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The bill would prohibit energy officials from considering applications for loan guarantees filed after 2011.
Their proposal is near the head of the line for loan guarantees from the Energy Department.
He went on to Washington today to lobby for loan guarantees for Israel.
This is precisely why the industry is looking for loan guarantees; the private sector won't fund new plants.
The International Monetary Fund and the European Commission have imposed stringent austerity measures in return for loan guarantees.
Detroit would be producing vehicles more in tune with current customer needs, rather than asking for loan guarantees.
US Airways would be the seventh and largest carrier to apply for loan guarantees from the federal government.
The following week, his administration proposed tripling the amount of money available for loan guarantees for nuclear power, to $54.5bn.
Only five months ago, US Airways joined its competitors in balking at applying for loan guarantees from the federal government.
"It is important that small businesses who apply for loan guarantees that they are able to get their money.
It also means that the president's proposed $36 billion for loan guarantees to construct new facilities should also be frozen.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com