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House to vote on 'No More Solyndras' bill

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Legislation that culminates House Republicans' year-and-a-half investigation into an ill-fated federal loan guarantee will come to the floor this week, where it will likely share the fate of so many other GOP policy proposals this year -- quickly passing the lower chamber before dying in the Democratic-controlled Senate.

The "No More Solyndras Act" takes its name from the solar panel manufacturer that declared bankruptcy a year ago after receiving a $535 million loan guarantee from the Department of Energy. Republicans say the bill, H.R. 6213, would end the loan guarantee program that has become a focal point of their attacks on the Obama administration's energy records, although Democrats have noted that some loan guarantee applications, including from nuclear and coal companies, still could be processed even if the measure became law.

Co-sponsored by Rep. Cliff Stearns (R-Fla.), who chairs the House Energy and Commerce Subcommittee on Oversight and Investigations, the bill passed out of the Energy and Commerce Committee last month, in a 29-19 vote that saw two Republicans buck their party to vote against the measure (E&ENews PM, Aug. 1).

Stearns, who spearheaded the nearly 18-month investigation into Solyndra, will not return to Congress next year; he lost a primary challenge last month to a political novice who claimed the tea party mantle (Greenwire, Aug. 15).

The bill will come up for a House vote Friday, according to a release from the Energy and Commerce Committee.

"Next week, the House will have an opportunity to stand up for American taxpayers and bring an end to the mismanaged loan guarantee program responsible for the stimulus failures of Solyndra, Beacon Power and Abound Solar," Stearns and full committee Chairman Fred Upton (R-Mich.) said in a statement last week. "Enough is enough -- our legislation will help ensure that there will be no more Solyndras."