Hultgren Legislation Subject Of House Committee Hearing
Washington, D.C. – U.S. Rep. Randy Hultgren (IL-14) today released the following statement after legislation he introduced was the subject of a hearing in the Energy & Environment Subcommittee of the Science, Space & Technology Committee. Hultgren’s bill, H.R. 2090, the Energy Critical Elements Act of 2011, was introduced in June with bipartisan support.
“The legislation discussed today addresses energy critical elements in a commonsense, market-oriented way,” said Hultgren. “These elements are intrinsically rare in distribution and the economics of their production as well as geopolitics leads to uncertain supply, yet they are vital to the modern world. I thank Chairman Harris for holding a hearing on this important topic, and thank Dr. Jaffe and the other witnesses for their time and testimony.”
Other bills have been introduced to address supply issues surrounding these elements, relying on a combination of loan guarantees for mining companies, task forces, and government-mandated stockpiling. Instead, Hultgren’s legislation relies on information-gathering, research and recycling.
“In the wake of taxpayer-funded boondoggles like Solyndra, it’s clear that the way forward shouldn’t be loan guarantees that enable the private sector to gamble with the American public’s money,” said Hultgren. “Instead, the ‘triad’ apparatus in this legislation takes a market-based approach that will enhance the supply of these elements for both academia and industry while protecting American taxpayers.”