Bipartisan legislation to restore PACE programs will be introduced in the U.S. Congress House of Representatives on Wednesday, July 20, 2011.
The Bill is sponsored by Congresswoman Nan Hayworth (R-NY), and Congressmen Dan Lungren (R-CA) and Mike Thompson (D-CA), and a draft can be downloaded here.
PACENow’s July 14th Webinar and Call to Action had hundred’s of participants.
Act Today – Here’s how you can help!
It is critically important that you urge your member of Congress in the House of Representatives to support this Bill. A strategy for introducing a Bill in the Senate is in the works…. right now, support in the House is the key. Take a moment and call, e-mail, or send a letter to your member of Congress.
Call – E-Mail – Write your House Representative
Use your zip code to send an automated letter here to your representative in the House (see the text here).
Find your member of the House here by entering your zip code in the upper right corner.
Call 202-224-3121 – US Capitol Switchboard – to be transferred to your representative’s office.
The materials linked here will help.
HR Bill ____ We’ll upload the introduced version with the Bill number as soon as it’s available, but don’t wait, just refer to the PACE Protection Act of 2011 introduced by Hayworth, Lungren and Thompson.
Video replay of PACENow\’s July 14th Webinar – Call to Action – just give it a minute to load
Talking Points for the Bill one page of useful bullet points
PACE 2 Page Summary a more comprehensive 2 page summary
Making the Case for PACE Legislation longer and more thorough
Please Act Today – Your Immediate Support CAN Make the Difference
Federal District Court for the Northern District of California will soon decide whether to order the FHFA to commence a rulemaking process, which the agency failed to do before releasing its July 6, 2010 rules. Steps include:
- Proposed Rules will be published in the Federal Register.
- Public Comment is invited for a period of from 30 to 180 days.
- Final Rule. the agency publishes its response to issues raised by public comments and an updated analysis and justification for the rule, including an analysis of any new information from public comments.
If the Court acts on its December 20, 2010 order and concludes the FHFA should conduct a rulemaking process, you can help save PACE by submitting comments to the FHFA that address points it made when it established its July 6, 2010 rules. If you would like to comment on the validity of PACE assessments, the de minimus financial risk associated with PACE financings, the PACE program guidelines that ensure safety for all participants, or any other topic, please contact us directly, register on this site, take a look at these PACE FAQs, and please check back often for updated information. As soon as the Court rules and a process is established, we will provide detailed information here on how you can help.