[Congressional Record (Bound Edition), Volume 158 (2012), Part 10]
[House]
[Page 14123]
[From the U.S. Government Publishing Office, www.gpo.gov]




                         NO MORE SOLYNDRAS ACT

  (Mr. BOUSTANY asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. BOUSTANY. Mr. Speaker, I rise today in support of the No More 
Solyndras Act. It ensures that taxpayers are never left on the hook for 
hundreds of millions of dollars for any future President's risky bets. 
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 
called Solyndra.
  This administration refuses to promote legitimate and safe domestic 
energy resources by issuing moratoriums in the Gulf of Mexico and 
needlessly delaying very important projects like the Keystone 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 safely, environmentally 
sound. Whether it's oil or natural gas or any other source, we must 
harness the resources of our land to create jobs here at home and to 
make sure that hardworking families aren't forced to feel the pain at 
the pump.

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