3.0.0 2599 2023-01-11T13:22:43Z 2023-01-11T13:22:43Z House H HR 2011-07-20 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. HAYWORTH:H.R. 2599.Congress has the power to enact this legislation pursuantto the following:The Commerce Clause (Art. I, Sec. 8, cl. 3) of the UnitedStates Constitution.[Page H5285]]]> hsba00 Financial Services Committee House Standing hsba04 Housing and Insurance Subcommittee Referred to 2011-08-22T18:08:29Z hsba16 Capital Markets Subcommittee Referred to 2011-08-22T18:08:22Z Referred to 2011-07-20T14:01:20Z 2011-08-22 hsba04 Housing and Insurance Subcommittee 1 House committee actions Referred to the Subcommittee on Insurance, Housing and Community Opportunity. Committee 2011-08-22 hsba16 Capital Markets Subcommittee 1 House committee actions Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. Committee 2011-07-20 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-07-20 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-07-20 Introduced in House IntroReferral 1000 9 Library of Congress H001054 Rep. Hayworth, Nan A. S. [R-NY-19] Nan Hayworth R NY A. S. 19 N T000460 Rep. Thompson, Mike [D-CA-1] MIKE THOMPSON D CA 1 2011-07-20 True L000517 Rep. Lungren, Daniel E. [R-CA-3] DANIEL LUNGREN R CA EDWARD 3 2011-07-20 True S000244 Rep. Sensenbrenner, F. James, Jr. [R-WI-5] F. SENSENBRENNER R WI JAMES 5 2011-07-20 True S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2011-07-20 True F000461 Rep. Flores, Bill [R-TX-17] Bill Flores R TX 17 2011-07-20 True C001053 Rep. Cole, Tom [R-OK-4] Tom Cole R OK 4 2011-07-20 True H001051 Rep. Hanna, Richard L. [R-NY-24] Richard Hanna R NY L. 24 2011-07-20 True D000613 Rep. Dold, Robert J. [R-IL-10] Robert Dold R IL J. 10 2011-07-20 True M001138 Rep. Manzullo, Donald A. [R-IL-16] DONALD MANZULLO R IL 16 2011-07-20 True C001036 Rep. Capps, Lois [D-CA-23] LOIS CAPPS D CA 23 2011-07-20 True W000738 Rep. Woolsey, Lynn C. [D-CA-6] LYNN WOOLSEY D CA 6 2011-07-20 True P000593 Rep. Perlmutter, Ed [D-CO-7] Ed Perlmutter D CO 7 2011-07-20 True M001163 Rep. Matsui, Doris O. [D-CA-5] Doris Matsui D CA O. 5 2011-07-20 True P000598 Rep. Polis, Jared [D-CO-2] Jared Polis D CO 2 2011-07-20 True S000583 Rep. Smith, Lamar [R-TX-21] LAMAR SMITH R TX 21 2011-07-28 False L000480 Rep. Lowey, Nita M. [D-NY-18] NITA LOWEY D NY M. 18 2011-07-28 False R000435 Rep. Ros-Lehtinen, Ileana [R-FL-18] ILEANA ROS-LEHTINEN R FL 18 2011-07-28 False S001186 Rep. Southerland, Steve II [R-FL-2] Steve Southerland R FL 2 2011-07-28 False K000210 Rep. King, Peter T. [R-NY-3] PETER KING R NY T. 3 2011-07-28 False H000627 Rep. Hinchey, Maurice D. [D-NY-22] MAURICE HINCHEY D NY D. 22 2011-07-28 False W000807 Rep. West, Allen B. [R-FL-22] Allen West R FL B. 22 2011-08-01 False D000598 Rep. Davis, Susan A. [D-CA-53] SUSAN DAVIS D CA A. 53 2011-08-01 False D000197 Rep. DeGette, Diana [D-CO-1] DIANA DEGETTE D CO 1 2011-10-06 False C001059 Rep. Costa, Jim [D-CA-20] Jim Costa D CA 20 2011-10-06 False S000810 Rep. Stark, Fortney Pete [D-CA-13] PETE STARK D CA 13 2011-10-06 False C001064 Rep. Campbell, John [R-CA-48] John Campbell R CA 48 2011-10-06 False S001175 Rep. Speier, Jackie [D-CA-12] Jackie Speier D CA 12 2011-10-06 False H001042 Rep. Hirono, Mazie K. [D-HI-2] Mazie Hirono D HI K. 2 2011-10-06 False S001150 Rep. Schiff, Adam B. [D-CA-29] ADAM SCHIFF D CA B. 29 2011-10-06 False F000116 Rep. Filner, Bob [D-CA-51] BOB FILNER D CA 51 2011-10-06 False M000725 Rep. Miller, George [D-CA-7] GEORGE MILLER D CA 7 2011-10-06 False H001034 Rep. Honda, Michael M. [D-CA-15] MICHAEL HONDA D CA M. 15 2011-10-06 False S001168 Rep. Sarbanes, John P. [D-MD-3] John Sarbanes D MD P. 3 2011-10-06 False L000397 Rep. Lofgren, Zoe [D-CA-16] ZOE LOFGREN D CA 16 2011-10-06 False D000600 Rep. Diaz-Balart, Mario [R-FL-21] Mario Diaz-Balart R FL 21 2011-10-06 False B000461 Rep. Bilbray, Brian P. [R-CA-50] BRIAN BILBRAY R CA P. 50 2011-10-06 False C001060 Rep. Carnahan, Russ [D-MO-3] Russ Carnahan D MO 3 2011-10-06 False B001234 Rep. Baca, Joe [D-CA-43] JOE BACA D CA 43 2011-10-06 False G000559 Rep. Garamendi, John [D-CA-10] John Garamendi D CA 10 2011-10-06 False B001228 Rep. Bono Mack, Mary [R-CA-45] MARY BONO MACK R CA 45 2011-10-25 False L000263 Rep. Levin, Sander M. [D-MI-12] SANDER LEVIN D MI M. 12 2011-11-04 False Y000031 Rep. Young, C. W. Bill [R-FL-10] C. W. Young R FL Bill 10 2011-11-04 False R000583 Rep. Rooney, Thomas J. [R-FL-16] Thomas Rooney R FL J. 16 2011-11-04 False C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2011-11-04 False F000451 Rep. Fitzpatrick, Michael G. [R-PA-8] Michael Fitzpatrick R PA G. 8 2011-11-04 False E000215 Rep. Eshoo, Anna G. [D-CA-14] ANNA ESHOO D CA G. 14 2011-11-04 False L000570 Rep. Lujan, Ben Ray [D-NM-3] Ben Lujan D NM R. 3 2011-11-04 False M000485 Rep. McIntyre, Mike [D-NC-7] MIKE MCINTYRE D NC 7 2011-11-04 False M001166 Rep. McNerney, Jerry [D-CA-11] Jerry McNerney D CA 11 2011-12-06 False K000378 Rep. Kinzinger, Adam [R-IL-11] Adam Kinzinger R IL 11 2011-12-06 False H000324 Rep. Hastings, Alcee L. [D-FL-23] ALCEE HASTINGS D FL L. 23 2011-12-06 False C000714 Rep. Conyers, John, Jr. [D-MI-14] JOHN CONYERS D MI 14 2012-03-29 False C000059 Rep. Calvert, Ken [R-CA-44] KEN CALVERT R CA 44 2012-03-29 False M000933 Rep. Moran, James P. [D-VA-8] JAMES MORAN D VA P. 8 2012-06-07 False Housing and Community Development Alternative and renewable resources Banking and financial institutions regulation Energy efficiency and conservation Housing finance and home ownership Intergovernmental relations Residential rehabilitation and home repair State and local government operations State and local taxation Water use and supply Housing and Community Development 00 2011-07-20 Introduced in House 2011-09-29T21:01:53Z PACE Assessment Protection Act of 2011 - Requires the Director of the Federal Housing Agency (FHA) to direct the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to issue guidance providing that the levy of a PACE (property assessed clean energy) assessment and the creation of a PACE lien do not constitute a default on any loan secured by one of its uniform instruments, and do not trigger the exercise of remedies with respect to any provision of the instrument, if the PACE assessment and the PACE lien meet specified requirements.

Lists as PACE improvements any qualified clean energy improvements, energy conservation and efficiency improvements, and water conservation and efficiency improvements.

Prohibits the FHA Director, the Comptroller of the Currency, Fannie Mae, Freddie Mac, the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Board of Governors of the Federal Reserve System, and all federal agencies and entities chartered or otherwise established under federal law from discriminating in any manner against state or local governments implementing or participating in a PACE program, or against any property that is obligated to pay a PACE assessment or is subject to a PACE lien.

Specifies requirements a PACE program, and any related PACE assessment and PACE lien, must meet to be entitled to the protections of this Act.

Details obligations of property owners with respect to PACE assessments, and requires the local government to disclose to the participating property owner the costs and risk associated with participating in the PACE program.

Prescribes requirements for: (1) non-residential properties; and (2) qualifying PACE improvements, qualifying contractors, and financing terms for residential properties.

Limits the total amount of PACE assessments for a property to 10% of its estimated value. Requires the property owner to have equity in the property of at least 15%.

]]> PACE Assessment Protection Act of 2011 Display Title PACE Assessment Protection Act of 2011 Official Title as Introduced To prevent Fannie Mae, Freddie Mac, and other Federal residential and commercial mortgage lending regulators from adopting policies that contravene established State and local property assessed clean energy laws. Introduced in House IH Short Titles as Introduced PACE Assessment Protection Act of 2011 Introduced in House 2011-07-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr2599ih/xml/BILLS-112hr2599ih.xml 2011-08-22 Referred to the Subcommittee on Insurance, Housing and Community Opportunity. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.