The Daily Truth About the Democrats’ National Energy Tax
Truth #4: Promotes “Green Banks” At a Time of Record Job Losses What the bill does: Requires federal banking agencies and the National Credit Union Administration Board to encourage insured depository institutions and credit unions to establish and maintain “green banking” centers. These centers will provide consumers who seek information on obtaining a mortgage, home improvement loan, or home equity loan with additional information on obtaining a home energy rating or audit, financing for cost-effective energy-saving improvements, and obtaining beneficial financing terms for meeting energy efficiency standards. (H.R. 2454, American Clean Energy and Security Act of 2009, Sec. 299E, p. 659)
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