This letter urges Congress not to increase available funding for the Department of Energy Innovation Technology Loan Guarantee program. This program would increase the total nuclear loan program to $27.5 billion to cover four nuclear projects. Loans for nuclear reactors have been found to have a 50% risk of default, a risk that will be borne by the taxpayer. Moreover, providing loan guarantees to financially risky projects that the private sector won’t finance is fiscally reckless and politically unwise.