The bill is named after the California solar panel manufacturer that collapsed last year after receiving a $535 million Energy Department loan guarantee in 2009. Click here and here for more on the bill.
The bill would prevent loan guarantees for any applications submitted after the end of 2011, and would place new restrictions on application reviews and existing loans.
The loan guarantee program was authorized in a bipartisan 2005 energy law, and expanded through a temporary addition to the program in President Obama’s 2009 stimulus law.
—This post was updated at 3:53 p.m. and 4:04 p.m.