Sunset the department's lending authority and close the loan office
What the document says“Should seek to sunset DOE’s loan authority through Congress and eventually eliminate the Loan Program Office.”
This accompanies the proposal to make no new loans, and follows the chapter's argument that taxpayers should not have their dollars at risk without gaining the economic rewards of success.
What the document actually says“Should seek to sunset DOE’s loan authority through Congress and eventually eliminate the Loan Program Office.”
That sentence, in plain words
Ask Congress to end this power. Then close the loan office for good.
What this is about
The department has power to lend money. The book says Congress should take it away. Then the loan office would close.
No action is recorded against this proposal. That is not evidence that none has been taken. See what the tracker does not yet cover.