To provide for accurate energy appraisals in connection with residential mortgage loans, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To provide for accurate energy appraisals in connection with residential mortgage loans, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Housing, Government Operations.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H0630EF55D6434E25965C1040AA0C1229: 1. Short title This Act may be cited as the Getting Renewable and Energy Efficient Neighborhoods Appraisals Act of 2024 or the GREEN Appraisals Act of 2024 .
- Section HEF6FE29AF42944C5A4211F082CA67B2A: 2. Getting renewable and energy efficient neighborhoods accurate energy appraisals The head of each covered agency shall require that any creditor to which an...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To provide for accurate energy appraisals in connection with residential mortgage loans, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Housing, Government Operations
Primary Purpose
This bill, To provide for accurate energy appraisals in connection with residential mortgage loans, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Casten introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_energy"
- → Secretary of Energy
Key Definitions
Terms defined in this bill
an appraiser who, with respect to the assignment to conduct an appraisal— is licensed, qualified, or certified to conduct an appraisal in the State in which the property is located
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology