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The report said Treasury was rushed in its consultative review of the Solyndra loan guarantee because:

• There was no common understanding or definition of what constituted Treasury’s consultative role within Treasury or between Treasury and Energy.

• There were no policies and procedures governing Treasury’s consultative process with respect to loan reviews to include guidance on the composition, role and responsibilities of consultative review teams and the production and retention of key consultative review documents evidencing the deliberation, resolution of concerns, and key decisions.

The report recommended that Treasury work with Energy to establish a definition of what its consultative role is and what it should include. It also said Treasury needed to better understand what constitutes substantial changes in the financial terms and conditions of a loan guarantee.