Our Take

Massive Increase for DOE Loan Guarantee Program Dropped from Budget Resolution

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April 28, 2009
Programs: Budget & Tax, Energy

The Conference Agreement on the Budget Resolution that is expected to pass the House and Senate today does not include language supporting a $50 billion increase for the Department of Energy Loan Guarantee Program. The $50 billion expansion was included in the original Senate bill but removed in conference negotiations with the House. Authored by Senator Crapo, the language supported a doubling of the program’s untapped budget authority.

In addition to the loan guarantee amendment, the budget resolution conference also removed another provision offered by Senator Crapo to increase spending on nuclear reprocessing, an expensive and failed technology.

Filed under: Avoid Unnecessary Liabilities

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