Written by Office of Congressman Mike Thompson
Saturday, 17 July 2010
WASHINGTON, DC – On Thursday Congressman Mike Thompson (D-CA) was joined by 29 other members of Congress in introducing legislation to protect clean energy initiatives that are important to homeowners in California and the rest of the country.
The PACE Assessment Protection Act of 2010 would order lenders to adopt standards that support Property Assessed Clean Energy (PACE) programs, rather than stymie green energy efforts.
“PACE programs are an important part of the push to create a green economy and reduce our reliance on foreign oil,” said Congressman Thompson. “They create jobs, and are an exciting way for homeowners to reduce their energy bills while also reducing greenhouse gas emissions. This is especially important in California, which has already taken significant steps to ensure that PACE programs are available to 70 percent of Californians by the end of 2010. And our district has been a national leader in getting these programs up and running – lending institutions should not interfere with these great green energy programs.”
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Bill Summary & Status - 111th Congress (2009 - 2010) - H.R.5766
Title:
To ensure that the underwriting standards of Fannie Mae and Freddie Mac facilitate the use of property assessed clean energy programs to finance the installation of renewable energy and energy efficiency improvements.
Sponsor: Rep Thompson, Mike
[CA-1] (introduced 7/15/2010)
Cosponsors
(29)
Latest Major Action:
7/15/2010 Referred to House committee. Status: Referred to the House Committee on Financial Services.
Thompson Bill Re FHFA 7-15-10
