House bill would prevent U.S. Energy Department from issuing loan guarantees

House Republicans have introduced a bill that would keep the U.S. Energy Department from issuing future loan guarantees like the one given to now-collapsed Solyndra LLC.
Two House Energy and Commerce Committee panels will consider the bill at a July 12 hearing.
The bill would also create more congressional oversight over Energy Department agreements.

From the article:

House Republicans investigating the collapse of Solyndra LLC proposed legislation that would bar the U.S. Energy Department from issuing any loan guarantees for projects submitted this year or later.

The measure, which will be discussed by two House Energy and Commerce Committee panels at a July 12 hearing, also requires the Treasury Department to review U.S. financing for applications submitted before Dec. 31, 2011 ...