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House Votes To End Solyndra-Style Loans

The Republican-controlled House of Representatives passed a bill on Friday that would phase out a program for energy loans after a lengthy investigation into why a now-bankrupt California solar panel maker got a $535 million government loan.

The "No More Solyndras" bill, named after the company that has become a stock campaign talking point for Republicans ahead of the November 6 presidential elections, is highly unlikely to be taken up by the U.S. Senate or signed by President Barack Obama.

Source: Reuters. Read full article. (link)

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