Serial No. 115-03: Risky Business: The DOE Loan Guarantee Program, Joint Hearing Before the Subcommittee on Energy and the Subcommittee on Oversight of the Committee on Science, Space, and Technology, House of Representatives, One Hundred Fifteenth Congress, First Session, February 15, 2017   [open pdf - 5MB]

This is the February 15, 2017 joint hearing on "Risky Business: The DOE [Department of Energy] Loan Guarantee Program" held before the House of Representatives Subcommittee on Energy and the Subcommittee on Oversight of the Committee on Science, Space, and Technology. From the opening statement of Subcommittee Chairman Randy Weber: "Today, we will have the opportunity to review the past, the present, and the future of the Department of Energy's loan program. I want to thank our panel of witnesses for joining us in this important discussion about the appropriate federal role in supporting energy innovation. [...] It is our responsibility in this committee to examine Department of Energy programs and ensure our limited resources prioritize the kind of research and science facilities that open doors for all kinds of innovators. The Department cannot prioritize the basic research it does best if it's playing venture capitalist. Therefore, I think we need to take a hard look at the DOE loan guarantee program and determine whether it is an appropriate way to spend precious federal research dollars. In my opinion, and in the testimony you'll hear today, the American people would be better served if the federal government stopped picking winners and losers, focused on the R&D [Research and Development], and let the market drive the investment for energy innovation." Statements, letters, and materials submitted for the record include those of the following: Diane Katz, Chris Edwards, Dan Reicher, and Ryan Yonk.

Report Number:
Serial Number 115-03; Serial No. 115-03
Public Domain
Retrieved From:
Government Publishing Office: http://www.gpo.gov/
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