Vivek Ramaswamy—who will head up a new Department of Government Efficiency (DOGE) alongside Elon Musk—said the U.S. Department of Energy’s (DOE) $7.5 billion loan proposal to StarPlus Energy LLC announced on Monday should be revoked.
StarPlus Energy LLC is a joint venture between Stellantis and Samsung. Ramaswamy noted in a post on X that Stellantis’s CEO resigned the day before the loan announcement.
“Biden’s midnight spending spree is illegitimate and should be rescinded,” he wrote.
“DOGE will carefully scrutinize every one of these questionable 11th-hour transactions, starting on Jan 20.”
He said that the money will come from the Advanced Technology Vehicles Manufacturing (ATVM) loan program, which he noted was criticized by the Government Accountability Office (GAO) in 2014 for being duplicative….