VIEWS: 13 PAGES: 2 CATEGORY: Engineering & Energy POSTED ON: 6/30/2010
GE Money, the consumer lending Unit of General Electric Co., and Champion Windows announced a multiyear agreement to offer consumer financing.
S PE C I A LT Y N E W S & T R E N D S Bills Introduced to The remaining officers include: president- elect, Michael Hydeck, MCR, CKBR of Hydeck Design Build in Telford, Pa.; vice president, Dean Herriges, MCR, CKBR of Urban Herriges & Sons Inc. in Mukwonago, Delay Lead Rule Wis.; and secretary/treasurer, Fred Spaulding, CKBR, of Quality Home Improvements Inc. in Kingwood, Texas. ills to delay implementation of the Legislation B Environmental Protection Agency’s (EPA) Lead: Renovation, Repair and Consumer Financing Cash for Caulkers Bill Passes House The U.S. House of Representatives on Painting Rule (LRRP) have been introduced GE Money and Champion May 6 passed the Home Star bill (H.R. 5019) in the U.S. House and the Senate. with a vote of 246 to 161. Also referred to The House bill (HR 5177) introduced on Windows Offer Credit as “cash for caulkers,” the legislation aims April 29, just a week after the new rule, would GE Money, the consumer lending Unit to establish a rebate program to encourage postpone implementation until accreditation of General Electric Co., and Champion consumers to buy energy-efficient appliances classes were held for a period of at least one Windows announced a multiyear agreement and undertake energy efficiency home refur- year. The bill was referred to the Committee to offer consumer financing. The GE Money bishments. on Energy and Commerce. A Senate version Home Design program enables homeown- Officially known as the Home Star was introduced on May 4 and was similarly ers to finance purchases from Champion’s Energy Retrofit Act of 2010, the bill now referred to committee. line of products, including vinyl replace- moves on to the Senate for consideration Previous to the LRRP implementa- ment windows, entry doors, patio rooms and debate. tion date, a number of building industry and siding. The program is managed by GE The House bill establishes a new pro- groups, including the National Association Money’s Sales Finance Unit, which provides gram that provides grants to homeowners of Home Builders (NAHB) and the National billions of dollars of consumer financ- for weatherizing their homes. Two paths are Association of the Remodeling Industry ing through more than
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