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Public Statements

No More Solyndras Act

Floor Speech

Location: Washington, DC


Mr. GARDNER. I thank Chairman Upton for his leadership on the Solyndra investigation, and I also thank Chairman Stearns for the great work that you did to really, no pun intended, bring this issue to light, the work that has happened over the past year with Solyndra.

Last week was the 1-year anniversary of Solyndra's chapter 11 bankruptcy filing, an anniversary that was by no means met with ticker tape parades around the country.

I've held 74 town meetings in my district. At each one, people talk about responsibility, the responsibility of the Federal Government to watch how our dollars are being spent to make sure that Federal taxpayer dollars are being spent wisely.

Then they talk about Solyndra. They don't talk about Solyndra and say, you know, you should have kept giving them money. Why didn't those people keep giving Solyndra money? They talk about how did it happen in the first place. How did a committee that said ``no'' then come back and say ``yes''? How did a committee succumb to political pressure to put on a press conference for the Vice President so they could have great celebrations about spending a trillion dollars more in our stimulus bill?

If people on the floor are so excited about Solyndra, why aren't they investing their money into it? But instead, they're putting their hope into a government program so that government program can take the risk, and in fact it did. It took the bankruptcy.

Well, the sun has set on the Solyndra scandal, and it's a good thing, too, because the American people are tired of waste and abuse and fraud, and that's exactly what happened here.

The fact is half a billion dollars in taxpayer money is gone, and I can't believe hearing the debate today that defends Solyndra, that defends the abuse of taxpayer dollars that says we should have done more. We shouldn't have done more. We shouldn't have done it at all. The fact that this company had a credit rating that they knew they were in trouble. The Department of Energy's oversight failed.

I support this bill. Let's protect the taxpayer dollars.


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