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)