LATEST NEWS

Stearns Offers New Legislation

July 12, 2012

STEARNS OFFERS LEGISLATION: “NO MORE SOLYNDRAS” ACT

 

CHAIRED JOINT OVERSIGHT AND INVESTIGATIONS & ENERGY AND POWER SUBCOMMITTEES HEARING TODAY TO DISCUSS HIS BILL


Stearns on Willis Report talks about his “No More Solyndras” Act.

Click for Video


DOE official fights for power to restructure more Solyndra-style loans

By: Joel Gehrke – July 12, 2012

Taxpayers will likely never be repaid the $535 million loaned to the now-bankrupt solar company, Solyndra, because the Energy Department restructured the loan so that private creditors would be repaid ahead of taxpayers. The Energy Department fought to keep that power today. “It’s a tool of last resort,” DOE Loan Program Office Acting Executive Director David Frantz told Rep. Cliff Stearns, R-Fla., this morning.

Link to story and video


Rep. Stearns: ‘No More Solyndras Act’ Protects Taxpayers

By: Henry J. Reske and John Bachman – July 12, 2012

The crony capitalism involved in the Obama administration’s Solyndra scandal that left taxpayers on the hook for a half billion dollars in government-backed loans must not be allowed to be repeated, Rep. Cliff Stearns, R-Fla.,tells Newsmax.TV.

Link to story and to video


The No More Solyndras Act

By: John Heyward – July 10, 2012

“The Obama DOE’s stimulus record is littered with failure, and it is American taxpayers who are paying the price,” added Chairman Stearns. ‘Our ‘No More Solyndras Act’ will ensure taxpayers are no longer vulnerable to the Obama administration’s game of crony capitalism.”

Link to story


Paid for by Friends of Cliff Stearns, Copyright 2012