Chu Fights New GOP Claims Against Energy Loan Programs

Law360, New York (March 20, 2012, 3:54 PM EDT) -- Secretary of Energy Steven Chu defended his agency Tuesday against allegations from the top congressional oversight panel that the U.S. Department of Energy’s loan programs were plagued by mismanagement and corruption, saying the programs were aggressively monitored and deserved renewal.

In a House Oversight and Government Reform Committee hearing, Chu rejected claims from the chair, Darrell Issa, R-Calif., and other Republicans that the DOE’s clean-energy loan programs and its home weatherization assistance program suffered from extensive fraud and abuse.

Issa has launched multiple investigations into the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.