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28%  
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  • Chairman Issa Responds to DOE Announcement that Severstal’s Loan will not be Funded

    01/07/2012 9:15:38 PM PST · by Rabin · 3 replies · 1+ views
    oversight.house ^ | Friday, 6 January 2012 | staff
    WASHINGTON, D.C. – House Oversight and Government Reform Committee Chairman Darrell Issa today responded to the Energy Department's announcement that their $730 million loan to Severstal, a Russian steel company, will not be granted... "While I am pleased that the Department of Energy has reconsidered its decision to fund a $730 million loan to Severstal, it's deeply disconcerting to know that this loan would have gone forward had Congress not raised concerns… Following the waste of taxpayer dollars in the collapse of Solyndra, the Department of Energy needs....