House committee report calls EPA green bank a ‘scam’

This article was updated at 11:35 a.m. EDT.

House Republicans concluded Thursday that the EPA’s Greenhouse Gas Reduction Fund was a “scam” meant to funnel billions in taxpayer money to allies of the Democratic Party.

The Oversight and Government Reform Committee, chaired by Rep. James Comer (R-Ky.), released the results of a five-month probe into the $20 billion fund created by the Inflation Reduction Act and carried out by the Biden administration.

The administration is seeking to claw back money from the fund. That effort is playing out in the federal courts.