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S 4671 United States Senate · 117th Congress

GREEN Appraisals Act of 2022

Summary
Getting Renewable and Energy Efficient Neighborhoods Appraisals Act of 2022 or the GREEN Appraisals Act of 2022 This bill requires lenders that originate federally backed residential mortgages to notify borrowers of their right to request an energy report concerning the property. The bill also requires, upon consent of the borrower, the lender to provide to an appraiser any available energy report concerning the property. The appraiser must take this report into consideration when appraising the value of the property.
Issues: ✓ EnergySupports EnergyRequires appraisers to consider energy efficiency reports in property valuations, incentivizing energy-efficient home features and supporting renewable energy adoption through market mechanisms.85% confidence ✓ EnvironmentSupports EnvironmentRequires appraisers to consider energy efficiency reports, incentivizing property upgrades that promote clean energy adoption and reduce emissions through mortgage processes.85% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jul 2022
Committee Review
Floor Vote
President
Introduced Jul 28, 2022 Last action Jul 28, 2022
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Jul 28, 2022
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Jul 28, 2022
Introduced
Introduced in Senate
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Michael F. Bennet
Michael F. Bennet
DDemocratic
CO
n/a