Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Economic StabilizationPublisher:
ISBN:
Category : Government lending
Languages : en
Pages : 352
Book Description
Catalog of Federal Loan Guarantee Programs
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Economic StabilizationPublisher:
ISBN:
Category : Government lending
Languages : en
Pages : 352
Book Description
Loan Guarantees
Author: United States. Congressional Budget OfficePublisher:
ISBN:
Category : Credit insurance
Languages : en
Pages : 78
Book Description
Federal Loan Guarantee Programs : a Descriptive Summary
Author: Catalog of Federal Loan Guarantee Programs
Author: Martha M. LongPublisher:
ISBN:
Category : Loans
Languages : en
Pages : 228
Book Description
Federal Loan Guarantees
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Economic StabilizationPublisher:
ISBN:
Category : Federal Reserve banks
Languages : en
Pages : 160
Book Description
Loan Guarantee Program
Author: United States. Congress. Senate. Committee on Energy and Natural ResourcesPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 120
Book Description
A Guidelines Handbook on Federal Loan Guarantee Programs
Author: Guaranteed Student Loan Programs
Author: United States. Office of EducationPublisher:
ISBN:
Category : Federal aid to education
Languages : en
Pages : 46
Book Description
Risky Business
Author: Subcommittee on Energy & Subcommittee onPublisher: Createspace Independent Publishing Platform
ISBN: 9781546634966
Category :
Languages : en
Pages : 118
Book Description
Established by the Energy Policy Act of 2005, the Department of Energy's loan guarantee program was designed to give federal support to risky, innovative, clean energy technology. Under a federal loan guarantee, instead of the private sector taking on risk to fund the scaleup of new technology, the government steps in, risking federal dollars on the hopes for success of these energy projects. Through the section 1703 and 1705 programs, the Department guaranteed loans to 30 energy companies, putting about $28 billion of taxpayer money on the line. Easy money combined with political pressure to issue loans before the temporary subsidy program expired led the DOE to rush loan applications. Both the DOE Inspector General and the Government Accountability Office found that DOE did not have the necessary expertise or the metrics to effectively evaluate these loans. A number of companies that received section 1705 loans went into default. In total, over $800 million in taxpayer money has been wasted by this DOE loan program. The GAO estimates that the cost for the current loan guarantees is $2.2 billion. Supporters argue the cost is justified if we can help innovative technologies make the leap to the commercial market. But what if federal meddling in the market actually hurts innovation?
Loan Guarantee Program
Author: United States. Congress. Senate. Committee on Energy and Natural ResourcesPublisher:
ISBN:
Category : Biomass energy
Languages : en
Pages : 88
Book Description