3.0.0 4615 2023-01-11T13:26:30Z 2023-01-11T13:26:30Z House H HR 2014-05-08 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. KING of New York:H.R. 4615.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 6The Congress shall have Power . . . To make all Laws whichshall be necessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by thisConstitution in the Government of the United States, or inany Department or Officer thereof.[Page H4016]]]> hsba00 Financial Services Committee House Standing Referred to 2014-05-08T14:02:35Z Sensible Accounting to Value Energy Act of 2013 113 1106 S 2014-05-07 Committee on Banking, Housing, and Urban Affairs Subcommittee on Economic Policy. Hearings held. With printed Hearing: S.Hrg. 113-466. Related bill CRS Energy Savings and Industrial Competitiveness Act of 2014 113 2074 S 2014-02-27 Read twice and referred to the Committee on Energy and Natural Resources. Related bill CRS Energy Savings and Industrial Competitiveness Act of 2014 113 2262 S 2014-05-12 Motion by Senator Reid to reconsider the vote by which cloture was not invoked on the measure (Record Vote No. 142) entered in Senate. (consideration: CR S2899-2900) Related bill CRS 2014-05-08 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2014-05-08 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-05-08 Introduced in House IntroReferral 1000 9 Library of Congress K000210 Rep. King, Peter T. [R-NY-2] PETER KING R NY T. 2 N P000593 Rep. Perlmutter, Ed [D-CO-7] Ed Perlmutter D CO 7 2014-05-08 True M001180 Rep. McKinley, David B. [R-WV-1] David McKinley R WV B. 1 2014-05-08 True W000800 Rep. Welch, Peter [D-VT-At Large] Peter Welch D VT 0 2014-05-08 True P000608 Rep. Peters, Scott H. [D-CA-52] Scott Peters D CA H. 52 2014-05-08 True 2014-05-09 P000595 Rep. Peters, Gary C. [D-MI-14] Gary Peters D MI 14 2014-05-09 False A000369 Rep. Amodei, Mark E. [R-NV-2] Mark Amodei R NV E. 2 2014-05-09 False H001058 Rep. Huizenga, Bill [R-MI-2] Bill Huizenga R MI 2 2014-05-19 False Housing and Community Development Administrative law and regulatory procedures Advisory bodies Department of Housing and Urban Development Energy efficiency and conservation Energy prices Government studies and investigations Housing finance and home ownership Public utilities and utility rates Residential rehabilitation and home repair Housing and Community Development 00 2014-05-08 Introduced in House 2014-05-19T20:50:02Z Sensible Accounting to Value Energy Act of 2014 - Directs the Secretary of Housing and Urban Development (HUD) to develop and issue guidelines for all federal mortgage agencies (including the Federal National Mortgage Association [Fannie Mae], the Federal Home Loan Mortgage Corporation [Freddie Mac], and any affiliates) to implement enhanced loan eligibility requirements, for use when testing the ability of a loan applicant to repay a covered loan, that account for the expected energy cost savings for a loan applicant at a subject property.

Directs the Secretary to issue guidelines for how covered agencies shall determine: (1) the maximum permitted loan amount based on the value of the property for all covered loans made on properties with an energy efficiency report, and (2) the estimated energy savings for properties with such a report.

Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to require standards for the performance of real estate appraisals in connection with federally related transactions to require at a minimum that state certified and licensed appraisers have timely access, where practicable, to information from the property owner and the lender that may be relevant in developing an opinion of value regarding the energy- and water-saving improvements or features of a property.

Applies the requirement of state certified appraisers to transactions involving any real property on which the appraiser makes adjustments using an energy efficiency report.

Directs the Secretary to establish an advisory group on the implementation of the enhanced energy efficiency underwriting criteria established in this Act.

]]> Sensible Accounting to Value Energy Act of 2014 Display Title Sensible Accounting to Value Energy Act of 2014 Official Title as Introduced To improve the accuracy of mortgage underwriting used by Federal mortgage agencies by ensuring that energy costs are included in the underwriting process, to reduce the amount of energy consumed by homes, to facilitate the creation of energy efficiency retrofit and construction jobs, and for other purposes. Introduced in House IH Short Titles as Introduced Sensible Accounting to Value Energy Act of 2014 Introduced in House 2014-05-08T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4615ih/xml/BILLS-113hr4615ih.xml 2014-05-08 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.