3.0.0 4285 2023-01-11T13:26:49Z 2023-01-11T13:26:49Z House H HR 2014-03-24 113 hsba00 Financial Services Committee House Standing Referred to 2014-03-24T16:00:28Z 2014-03-24 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2014-03-24 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-03-24 Introduced in House IntroReferral 1000 9 Library of Congress T000460 Rep. Thompson, Mike [D-CA-5] MIKE THOMPSON D CA 5 N K000210 Rep. King, Peter T. [R-NY-2] PETER KING R NY T. 2 2014-03-24 True M001185 Rep. Maloney, Sean Patrick [D-NY-18] Sean Maloney D NY Patrick 18 2014-03-24 True C000059 Rep. Calvert, Ken [R-CA-42] KEN CALVERT R CA 42 2014-03-24 True M001163 Rep. Matsui, Doris O. [D-CA-6] Doris Matsui D CA O. 6 2014-03-24 True E000215 Rep. Eshoo, Anna G. [D-CA-18] ANNA ESHOO D CA G. 18 2014-03-24 True M000725 Rep. Miller, George [D-CA-11] GEORGE MILLER D CA 11 2014-03-24 True S001150 Rep. Schiff, Adam B. [D-CA-28] ADAM SCHIFF D CA B. 28 2014-03-24 True M001166 Rep. McNerney, Jerry [D-CA-9] Jerry McNerney D CA 9 2014-03-24 True F000451 Rep. Fitzpatrick, Michael G. [R-PA-8] Michael Fitzpatrick R PA G. 8 2014-03-24 True G000559 Rep. Garamendi, John [D-CA-3] John Garamendi D CA 3 2014-03-24 True P000598 Rep. Polis, Jared [D-CO-2] Jared Polis D CO 2 2014-03-26 False H001068 Rep. Huffman, Jared [D-CA-2] Jared Huffman D CA 2 2014-03-27 False N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2014-04-01 False C001059 Rep. Costa, Jim [D-CA-16] Jim Costa D CA 16 2014-04-01 False E000293 Rep. Esty, Elizabeth H. [D-CT-5] Elizabeth Esty D CT H. 5 2014-04-01 False C001097 Rep. Cárdenas, Tony [D-CA-29] Tony Cárdenas D CA 29 2014-04-03 False W000215 Rep. Waxman, Henry A. [D-CA-33] HENRY WAXMAN D CA A. 33 2014-04-10 False S000030 Rep. Sanchez, Loretta [D-CA-46] LORETTA SANCHEZ D CA 46 2014-04-10 False L000579 Rep. Lowenthal, Alan S. [D-CA-47] Alan Lowenthal D CA S. 47 2014-04-10 False H001063 Rep. Hahn, Janice [D-CA-44] Janice Hahn D CA 44 2014-04-10 False S001175 Rep. Speier, Jackie [D-CA-14] Jackie Speier D CA 14 2014-04-10 False L000397 Rep. Lofgren, Zoe [D-CA-19] ZOE LOFGREN D CA 19 2014-04-10 False D000598 Rep. Davis, Susan A. [D-CA-53] SUSAN DAVIS D CA A. 53 2014-04-28 False H001034 Rep. Honda, Michael M. [D-CA-17] MICHAEL HONDA D CA M. 17 2014-04-29 False D000197 Rep. DeGette, Diana [D-CO-1] DIANA DEGETTE D CO 1 2014-05-01 False T000472 Rep. Takano, Mark [D-CA-41] Mark Takano D CA 41 2014-05-07 False L000570 Rep. Lujan, Ben Ray [D-NM-3] Ben Lujan D NM R. 3 2014-05-20 False M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2014-06-09 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 2014-03-24 Introduced in House 2014-06-17T21:16:02Z PACE Assessment Protection Act of 2014 - 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 2014 Display Title PACE Assessment Protection Act of 2014 Official Title as Introduced To facilitate State and local governmental entities in developing and implementing private sector job creating programs through local government financing of the installation of energy efficiency, water conservation, and renewable energy generation improvements on privately owned property with the financing to be repaid from assessments that may be levied on the local property tax bill, and for other purposes. Introduced in House IH Short Titles as Introduced PACE Assessment Protection Act of 2014 Introduced in House 2014-03-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4285ih/xml/BILLS-113hr4285ih.xml 2014-03-24 Referred to the House Committee on Financial Services. 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.