordered reported by the House Committee on Energy and Commerce on August 1, 2012
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (20)
20 Republicans