H.R. 6213 (112th): No More Solyndras Act

Introduced:
Jul 26, 2012 (112th Congress, 2011–2013)
Status:
Died (Passed House)
Sponsor
Fred Upton
Representative for Michigan's 6th congressional district
Party
Republican
Text
Read Text »
Last Updated
Sep 19, 2012
Length
12 pages
Related Bills
H.Res. 779 (rule)

Agreed To (Simple Resolution)
Sep 13, 2012

 
Status

This bill was introduced in a previous session of Congress and was passed by the House on September 14, 2012 but was never passed by the Senate.

Progress
Introduced Jul 26, 2012
Referred to Committee Jul 26, 2012
Reported by Committee Sep 10, 2012
Passed House Sep 14, 2012
 
Full Title

To limit further taxpayer exposure from the loan guarantee program established under title XVII of the Energy Policy Act of 2005.

Summary

No summaries available.

Votes
Sep 14, 2012 11:39 a.m.
Failed 169/238
Sep 14, 2012 11:43 a.m.
Failed 170/231
Sep 14, 2012 12:19 p.m.
Passed 245/161

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


9/14/2012--Passed House amended.
No More Solyndras Act -
Section 3 -
Prohibits the Secretary of Energy (DOE) from issuing any new loan guarantee of an innovative energy project under title XVII (Incentives for Innovative Technologies) of the Energy Policy Act of 2005 for any application submitted to DOE after December 31, 2011.
Prohibits a loan guarantee for any application pending before that date until the Secretary of the Treasury furnishes, within 30 days after receiving the guarantee proposal from DOE, a written analysis of the its financial terms and conditions. Requires DOE, before making such a guarantee, to take the written analysis into consideration.
Requires DOE also, if it makes a guarantee inconsistent with that written analysis, to give certain congressional committees, within 30 days after making the guarantee, a written explanation of any material inconsistencies.
Requires DOE, within 60 days after making a loan guarantee on a pending application, to report to specified congressional committees on: (1) the review and decisionmaking process used in making the guarantee; (2) the terms of the guarantee; and (3) the recipient, the technology, and project for which the loan guarantee will be used.
Section 4 -
Directs the Secretary to consult with the Secretary of the Treasury regarding any restructuring of the terms and conditions of an innovative energy project loan guarantee, including any deviations from the financial terms of the guarantee.
Section 5 -
Revises the condition on the loan guarantee that the obligation shall not be subordinate to any other financing for the project. Prohibits likewise subordination to other financing of any reorganization, restructuring, or termination of the obligation.
Section 6 -
Subjects to certain administrative actions and civil penalties any federal official responsible for the issuance of an innovative energy project loan guarantee in violation of either the requirements of this Act or of title XVII of the Energy Policy Act of 2005.
Specifies such sanctions as:
(1) administrative discipline including, when circumstances warrant, suspension from duty without pay or removal from office; and
(2) personal liability for a civil penalty of between $10,000 and $50,000 for each violation.
Section 7 -
Directs the Comptroller General to study federal subsidies in energy markets from FY2003-FY2012, with particular focus upon subsidies supporting: (1) electricity production, transmission, and consumption; (2) transportation fuels and infrastructure; (3) energy-related research and development; and (4) facilities that manufacture energy-related components.
Requires the report to Congress on such study to identify and quantify:
(1) costs to the U.S. Treasury;
(2) impacts on U.S. energy security, electricity and transportation fuel prices, and private energy-related industries not benefitting from federal subsidies in energy markets;
(3) federal subsidies in energy markets provided to foreign persons or corporations; and
(4) subsidies and direct financial interest any of the 15 foreign countries with the largest gross domestic product (GDP) are providing to support energy markets in their respective countries.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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