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Energy and Water Development and Related Agencies Appropriations Act, 2013

Floor Speech

Location: Washington, DC


Mrs. ADAMS. Mr. Chairman, I rise this evening in support of the Adams-Stearns-Scalise-Broun amendment, which ensures the protection of taxpayer dollars at the Department of Energy. American taxpayers were left out in the cold when President Obama's administration went through with this loan when the now-defunct bankrupt Solyndra was restructured.

In the restructuring agreement, the Department of Energy ensured investors and special interests would recover their money first, before the American taxpayers. This is unacceptable.

Although the Department of Energy continues to argue that it has the power under Federal law to put the needs of the American taxpayer at the back of the line in a financial crisis, this amendment makes it absolutely clear the Department shall not do it again.

This amendment will ensure that if the taxpayers take a risk, they will be protected when the loan goes bad. I thank Chairman Stearns, and Representatives Scalise and Broun for their leadership on this issue and I urge support of this amendment.


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