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HOUSE PASSES ENERGY BILL The U.S. House of Representatives approved H.R. 2454, the American Clean Energy and Security Act by Reps. Waxman (D-Calif.) and Markey (D-Mass.). The bill, re- numbered H.R. 2998, includes provisions that exempt existing buildings from the bill’s provisions to build upon an existing ENERGY STAR energy labeling program. As originally drafted, the bill required energy audits for all buildings and homes, and required that these buildings Paying for Health Care be labeled, with the energy rating label to be disclosed Reform May Impact at the time of lease and/or sale. The bill also allowed any citizen to bring a private right of action against any Property Owners entity that contributes to global warming. As Congress proceeds with the sweeping overhaul of Thanks to the lobbying work of IREM and CCIM the health care system, they must also face the chal- members at the Legislative Summit in April this year, lenge of how to pay for reform. NAR recently reported working in partnership with NAR®, the bill that passed on one option that would affect the so-called casual the House is much different than the original proposal. investor in real estate. The Senate Finance Committee This bill does not require audits—except for buildings released a discussion draft paper that lays out a series voluntarily participating in an energy-efficient program; of options to pay for health care reforms, including an limits labeling to new construction only; removes the option to require information reporting to the IRS of any private right of action; and prohibits the EPA from payment of $600 or more made by any rental property implementing a greenhouse gas emissions regulation owner to service providers—plumbers, bookkeepers, that would regulate greenhouse gas emissions from etc. The reporting is intended to provide the IRS with commercial and multifamily properties. In additi
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