Economic Recovery Task Force

The American Reinvestment and Recovery Act (ARRA) appropriated $6 billion to the U.S. Department of Energy’s (DOE) Title XVII Loan Guarantee Program to support loan guarantees of up to $60 billion for renewable energy and electric power transmission projects.  Potential applicants for these loan guarantees include companies involved in alternative energy production (such as solar, wind and hydropower projects), leading-edge biofuel projects, and projects designed to upgrade electric power transmission.  Interested companies would do well to revisit the opportunities available through the Program and the latest appropriation, as well as the many requirements established under the Program’s final administrative rule. (more…)

On March 26, 2009, Secretary of the Treasury Timothy Geithner appeared in front of the Committee on Financial Services of the U.S. House of Representatives to introduce his proposal for comprehensive financial regulatory reform. In his testimony Secretary Geithner made it clear that he’s not looking for modest repairs—he’s looking for “new rules of the game”. The proposed regulatory reform, which is still in the early stages of development and will require Congressional approval, reflects a range of complex and consequential policy choices that directly impact private investment funds and their advisers.  (more…)