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HR 1573 111th Congress House Energy Energy efficiency and conservation Government lending and loan guarantees Government trust funds Housing and community development funding Housing finance and home ownership Residential rehabilitation and home repair

National Home Energy Savings Revolving Fund Act

Introduced: March 17, 2009 Introduced by: Van Hollen, Chris Democratic · Maryland See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 18, 2009
Referred to the Subcommittee on Energy and Environment.
Mar 17, 2009
Referred to the House Committee on Energy and Commerce.
Mar 17, 2009
Introduced in House
 Plain-English summary Congressional Research Service

National Home Energy Savings Revolving Fund Act - Establishes within the Department of Energy (DOE) the National Home Energy Savings Revolving Fund to provide funds to local governments for use in making loans to homeowners for the costs of conducting a qualified home energy audit and implementing, acquiring, and installing certified energy savings improvements.

Requires the Secretary of Energy to establish procedures and techniques for home energy audits that: (1) establish priorities for selection of energy savings improvements based on their cost-effectiveness, payback period, and contribution to energy savings; (2) measure the energy requirement of individual dwellings and the rate of return of the total energy savings investment in a dwelling; and (3) account for interaction among energy savings measures.

Sets forth requirements concerning loan eligibility and repayment. Limits the total loan amount to a single homeowner to $10,000.

What's happening now March 18, 2009

Referred to the Subcommittee on Energy and Environment.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1