The SAVE Act, introduced by Senators Isakson (R-Ga.) and Bennet (D-Co.) on June 6, 2013, is proposed legislation that would instruct federal loan agencies to assess a borrower’s expected energy costs when financing a house. Better information about a homeowner’s monthly expenses will, at no cost to taxpayers or the current deficit:
- Enable better mortgage underwriting
- Reduce utility bills for American homeowners
- Provide affordable financing for home energy improvements
- Spark job creation in the housing industry
