GREEN Appraisals Act of 2025
4/14/2025, 3:15 PMSummary of Bill S 1178
Bill 119 s 1178, also known as the "Accurate Energy Appraisals in Residential Mortgage Loans Act," aims to ensure that energy efficiency is taken into account when appraising residential properties for mortgage loans. The bill requires that appraisers consider the energy efficiency and potential cost savings of a property when determining its value.This legislation is important because energy efficiency can have a significant impact on the overall cost of homeownership. By accurately assessing the energy efficiency of a property, homeowners can make informed decisions about their investments and potentially save money on utility bills in the long run.
In addition to promoting energy efficiency, the bill also includes provisions to protect consumers from inaccurate or misleading energy appraisals. It requires that appraisers have the necessary training and expertise to accurately assess a property's energy efficiency and that they adhere to industry standards and best practices. Overall, Bill 119 s 1178 aims to promote energy efficiency in the housing market and provide consumers with the information they need to make informed decisions about their homes. By ensuring that energy appraisals are accurate and reliable, this legislation has the potential to benefit both homeowners and the environment.
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Current Status of Bill S 1178
Bill S 1178 is currently in the status of Bill Introduced since March 27, 2025. Bill S 1178 was introduced during Congress 119 and was introduced to the Senate on March 27, 2025. Bill S 1178's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 27, 2025Bipartisan Support of Bill S 1178
Total Number of Sponsors
3Democrat Sponsors
3Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 1178
Primary Policy Focus
Alternate Title(s) of Bill S 1178
A bill to provide for accurate energy appraisals in connection with residential mortgage loans, and for other purposes.A bill to provide for accurate energy appraisals in connection with residential mortgage loans, and for other purposes.Comments
Most relevant
Sponsors and Cosponsors of S 1178
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