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Senate Passes Energy Bill

The Senate passed S. 2012, the U.S. Energy Modernization Act (Save Act), sponsored by Sen. Lisa Murkowski (R-AK) and Maria Cantwell (D-WA).  Two provisions in the bill relate specifically to the real estate sector: (1) The SAVE Act would allow federal mortgage underwriters, such as Fannie Mae and Freddie Mac, to consider the energy savings from efficiency upgrades when determining a homebuyer’s ability to make payments. 74 more words

Gov't Affairs

Raising Taxes Norquist-style and the Republican National Backfire

In Louisiana’s 2015 legislative session, Grover Norquist of Washington, DC-based Americans for Tax Reform (ATR) was in charge of the Louisiana budget. Then-Governor Bobby Jindal had apparently signed an agreement to not raise taxes under any circumstances, and he was requiring the Louisiana legislature to advance a 2015-16 budget that would garner Norquist’s approval. 1,223 more words