50 More Solyndras
House Chamber, Washington, D.C.
September 13, 2012

Mr. Speaker:

This bill ends the Title 17 loan guarantees that produced Solyndra and so many other alternate energy scams that cost working Americans hundreds of millions of dollars, while the politically connected perpetrators of these scams walked away as wealthy men and women. 

But this measure would still put taxpayers on the hook to loan out billions of dollars more to at least 50 additional shady alternative energy schemes that were submitted before January 1st. 

So there will be more Solyndras under this act.  I had offered an amendment to pull the plug on these applications but was told that the Rules committee would not allow the amendment to be brought to the floor.

I agree with my friend from Ohio (Mr. Kucinich) at least that the title, “No More Solyndras Act” is misleading.  I would suggest a more accurate title, “The 50 More Solyndras and Then We’ll Stop Wasting Your Money – Really – We Promise Act.”