Today the Senate is voting on dozens of amendments to its annual Budget Resolution; the blueprint for the Congress’s spending plan for 2010. While the hundreds of amendments currently on the table cover the spectrum of good, bad, and ugly, one non-binding amendment regarding the DOE loan guarantee program caught our attention. Just two months ago we aggressively opposed a proposal to expand the loan guarantee program in the stimulus. The expansion was defeated, but this amendment that could potentially be voted on today shows it is not forgotten.
The proposed amendment, filed by Senators Crapo, Graham, Brownback, and Voinovich creates a deficit neutral reserve fund for a $50 billion expansion of the DOE Loan Guarantee program. At this point it is unclear if the amendment will receive a vote today or be lost in the shuffle of the dozens of amendments to be considered.
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