Statement from Ryan Alexander, president, Taxpayers for Common Sense on the passage of the No More Solyndras Act:

Today House lawmakers passed the fatally flawed ” No More Solyndras Act ” enabling tens of billions of dollars in high-risk, costly loan guarantees to move forward. Instead of fulfilling its promise, this misleadingly named bill will allow the loan guarantee applications go forward for projects as reckless as the uranium enrichment facility for the near bankrupt United States Enrichment Corporation (USEC) and an $8 billion nuclear reactor project for Southern Company that has experienced numerous cost overruns. To truly protect taxpayers all loan guarantees must stop. This bill misses the mark and jeopardizes billions of taxpayer dollars.