Extends authorization of appropriations for home energy grants to FY 2005.
Amends the Home Owners' Loan Act to include residential energy efficiency improvement loans among the assets of a savings association that qualify as qualified thrift investments.
Amends the Truth in Lending Act to require a creditor, when determining consumer eligibility for a residential energy efficiency improvement loan, to take into account estimated future savings attributable to energy efficiency improvements.
Amends the following Acts to instruct the Secretary of Housing and Urban Development to develop and implement measures that promote financial incentives for increased energy efficiency: (1) National Housing Act; (2) the Housing Act of 1949; (3) the Federal National Mortgage Association Charter Act; and (4) the Federal Home Loan Mortgage Corporation Act.
[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2224 Introduced in House (IH)]
107th CONGRESS
1st Session
H. R. 2224
To amend the Low-Income Home Energy Assistance Act of 1981 to provide
supplemental funds for States with programs to facilitate the
collection of private donations by utilities to be used for payment of
the utility bills, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
June 19, 2001
Mr. Ford introduced the following bill; which was referred to the
Committee on Energy and Commerce, and in addition to the Committees on
Financial Services, and Education and the Workforce, for a period to be
subsequently determined by the Speaker, in each case for consideration
of such provisions as fall within the jurisdiction of the committee
concerned
_______________________________________________________________________
A BILL
To amend the Low-Income Home Energy Assistance Act of 1981 to provide
supplemental funds for States with programs to facilitate the
collection of private donations by utilities to be used for payment of
the utility bills, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Energy Efficiency and Assistance Act
of 2001''.
SEC. 2. SUPPLEMENTAL LIHEAP FUNDING FOR STATES WITH CERTAIN PROGRAMS.
Section 2607A(b) of the Low-Income Home Energy Assistance Act of
1981 (42 U.S.C. 8626a) is amended by adding the following at the end
thereof:
``The term `leveraged resources' also includes any State program which
facilitates the collection of donations by electric and gas utilities
to be used by public agencies or private nonprofit organizations to pay
the electric and natural gas utility bills of individuals in households
with incomes which do not exceed an amount equal to 200 percent of the
poverty level for the State concerned and other individuals with
insufficient financial resources to pay such bills.''.
SEC. 3. LIHEAP AND SUPPLEMENTAL LIHEAP AUTHORIZATIONS.
Section 2602 of the Low-Income Home Energy Assistance Act of 1981
(42 U.S.C. 8621) is amended as follows:
(1) In subsection (b), strike ``$2,000,000000 for each of
fiscal years 2002 through 2004'' and insert ``$3,400,000,0000
for each of the fiscal years 2002 through 2005''.
(2) Amend subsection (d) to read as follows:
``(d) There is authorized to carry out section 2607A, $100,000,000
for each of the fiscal years 2002 through 2005.''.
SEC. 4. ENERGY EFFICIENT HOME FINANCING.
(a) Residential Energy Efficiency Improvement Loans Included as
Qualified Thrift Investment.--Subclause (I) of section 10(m)(4)(C)(ii)
of Home Owners' Loan Act (12 U.S.C. 1467a(m)(4)(C)(ii)(I)) is amended
by inserting ``, including residential energy efficiency improvement
loans'' before the period at the end.
(b) Projected Energy Savings Taken Into Account in Determining Loan
Eligibility.--
(1) In general.--Chapter 2 of the Truth in Lending Act (15
U.S.C. 1631 et seq.) is amended by adding at the end the
following new section:
``Sec. 140. Residential energy efficiency improvement loans
``(a) Energy Savings.--In making any determination concerning the
eligibility of any consumer for a residential energy efficiency
improvement loan, the creditor shall take into account the amount of
the estimated future savings attributable to the improvements in energy
efficiency.
``(b) Factors for Consideration.--In reviewing regulations
prescribed under this title and considering proposed regulations under
this title, the Board shall consider--
``(1) whether the regulations or proposed regulations make, or
could make, residential energy efficiency improvement loans more
affordable; and
``(2) whether any changes could be made in such regulations to
provide more flexibility for home equity loans in order to make such
loans more readily available to low- and moderate-income consumers for
the purposes of improving residential energy efficiency.
``(c) Residential Energy Efficiency Improvement Loan Defined.--For
purposes of this section, the term `residential energy efficiency
improvement loan' means any loan or extension of credit, secured or
unsecured, the proceeds of which are to be used for improving the
energy efficiency of residential real property, including the purchase
and installation of alternative sources of energy.''.
(2) Clerical amendment.--The table of sections for chapter
2 of the Truth in Lending Act is amended by inserting after the
item relating to section 139 the following new item:
``140. Residential energy efficiency improvement loans''.
(c) FHA.--Title V of the National Housing Act (12 U.S.C. 1731a et
seq.) is amended by adding at the end the following new section:
``SEC. 543. INCENTIVES TO INCREASE ENERGY EFFICIENCY.
``Not later than 12 months after the date of the enactment of the
Energy Efficiency and Assistance Act of 2001, the Secretary shall--
``(1) develop and implement measures under the mortgage
insurance programs under this Act--
``(A) to provide financing incentives to improve
the energy efficiency of residential properties subject
to mortgages insured under this Act;
``(B) to make energy efficient mortgages (as such
term is defined in section 106(c) of the Energy Policy
Act of 1992 (42 U.S.C. 12712 note)) more affordable and
available; and
``(C) to ensure that, in making any determination
concerning the eligibility of any borrower for a
mortgage insured under this Act that includes financing
for any residential energy conservation measures (as
such term is defined in section 210 of the National
Energy Conservation Policy Act (42 U.S.C. 8211)), the
lender shall take into account the amount of the
estimated future savings attributable to the
improvements in energy efficiency; and
``(2) submit a report to the Congress specifying the
actions taken to carry out the requirements under paragraph
(1).''.
(d) Rural Housing.--Title V of the Housing Act of 1949 (42 U.S.C.
1471 et seq.) is amended by adding at the end the following new
section:
``SEC. 544. INCENTIVES TO INCREASE ENERGY EFFICIENCY.
``Not later than 12 months after the date of the enactment of the
Energy Efficiency and Assistance Act of 2001, the Secretary shall--
``(1) develop and implement measures under the housing loan
programs under this title--
``(A) to provide financing incentives to improve
the energy efficiency of residential properties puon
210 of the National Energy Conservation Policy Act (42
U.S.C. 8211)), the lender shall take into account the
amount of the estimated future savings attributable to
the improvements in energy efficiency; and
``(2) submit a report to the Congress specifying the
actions taken to carry out the requirements under paragraph
(1).''.
(e) Fannie Mae.--The Federal National Mortgage Association Charter
Act (12 U.S.C. 1716 et seq.) is amended by inserting after section 304
the following new section:
``incentives to increase energy efficiency--federal national mortgage
association
``Sec. 305. Not later than 12 months after the date of the
enactment of the Energy Efficiency and Assistance Act of 2001, the
corporation shall--
``(1) develop and implement measures or standards for loans
purchased by the corporation--
``(A) to provide financing incentives to improve
the energy efficiency of residential properties
purchased with such loans;
``(B) to make energy efficient mortgages (as such
term is defined in section 106(c) of the Energy Policy
Act of 1992 (42 U.S.C. 12712 note)) more affordable and
available; and
``(C) to ensure that, in making any determination
concerning the eligibility of any borrower for such a
loan that includes financing for any residential energy
conservation measures (as such term is defined in
section 210 of the National Energy Conservation Policy
Act (42 U.S.C. 8211)), the lender shall take into
account the amount of the estimated future savings
attributable to the improvements in energy efficiency;
and
``(2) submit a report to the Congress specifying the
actions taken to carry out the requirements under paragraph
(1).''.
(f) Freddie Mac.--The Federal Home Loan Mortgage Corporation Act
(12 U.S.C. 1451 et seq.) is amended by adding at the end the following
new section:
``incentives to increase energy efficiency
``Sec. 311. Not later than 12 months after the date of the
enactment of the Energy Efficiency and Assistance Act of 2001, the
Corporation shall--
``(1) develop and implement measures or standards for loans
purchased by the Corporation--
``(A) to provide financing incentives to improve
the energy efficiency of residential properties
purchased with such loans;
``(B) to make energy efficient mortgages (as such
term is defined in section 106(c) of the Energy Policy
Act of 1992 (42 U.S.C. 12712 note)) more affordable and
available; and
``(C) to ensure that, in making any determination
concerning the eligibility of any borrower for such a
loan that includes financing for any residential energy
conservation measures (as such term is defined in
section 210 of the National Energy Conservation Policy
Act (42 U.S.C. 8211)), the lender shall take into
account the amount of the estimated future savings
attributable to the improvements in energy efficiency;
and
``(2) submit a report to the Congress specifying the
actions taken to carry out the requirements under paragraph
(1).''.
<all>
Introduced in House
Introduced in House
Referred to the Committee on Energy and Commerce, and in addition to the Committees on Financial Services, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Energy and Commerce, and in addition to the Committees on Financial Services, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Energy and Commerce, and in addition to the Committees on Financial Services, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Energy and Commerce, and in addition to the Committees on Financial Services, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Energy and Air Quality.
Referred to the Subcommittee on Housing and Community Opportunity.
Referred to the Subcommittee on Education Reform.
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