House Passes Stopgap Bill With Cuts in Cleantech Loans

"WASHINGTON — The House on Friday passed a new version of a stopgap spending bill about 30 hours after rejecting a nearly identical version of the legislation, intended to keep the government open and to provide assistance to victims of natural disasters."

"The vote was 219 to 203.

House Republican leaders, trying to recover from a humiliating political defeat, made one change in the bill. The new version would offset more of the cost of disaster assistance by rescinding $100 million from an Energy Department program that guaranteed a loan for Solyndra, the solar equipment manufacturer that filed recently for bankruptcy protection.  ...

The new version of the House bill, like the original, would partially offset the cost of disaster assistance by cutting a separate Energy Department loan program that promotes development of energy-efficient cars. This cut infuriates Democrats in the House and the Senate, who say the program is creating thousands of jobs at automakers and auto parts suppliers."

Robert Pear reports for the New York Times September 22, 2011.


"House GOP Plays Solyndra for All It's Worth" (Politico)

"How Congress Could Risk a Government Shutdown Over Clean-Energy Loans" (Washington Post)


Source: NY Times, 09/23/2011