House GOP Eyes Solyndra's $535M Stimulus Loan

Law360, New York (February 18, 2011, 11:52 AM EST) -- On the second anniversary of the American Recovery and Reinvestment Act, House Republicans are questioning the success of a $535 million U.S. Department of Energy loan guarantee to Solyndra Inc., which recently canceled a planned expansion.

House Energy and Commerce Committee chairman Fred Upton, R-Mich., and oversight and investigations subcommittee chairman Cliff Stearns, R-Fla., wrote to DOE Secretary Steven Chu on Thursday seeking documents and communications connected to the $535 million loan guarantee, the first awarded under the DOE's $6 billion ARRA loan guarantee funding for...
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