From the office of Rep. Adam Kinzinger (R, Illinois 11th District)…
Congressman Adam Kinzinger joined the Willis Report on the Fox Business Network to discuss the developments over the Solyndra loan guarantee and the upcoming hearing on the House Energy & Commerce Subcommittee on Oversight and Investigations.
"You have Solyndra that restructured a loan so that in case it goes bankrupt the first $75 million in assets are paid to two investors and not the American taxpayers. So the chance of us getting our money back is not looking good. The chance of us getting any of the billions of dollars we pushed out the door, coming back, is not looking good. And, we're not even getting the jobs that the Administration promised."
Also today Congressman Adam Kinzinger (IL-11), a member of the House Energy & Commerce, applauded passage of H.R. 358, the Protect Life Act. Kinzinger is a cosponsor of this legislation to amend the Patient Protection and Affordable Care Act, to ensure no health care reform funds are used to pay for abortions.
"In a time of economic hardship, I intend to do everything in my power to ensure Congress is using American taxpayers' money efficiently and effectively. The use of our tax dollars to subsidize abortions and abortion providers is simply unacceptable. Additionally, the Protect Life Act also prohibits the federal government from requiring private insurance companies to cover abortion and protects health care providers from discrimination for refusal to participate in abortions. This legislation makes certain that taxpayers will not foot the bill for abortions or abortion coverage under the President's health care law."
The Protect Life Act is modeled after the bipartisan Stupak-Pitts amendment, which was added to the the Patient Protection and Affordable Care Act in the House in 2009, but was excluded from the final law.