'No More Solyndras' Bill Clears GOP-Led House Panel

Law360, New York (August 1, 2012, 10:08 PM EDT) -- Republican House members on Wednesday waved the No More Solyndras Act out of committee with a provision that would definitively prohibit the subordination of government loan guarantees to private interests in U.S.-backed power projects.

With the amendment, majority members of the GOP-dominated Committee on Energy and Commerce sharpened their recent attack on the U.S. Department of Energy, which in 2010 enticed Solyndra LLC's backers to prop up the failing solar panel maker by offering to have the government take a backseat to private equity investors in...
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