Four taxpayer and conservative groups say a House GOP bill to curtail the Energy Department’s loan guarantee program doesn’t go far enough.

The House is slated to vote Friday on the “No More Solyndras” bill, which bars loans for green energy projects for applications submitted after 2011, and sets new parameters for review of existing projects.

But Taxpayers for Common Sense, the Heritage Foundation, the National Taxpayers Union and the Competitive Enterprise Institute issued statements ahead of the vote Wednesday critical of the bill.

They’re upset that the bill – named after the Energy Department-backed solar manufacturing company that collapsed last year – would still allow billions of dollars worth of new loans to proceed for projects already in the review pipeline.

Link to original article / Continue Reading...

E2 Wire is The Hill's Energy and Environment Blog.