Senate Agriculture Committee Approves RESPA
Posted on Apr 30, 2012 in Legislative & Politics, Regulation & Policy | Comments Off on Senate Agriculture Committee Approves RESPA
The Rural Energy Savings Program Act (RESPA), sometimes referred to as the Conrad-Lugar Amendment, includes four policy improvements designed to help rural families, farms and small businesses save money on their energy bills. Generally, the proposed legislation: (1) authorizes coops to provide low-interest loans to members for energy efficiency improvements; (2) changes the definition of “biomass manufacturing” as it relates to the Biorefinery Assistance Program; (3) streamlines rules and provisions of the Biomass Crop Assistance Program; and (4) eliminates the requirement under the Rural Energy for America Program that farmers install an additional meter for onsite power generation. See Sen. Richard Lugar’s press release for more.
