Skip Navigation Links
Front Page
About GNSExpand About GNS
Business/Industry
CommunitiesExpand Communities
EducationExpand Education
Entertainment
Links Directory
Maritime
Medicine & Science
Opinion/ForumExpand Opinion/Forum
Public Safety
Transportation
Weather


Remembering Jim Guidry Bay Area Houston Economic Partnership Gulf Coast Big Brothers Big Sisters
Galveston County
Island Oktoberfest
Weber introduces DOE Loan Guarantee Program Repeal Act
Press Release
Thursday, October 12, 2017

Washington, D.C. – Congressman Randy Weber (R – Friendswood) introduced legislation prohibiting the Department of Energy from issuing new loan guarantees.  After introducing H.R. 4035, DOE Loan Guarantee Program Repeal Act, Congressman Weber released the following statement:

"The Department of Energy is a research and development institution, not a venture capitalist.  DOE’s controversial program to provide taxpayer-backed loan guarantees to private energy companies skews the market and stifles innovation.  My bill will end this program, allowing DOE to prioritize the basic research it does best.  

The American people will be better served when the federal government stops picking winners and losers.  Market forces, not Washington, should direct the flow of private sector investments in innovative energy technology.”




West Galveston Island Property Owners Association
Coastal Surge Protection GRCC
GRCC


Guidry News Service is headquartered in Midtown Houston.
at 4001 Fannin Street, Suite 4109, Houston, TX. 77004-4077
(409) 763 NEWS(6397)         News@GuidryNews.com
© 1996, Guidry News Service. Duplication of any part of this website in any manner is prohibited.