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Fleming Amendment Ends Another Taxpayer Bailout

Taxpayers shouldn’t have to make up the difference when Obama stimulus loans are not paid back.

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Washington, D.C., Jul 11, 2013 | Doug Sachtleben ((202) 225-2777) | comments
 Congressman John Fleming, M.D., released the following statement after the House of Representatives approved an appropriations bill that included his amendment to stop a $3.25 billion green energy loan program:

“The Obama 2009 stimulus bill cost taxpayers about $830 billion, and much of it was wasted on growing government and administration giveaways, like a $3.25 billion loan program that put taxpayers on the hook for failed green energy projects. A company could take a government loan and walk away from a project without paying taxpayers back, even if the company remained in business. In a free market economy companies may turn to banks and investors to borrow money, but the government should not force taxpayers to be lenders, even as it gives borrowers a pass on paying back their loans.”

Note: The Fleming amendment to the Energy and Water Appropriations bill was approved late last night by a bipartisan vote of 230-194. Rep. Fleming spoke about his amendment on the House floor.

Dr. John Fleming is Chairman of the Natural Resources Subcommittee on Fisheries, Wildlife, Oceans and Insular Affairs and is a member of the House Armed Services Committee. He is a physician and small business owner and represents the 4th Congressional District of Louisiana.
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