Congressman Peter J. Roskam (R-IL) issued the following statement after the House Financial Services Committee reported favorably last night HR 6078, the Green Resources for Energy Efficient Neighborhoods (GREEN) Act of 2008:
"I am pleased that our committee has taken a step toward addressing the energy challenges our nation faces. With increased conservation and efficiency measures, we can reduce the burden of energy costs on families in the Sixth District and across America."
HR 6078 is the product of the House Financial Services Committee's Energy Efficiency Task Force. As a leader on energy and conservation issues in the committee, Roskam was selected to serve on the bipartisan panel.
"Much work remains to be done on this legislation to see it signed into law, and I look forward to the work ahead as this issue is so prominent in the minds of my constituents," Roskam continued. "The Task Force has done good bipartisan work crafting this important bill, and I'm honored to be a part of it."
The GREEN Act creates incentives for federally supported housing to increase energy efficiency. During committee consideration of the bill, the committee accepted Roskam's amendment to strengthen safety and soundness protections for Fannie Mae and Freddie Mac given their duty to serve energy efficient mortgage markets prescribed in the bill.