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Public Statements

No More Solyndras Act

Floor Speech

Location: Washington, DC


Mr. GINGREY of Georgia. Mr. Chairman, I thank the chairman of the committee for yielding to me.

I want to respond to my Democratic colleague from Illinois who just spoke, my Democratic colleague who is the ranking member of a subcommittee of Energy and Commerce, the Subcommittee on Energy and Power.

Mr. Chairman, as you know, he used all of his allotted time plus additional time to talk and rail about a do-nothing Congress. I want to remind the gentleman and I want to remind all of my colleagues that this bill, this No More Solyndras Act that we are bringing to the House floor today, comes from another subcommittee of Energy and Commerce, a subcommittee of which the gentleman from Illinois is not a member. That subcommittee, as you all know, is the Subcommittee on Oversight and Investigation.

The gentleman made some points in regard to the public looking at us as a do-nothing Congress, and in many ways that's true. Not a lot has been done, and not a lot has been accomplished. But it sounds like he is suggesting that we members of the Oversight and Investigation Committee of Energy and Commerce, or, for that matter, any subcommittee on oversight and investigation of any standing committee of the House of Representatives, should sit back and do nothing because it's an election year.

Colleagues, it's an election year every 2 years. It's a Presidential election year every 4 years. We have our work to do.

I feel very compelled to stand here before you today and compliment, in the highest way, the chairman of this Subcommittee on Oversight and Investigation of Energy and Commerce in the House of Representatives, a distinguished Member with well over 20 years of service. You all know that he'll be retiring from this body after this year. I am so proud to be on that committee, to work with him, to have an opportunity to see how he handled this 18-month investigation of this Solyndra loan program through the Department of Energy, and how flawed that it was, and how diligent he was in trying to get the information necessary to connect the dots. Yes, even, indeed, issuing subpoenas to get the information. I am proud of the overall chairman of the committee, Fred Upton, the gentleman from Michigan, in regard to being very careful and deliberate and working with the other side of the aisle, not making a rush to judgment, but a very careful and planned investigation to finally get to where we are today. And I'm extremely proud of the work of the staff of the Subcommittee on Oversight and Investigation.

The CHAIR. The time of the gentleman has expired.

Mr. UPTON. I yield an additional 1 minute to the gentleman from Georgia.

Mr. GINGREY of Georgia. The bottom line, my colleagues, is we have work to do. If we're members of Oversight and Investigation, we have got to ferret out waste, fraud, abuse, corruption. Any program of the Federal Government that takes money from we, the taxpayer, whether it's a loan or a grant or whatever, we have to investigate, to look, to make sure that these programs are being done in the right way and not for political purposes. To promote an industry? Yes. But to make sure that this applicant is reasonable, that due diligence has occurred, that they have a good business plan, that they're not burning cash, and that we're not putting good money after bad. In this case, Mr. Chairman, it was $550 million. This is just one of three failed programs. Abound is another one. Beacon Power is another one. That is three out of the first four. There was something wrong in River City.

We're altogether correct and right in ending this program. That is why I stand here today, and I encourage each and every Member on both sides of the aisle to vote ``yes'' on the No More Solyndras Act.


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