House GOP demands details on Energy Department loan guarantees

Among the signers of the letter are Chairman Fred Upton (R-Mich.), Vice Chairwoman Marsha BlackburnMarsha BlackburnBiden's misinformation crackdown spotlights partisan divide on content reform White House looks to cool battle with Facebook Republicans raise concerns about Olympians using digital yuan during Beijing Games MORE (R-Tenn.) and former Chairman Joe Barton (R-Texas).


The letter notes that three recipients of loan guarantees, including the solar company Solyndra, have declared bankruptcy after accepting a combined $630 million in loans. 

Republican legislators have often accused the program of propagating "crony capitalism," as Mitt Romney claimed in a visit to Solyndra's shuttered offices last year. 

The Energy Department's website claims that the loans have created approximately 60,000 jobs, though that number includes construction positions such as the 3,000 brought by Solyndra.

The troubled electric automaker Fisker, which has received $192 million in federal loans, has been the most recent example for the program's opponents. The company is on the verge of bankruptcy and has laid off the vast majority of its workers in its struggle to stay solvent

Last week, the government seized $21 million from the car company, and its founder was subject to a barrage of criticism in a hearing before a subcommittee of the House Oversight and Government Reform Committee.