,,ii #aad? ,,congress #a/ ,session ,s4 #hgh ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,m>* #bf1 #bjae,mr4 ,s&]s 7= himself1 ,ms4 ,cantwell1 ,mr4 ,wyd51 ,mr4 ,k+1 ,mr4 ,:iteh\se1 ,mr4 ,m>key1 & ,mr4 ,frank57 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,en]gy & ,natural ,res\rces ,a ,,bill ,to e/abli% a ,/ate resid5tial build+ en]gy effici5cy upgrades loan pilot program4 #a4 ,/ate resid5tial build+ en]gy effici5cy upgrades loan pilot program 7a7 ,loans = resid5tial build+ en]gy effici5cy upgrades ,"p ,d ( title ,,iii ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fcba et seq47 is am5d$ by add+ at ! end ! foll[+3 #cfg4 ,loans = resid5tial build+ en]gy effici5cy upgrades 7a7 ,def9itions ,9 ?is section3 7#a7 ,consum]-fri5dly ,! t]m consum]-fri5dly1 ) respect to a loan repaym5t approa*1 means a loan repaym5t approa* t-- 7,a7 emphasizes conv5i5ce = cu/om]s2 7,b7 is ( l[ co/ to consum]s2 & 7,c7 emphasizes simplicity & ease ( use = consum]s 9 ! bill+ process4 7#b7 ,eligible entity ,! t]m eligible entity means-- 7,a7 a ,/ate or t]ritory ( ! ,unit$ ,/ates2 & 7,b7 a tribal organization 7z def9$ 9 section #d ( ! ,indian ,self-,det]m9ation & ,education ,assi/ance ,act 7#be ,u4,s4,c4 #dej;b774 7#c7 ,en]gy advisor program 7,a7 ,9 g5]al ,! t]m en]gy advisor program means any program to provide to own]s or resid5ts ( resid5tial build+s advice1 in=mation1 & support 9 ! id5tification1 prioritization1 & implem5tation ( en]gy effici5cy & en]gy sav+s measures4 7,b7 ,inclusions ,! t]m en]gy advisor program includes a program t provides-- 7i7 int]pretation ( en]gy audit reports2 7ii7 assi/ance 9 ! prioritization ( improvem5ts2 7iii7 assi/ance 9 f9d+ qualifi$ contractors2 7iv7 assi/ance 9 contractor bid reviews2 7v7 education on en]gy cons]vation & en]gy effici5cy2 7vi7 explanations ( available inc5tives & tax cr$its2 7vii7 assi/ance 9 completion ( rebate & inc5tive pap]work2 & 7viii7 any o!r simil> type ( support4 7#d7 ,en]gy effici5cy ,! t]m en]gy effici5cy means a decrease 9 home[n] or resid5tial t5ant consumption ( en]gy 7includ+ electricity & !rmal en]gy7 t is a*iev$ )\t r$uc+ ! quality ( en]gy s]vices ?r\gh-- 7,a7 a measure or program t t>gets cu/om] behavior2 7,b7 equipm5t or en]gy sy/ems2 7,c7 a device2 or 7,d7 o!r mat]ial4 7#e7 ,en]gy effici5cy upgrade 7,a7 ,9 g5]al ,! t]m en]gy effici5cy upgrade means any project or activity-- 7i7 ! prim>y purpose ( :i* is increas+ en]gy effici5cy2 & 7ii7 t is c>ri$ out on a resid5tial build+4 7,b7 ,inclusions ,! t]m en]gy effici5cy upgrade includes ! in/allation or improvem5t ( a r5ewable en]gy facility = heat+ or electricity g5]ation s]v+ a resid5tial build+ c>ri$ out 9 conjunction ) an en]gy effici5cy project or activity4 7#f7 ,program entity ,! t]m program entity means a local gov]nm5t1 utility1 or o!r entity t c>ries out a f9anc+ program "u subsection 7e77#b77;,a7 pursuant to a contract or o!r agreem5t ) an eligible entity4 7#g7 ,recipi5t h\sehold ,! t]m recipi5t h\sehold means ! own] or t5ant ( a resid5tial build+ :o receives f9anc+ "u ?is section = an en]gy effici5cy upgrade ( ! resid5tial build+4 7#h7 ,resid5tial build+ 7,a7 ,9 g5]al ,! t]m resid5tial build+ means a build+ us$ = resid5tial purposes4 7,b7 ,inclusions ,! t]m resid5tial build+ includes-- 7i7 a s+le-family resid5ce2 7ii7 a multifamily resid5ce compos$ n m ?an #d units2 & 7iii7 a mix$-use build+ t includes n m ?an #d resid5tial units4 7b7 ,e/abli%m5t ( program 7#a7 ,9 g5]al ,! ,secret>y %all e/abli% a program "u ?is "p "u :i* ! ,secret>y %all make available to eligible entities loans = ! purpose ( e/abli%+ or exp&+ programs t provide to recipi5t h\seholds f9anc+ = en]gy effici5cy upgrades ( resid5tial build+s4 7#b7 ,consultation ,9 e/abli%+ ! program "u p>agraph 7#a71 ! ,secret>y %all consult1 z ! ,secret>y det]m9es to be appropriate1 ) /akehold]s & ! public4 7#c7 ,no requirem5t to p>ticipate ,no eligible entity %all be requir$ to p>ticipate 9 any mann] 9 ! program e/abli%$ "u p>agraph 7#a74 7#d7 ,deadl9es ,! ,secret>y %all-- 7,a7 n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is section1 implem5t ! program e/abli%$ "u p>agraph 7#a7 7includ+ solicit+ applications f eligible entities 9 accordance ) subsection 7c772 & 7,b7 n lat] ?an #b ye>s aft] ! date ( enactm5t ( ?is section1 disburse ! initial loans provid$ "u ?is section4 7c7 ,applications 7#a7 ,9 g5]al ,to be eligible to receive a loan "u ?is section1 an eligible entity %all submit to ! ,secret>y an application at su* "t1 9 su* mann]1 & conta9+ su* in=mation z ! ,secret>y may require4 7#b7 ,selection date ,n lat] ?an #ba mon?s aft] ! date ( enactm5t ( ?is section1 ! ,secret>y %all select eligible entities to receive ! initial loans provid$ "u ?is section1 9 accordance ) ! requirem5ts describ$ 9 p>agraph 7#c74 7#c7 ,requirem5ts ,9 select+ eligible entities to receive loans "u ?is section1 ! ,secret>y %all-- 7,a7 to ! maximum ext5t practicable1 ensure-- 7i7 t bo? innovative & e/abli%$ approa*es to ! *all5ges ( f9anc+ en]gy effici5cy upgrades are support$2 7ii7 t en]gy effici5cy upgrades are conduct$ & validat$ to comply ) be/ practices = "w quality1 z det]m9$ by ! ,secret>y2 7iii7 regional div]sity among eligible entities t receive ! loans1 includ+ p>ticipation by rural ,/ates & small ,/ates2 7iv7 significant p>ticipation by families ) income levels at or bel[ ! m$ian income level = ! applicable geographical region1 z det]m9$ by ! ,secret>y2 & 7v7 ! incorporation ( an en]gy advisor program by1 z applicable-- 7,i7 eligible entities2 or 7,,ii7 program entities2 7,b7 evaluate applications bas$ prim>ily on-- 7i7 ! project$ r$uction 9 en]gy use1 z det]m9$ 9 accordance ) su* specific & commonly available me?odology z ! ,secret>y %all e/abli%1 by regulation2 7ii7 ! cr$itwor?9ess ( ! eligible entity2 & 7iii7 ! incorporation ( measures = mak+ ! loan repaym5t sy/em = recipi5t h\seholds z consum]-fri5dly z practicable2 7,c7 evaluate applications bas$ second>ily on-- 7i7 ! ext5t to :i* ! propos$ f9anc+ program ( ! eligible entity incorporates be/ practices = su* a program1 z det]m9$ by ! ,secret>y2 7ii7 7,i7 :e!r ! eligible entity has creat$ a plan = evaluat+ ! effectiv5ess ( ! propos$ f9anc+ program2 & 7,,ii7 :e!r t plan includes-- 7aa7 a robu/ /rategy = collect+1 manag+1 & analyz+ data1 z well z mak+ ! data available to ! public2 & 7bb7 exp]im5tal /udies1 :i* may include inve/igations ( h[ human behavior impacts ! effectiv5ess ( effici5cy improvem5ts2 7iii7 ! ext5t to :i* ,f$]al funds are mat*$ by fund+ f ,/ate1 local1 philan?ropic1 private sector1 & o!r s\rces2 7iv7 ! ext5t to :i* ! propos$ f9anc+ program w be coord9at$ & m>ket$ ) o!r exi/+ or plann$ en]gy effici5cy or en]gy cons]vation programs adm9i/]$ by-- 7,i7 utilities & rural coop]atives2 7,,ii7 ,/ate1 tribal1 t]ritorial1 or local gov]nm5ts2 or 7,,iii7 community developm5t f9ancial in/itutions2 & 7v7 su* o!r factors z ! ,secret>y det]m9es to be appropriate2 & 7,d7 n provide an advantage or disadvantage to applications t include r5ewable en]gy 9 ! program4 7d7 ,adm9i/rative provisions 7#a7 ,t]m ,! ,secret>y %all e/abli% t]ms = loans provid$ to eligible entities "u ?is section-- 7,a7 9 a mann] t-- 7i7 provides = a high degree ( co/ recov]y2 & 7ii7 ensures t1 ) respect to all loans provid$ to or by eligible entities "u ?is section1 ! loans are competitive )1 or sup]ior to1 o!r =ms ( f9anc+ = simil> purposes2 & 7,b7 subject to ! condition t ! t]m ( a loan provid$ to an eligible entity "u ?is section %all n exce$ #ce ye>s4 7#b7 ,int]e/ rates 7,a7 ,9 g5]al ,subject to subp>agraph 7,b71 ! ,secret>y1 at ! discretion ( ! ,secret>y1 %all *>ge int]e/ on a loan provid$ to an eligible entity "u ?is section at a fix$ rate equal1 or approximately equal1 to ! int]e/ rate *>g$ on ,treasury securities ( comp>able maturity4 7,b7 ,lev]ag$ loans ,! int]e/ rate & o!r t]ms ( ! loans provid$ to eligible entities "u ?is section %all be e/abli%$ 9 a mann] t ensures t ! total am\nt ( ! loans is equal to n less ?an #bj times1 & n m ?an #ej times1 an am\nt equival5t to #hj p]c5t ( ! am\nt appropriat$ = adm9i/rative & g5]al f9ancial support co/s pursuant to subsection 7g77#b74 7#c7 ,no p5alty on e>ly repaym5t ,! ,secret>y %all n assess any p5alty = e>ly repaym5t by an eligible entity ( a loan provid$ "u ?is section4 7#d7 ,return ( unus$ portion ,z a condition ( receipt ( a loan "u ?is section1 an eligible entity %all agree to return to ! g5]al fund ( ! ,treasury any portion ( ! loan am\nt t is unus$ by ! eligible entity )9 a reasonable p]iod aft] ! date ( receipt ( ! loan1 z det]m9$ by ! ,secret>y4 7e7 ,use ( funds 7#a7 ,9 g5]al ,an eligible entity %all use a loan provid$ "u ?is section to e/abli% or exp& #a or m f9anc+ programs-- 7,a7 ! purpose ( :i* is to enable recipi5t h\seholds to und]take en]gy effici5cy upgrades ( resid5tial build+s2 7,b7 t may1 at ! sole discretion ( ! eligible entity1 require an outlay ( capital by recipi5t h\seholds 9 accordance ) ! goals ( ! program "u ?is section2 & 7,c7 t incorporate a consum]-fri5dly loan repaym5t approa*4 7#b7 ,/ructure ( f9anc+ program ,a f9anc+ program ( an eligible entity may-- 7,a7 consi/-- 7i7 prim>ily or entirely ( a f9anc+ program adm9i/]$ by-- 7,i7 ! applicable ,/ate2 or 7,,ii7 a program entity2 or 7ii7 ( a comb9ation ( programs describ$ 9 clause 7i72 7,b7 rely on f9anc+ provid$ by-- 7i7 ! eligible entity2 or 7ii7 a ?ird p>ty1 act+ ?r\gh ! eligible entity2 & 7,c7 include a provision pursuant to :i* a recipi5t h\sehold %all agree to return to ! eligible entity any portion ( ! assi/ance t is unus$ by ! recipi5t h\sehold )9 a reasonable p]iod aft] ! date ( receipt ( ! assi/ance1 z det]m9$ by ! eligible entity4 7#c7 ,=m ( assi/ance ,assi/ance f an eligible entity "u ?is subsection may be provid$ 9 any =m1 or 9 accordance ) any program1 au?oriz$ by ,f$]al law 7includ+ regulations71 includ+ 9 ! =m (-- 7,a7 a revolv+ loan fund2 7,b7 a cr$it enhancem5t /ructure design$ to mitigate ! effects ( default2 or 7,c7 a program t-- 7i7 adopts any o!r approa* = provid+ f9anc+ = en]gy effici5cy upgrades produc+ significant en]gy effici5cy ga9s2 & 7ii7 incorporates measures = mak+ ! loan repaym5t sy/em = recipi5t h\seholds z consum]-fri5dly z practicable4 7#d7 ,scope ( assi/ance ,assi/ance provid$ by an eligible entity "u ?is subsection may be us$ to pay = co/s associat$ ) c>ry+ out an en]gy effici5cy upgrade1 includ+ mat]ials & labor4 7#e7 ,additional assi/ance ,9 addition to ! am\nt ( ! loan provid$ to an eligible entity by ! ,secret>y "u subsection 7b71 ! eligible entity or program entity1 z applicable1 may provide to recipi5t h\seholds su* assi/ance "u ?is subsection z ! eligible entity or program entity consid]s to be appropriate f any o!r funds ( ! eligible entity or program entity1 includ+ funds provid$ to ! eligible entity by ! ,secret>y = adm9i/rative co/s pursuant to ?is section4 7#f7 ,limitations 7,a7 ,int]e/ rates 7i7 ,int]e/ *>g$ by eligible entities ,! int]e/ rate *>g$ by an eligible entity on assi/ance provid$ "u ?is subsection-- 7,i7 %all be fix$2 & 7,,ii7 %all n exce$ ! int]e/ rate paid by ! eligible entity to ! ,secret>y "u subsection 7d77#b74 7ii7 ,int]e/ *>g$ by program entities ,a program entity t receives fund+ f an eligible entity "u ?is subsection = ! purpose ( capitaliz+ a resid5tial en]gy effici5cy f9anc+ program may *>ge int]e/ on any loan provid$ by ! program entity at a fix$ rate t is z l[ z practicable1 b n m ?an #e p]c5t m ?an ! applicable int]e/ rate paid by ! eligible entity to ! ,secret>y "u subsection 7d77#b74 7,b7 ,no p5alty on e>ly repaym5t ,an eligible entity or program entity1 z applicable1 %all n assess any p5alty = e>ly repaym5t by any recipi5t h\sehold to ! eligible entity or program entity1 z applicable4 7f7 ,reports 7#a7 ,eligible entities 7,a7 ,9 g5]al ,n lat] ?an #b ye>s aft] ! date ( receipt ( ! loan1 & annually !reaft] = ! t]m ( ! loan1 an eligible entity t receives a loan "u ?is section %all submit to ! ,secret>y a report describ+ ! p]=mance ( ea* program & activity c>ri$ out us+ ! loan1 includ+ anonymiz$ loan p]=mance data4 7,b7 ,requirem5ts ,! ,secret>y1 9 consultation ) eligible entities & o!r /akehold]s 7su* z l5d+ in/itutions & ! real e/ate indu/ry71 %all e/abli% su* requirem5ts = ! reports "u ?is p>agraph z ! ,secret>y det]m9es to be appropriate-- 7i7 to ensure t ! reports are cle>1 consi/5t1 & /raight=w>d2 & 7ii7 tak+ into acc\nt ! report+ requirem5ts = simil> programs 9 :i* ! eligible entities are p>ticipat+1 if any4 7#b7 ,secret>y ,! ,secret>y %all submit to ,congress & make available to ! public-- 7,a7 n less frequ5tly ?an once ea* ye>1 a report describ+ ! p]=mance ( ! program "u ?is section1 includ+ a syn!sis & analysis ( ! in=mation provid$ 9 ! reports submitt$ to ! ,secret>y "u p>agraph 7#a77;,a72 & 7,b7 on t]m9ation ( ! program "u ?is section1 an assessm5t ( ! success (1 & education provid$ by1 ! measures c>ri$ out by eligible entities dur+ ! t]m ( ! program4 7g7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to ! ,secret>y to c>ry out ?is section-- 7#a7 #cg1ejj1jjj = en]gy advisor programs2 7#b7 #be1jjj1jjj = adm9i/rative & g5]al f9ancial support co/s to ! ,secret>y ( c>ry+ out ?is section2 & 7#c7 #cg1ejj1jjj = adm9i/rative co/s to ,/ates 9 c>ry+ out ?is section4 4 7b7 ,reorganization 7#a7 ,9 g5]al ,"p ,d ( title ,,iii ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fcba et seq47 is am5d$-- 7,a7 by r$esignat+ sections #cfb1 #cfc1 #cfd1 #cfe1 & #cff z sections #cfd1 #cfe1 #cff1 #cfc1 & #cfb1 respectively1 & mov+ ! sections s z to appe> 9 num]ical ord]2 7,b7 9 section #cfb 7z s r$esignat$7-- 7i7 9 p>agraph 7#c77;,b77i71 by /rik+ section #cfg1 & & ins]t+ section #cfg 7z 9 effect on ! day be=e ! date ( enactm5t ( ! ,/ate ,en]gy ,effici5cy ,programs ,improvem5t ,act ( #aiij 7#db ,u4,s4,c4 #fbja note2 ,public ,law #aja-ddj772 &2 & 7ii7 9 ea* ( p>agraphs 7#d7 & 7#f71 by /rik+ section #cfe7;e77#a7 ea* place x appe>s & ins]t+ section #cfc7;e77#a72 7,c7 9 section #cfc 7z s r$esignat$7-- 7i7 9 subsection 7b71 by /rik+ ! provisions ( sections #cfb & #cfd & subsection 7a7 ( section #cfc & ins]t+ sections #cfd1 #cfe7;a71 & #cff2 & 7ii7 9 subsection 7g77#a77;,a71 9 ! second s5t5ce1 by /rik+ section #cfb & ins]t+ section #cfd2 & 7,d7 9 section #cfe 7z s r$esignat$7-- 7i7 9 subsection 7a7-- 7,i7 9 p>agraph 7#a71 by /rik+ section #cfb1 & ins]t+ section #cfd22 & 7,,ii7 9 p>agraph 7#b71 by /rik+ section #cfb7;b7 or 7e7 & ins]t+ subsection 7b7 or 7e7 ( section #cfd2 & 7ii7 9 subsection 7b77#b71 9 ! matt] prec$+ subp>agraph 7,a71 by /rik+ section #cfb7;b7 or 7e7 & ins]t+ subsection 7b7 or 7e7 ( section #cfd4 7#b7 ,con=m+ am5dm5ts ,section #cia ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fcga7 is am5d$-- 7,a7 9 p>agraph 7#b77,m71 by /rik+ section #cfe7;e77#b7 & ins]t+ section #cfc7;e77#b72 & 7,b7 9 p>agraph 7#aj71 by /rik+ section #cfb ( ?is ,act & ins]t+ section #cfd4 7#c7 ,cl]ical am5dm5t ,! table ( cont5ts ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fbja note2 ,public ,law #id-afc7 is am5d$ by /rik+ ! items relat+ to "p ,d ( title ,,iii & ins]t+ ! foll[+3 ,"p ,d--,/ate en]gy cons]vation programs,sec4 #cfa4 ,f9d+s & purpose4,sec4 #cfb4 ,def9itions4,sec4 #cfc4 ,g5]al provisions4,sec4 #cfd4 ,/ate en]gy cons]vation plans4,sec4 #cfe4 ,f$]al assi/ance to ,/ates4,sec4 #cff4 ,/ate en]gy effici5cy goals4,sec4 #cfg4 ,loans = resid5tial build+ en]gy effici5cy upgrades4 4 #b4 ,(fset ,section #dbb7;f7 ( ! ,en]gy ,indep5d5ce & ,security ,act ( #bjjg 7#db ,u4,s4,c4 #agjhb7;f77 is am5d$-- 7#a7 9 p>agraph 7#c71 by /rik+ & aft] ! semicolon at ! end2 & 7#b7 by /rik+ p>agraph 7#d7 & ins]t+ ! foll[+3 7#d7 #bjj1jjj1jjj = ea* ( fiscal ye>s #bjac ?r\gh #bjae2 & 7#e7 #aff1fff1fff = ea* ( fiscal ye>s #bjaf ?r\gh #bjah4 4