Last week, legislation to prevent additional failed stimulus projects, like Solyndra (which cost American taxpayers $535 million) was introduced. The No More Solyndras Act will increase transparency and accountability and end failed programs so taxpayers aren't footing the bill for Washington's risky bets. Under the new legislation the Department of Energy is required to outline its decision-making process to Congress. Additionally, the loan guarantee program offered to Solyndra will be phased out. The bill's introduction comes the same week reports from the Wall Street Journal found that stimulus tax dollars were shipped overseas to foreign firms and workers. Learn more about the legislation here.
