Solyndra and the Department of Energy Loan Guarantee Program: House Hearings on Stimulus Funding for Solar Energy Company

Nonfiction, Science & Nature, Science, Biological Sciences, Ecology, Social & Cultural Studies, Political Science
Cover of the book Solyndra and the Department of Energy Loan Guarantee Program: House Hearings on Stimulus Funding for Solar Energy Company by Progressive Management, Progressive Management
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Progressive Management ISBN: 9781466109193
Publisher: Progressive Management Publication: September 16, 2011
Imprint: Smashwords Edition Language: English
Author: Progressive Management
ISBN: 9781466109193
Publisher: Progressive Management
Publication: September 16, 2011
Imprint: Smashwords Edition
Language: English

On September 14, 2011, the House Subcommittee on Oversight and Investigations of the Energy and Commerce Committee held a hearing entitled “Solyndra and The DOE Loan Guarantee Program.” Here is a full reproduction of the published material from that hearing, with statements by the Subcommittee chairman, Cliff Stearns and Committee chairman Fred Upton; the internal memorandum from the Investigations staff; backup material including email excerpts from the DOE regarding the loan guarantee; statement by Jeffrey D. Zients, Deputy Director for Management, Office of Management And Budget; testimony of Jonathan Silver, Executive Director Loan Programs Office, U.S. Department of Energy; and supplemental White House material including comments by Press Secretary Jay Carney.

The opening statement by Fred Upton reads:

"In 2009, Solyndra was the first company to receive a Department of Energy loan guarantee funded with stimulus dollars. Just two years after getting $535 million in taxpayer dollars, and being touted by President Obama as a model for how the government's venture capital program in green technology should work, the company has filed for bankruptcy and been raided by the FBI. We started looking into the DOE Loan Guarantee program and Solyndra's deal in February. Some questioned the basis for this investigation. After four months of wrangling with the Obama Administration to produce relevant documents, the Committee was forced to issue a subpoena to OMB. I think Solyndra's recent bankruptcy filing and last week's FBI raid clearly show that the Committee was more than justified in its scrutiny of this deal. Pursuant to our oversight functions, we have an important responsibility to pursue answers regarding the use of the taxpayer's money. Our investigation raises several questions about whether the Administration did everything it could to protect taxpayer dollars. Why did the Administration think Solyndra was such a good bet? Why did the Administration push ahead with restructuring the Solyndra guarantee this year, when some in the government voiced serious concerns about the commercial viability of the company? Why did DOE and OMB allow the government to be subordinated to the private investors, in apparent violation of the law?"

This is a privately authored news service and educational publication of Progressive Management.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

On September 14, 2011, the House Subcommittee on Oversight and Investigations of the Energy and Commerce Committee held a hearing entitled “Solyndra and The DOE Loan Guarantee Program.” Here is a full reproduction of the published material from that hearing, with statements by the Subcommittee chairman, Cliff Stearns and Committee chairman Fred Upton; the internal memorandum from the Investigations staff; backup material including email excerpts from the DOE regarding the loan guarantee; statement by Jeffrey D. Zients, Deputy Director for Management, Office of Management And Budget; testimony of Jonathan Silver, Executive Director Loan Programs Office, U.S. Department of Energy; and supplemental White House material including comments by Press Secretary Jay Carney.

The opening statement by Fred Upton reads:

"In 2009, Solyndra was the first company to receive a Department of Energy loan guarantee funded with stimulus dollars. Just two years after getting $535 million in taxpayer dollars, and being touted by President Obama as a model for how the government's venture capital program in green technology should work, the company has filed for bankruptcy and been raided by the FBI. We started looking into the DOE Loan Guarantee program and Solyndra's deal in February. Some questioned the basis for this investigation. After four months of wrangling with the Obama Administration to produce relevant documents, the Committee was forced to issue a subpoena to OMB. I think Solyndra's recent bankruptcy filing and last week's FBI raid clearly show that the Committee was more than justified in its scrutiny of this deal. Pursuant to our oversight functions, we have an important responsibility to pursue answers regarding the use of the taxpayer's money. Our investigation raises several questions about whether the Administration did everything it could to protect taxpayer dollars. Why did the Administration think Solyndra was such a good bet? Why did the Administration push ahead with restructuring the Solyndra guarantee this year, when some in the government voiced serious concerns about the commercial viability of the company? Why did DOE and OMB allow the government to be subordinated to the private investors, in apparent violation of the law?"

This is a privately authored news service and educational publication of Progressive Management.

More books from Progressive Management

Cover of the book 21st Century Peacekeeping and Stability Operations Institute (PKSOI) Papers - The State-Owned Enterprise as a Vehicle for Stability - Liberia, Kosovo, Iraq, Mozambique, Afghanistan by Progressive Management
Cover of the book 21st Century NBC WMD CBRN Weapons and Terrorism: Mass Fatality Management for Incidents Involving Weapons of Mass Destruction - Capstone Document from the U.S. Army and Department of Justice by Progressive Management
Cover of the book The Pentagon: The First Fifty Years - Authoritative History of the Design and Construction of the Historic Department of Defense Headquarters Building by Progressive Management
Cover of the book Short of General War: Perspectives on the Use of Military Power in the 21st Century - Al-Qaeda, Future of Warfare, Africa Command, Militarization of U.S. Foreign Policy, Counterinsurgency, Iraq by Progressive Management
Cover of the book Military Cyber Attacks and America's Vulnerable Nuclear Weapons and Defenses: DoD Task Force Report on Resilient Military Systems and the Advanced Cyber Threat by Progressive Management
Cover of the book Russia and Hybrid Warfare: Identifying Critical Elements in Successful Applications of Hybrid Tactics - Putin's Crimea Annexation, Ukraine, 1923 German Revolution, Germany's Austria Annexation by Progressive Management
Cover of the book 21st Century FEMA Study Course: Mission Assignment Overview (IS-288) - Disaster Declaration Process, Types of Mission Assignments by Progressive Management
Cover of the book The United States Humanitarian Demining Program (HDP): Civil-military Relations – Critical Analysis of Landmine Removal in Afghanistan and Kosovo, Through the Lens of People, Government, and Military by Progressive Management
Cover of the book Human Missions to Mars: Comprehensive Collection of NASA Plans, Proposals, Current Thinking and Ongoing Research on Manned Mars Exploration, Robotic Precursors, Science Goals, Design Reference Mission by Progressive Management
Cover of the book Transnational Organized Crime, Terrorism, and Criminalized States in Latin America: An Emerging Tier-One National Security Priority, Drug Trafficking, FARC, Hugo Chavez, Transnistria, FMLN, Liberia by Progressive Management
Cover of the book Gangs and Crime in America: Defining Mara Salvatrucha's Texas Network, MS-13 Gang History of Violence, Cartels, Interstate Corridors, Significant Threat to Public Security, Relationship to Zetas by Progressive Management
Cover of the book 21st Century U.S. Military Manuals: Space Support to Army Operations (FM 100-18) Defense Department Space Policy, Military Space Systems (Value-Added Professional Format Series) by Progressive Management
Cover of the book 21st Century U.S. Military Manuals: Electronic Attack Tactics, Techniques, and Procedures (FM 34-45) EW, EP, Electronic Warfare (Value-Added Professional Format Series) by Progressive Management
Cover of the book Apollo and America's Moon Landing Program: The Apollo Spacecraft - A Chronology - Four Volumes (SP-4009) - Complete Official History of the Apollo Program from Inception Through 1974 by Progressive Management
Cover of the book Air Force Strategy Study 2020-2030: Power Projection, Freedom of Action in Air, Space, and Cyberspace, Global Situational Awareness, Military Support for Civil Authorities by Progressive Management
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy