Now that Waxman-Markey Cap and Trade bill has passed the House, we are learning more of what's in it.
One provision is called "REEP" and that stands for "Retrofit for Energy and Environmental Performance." But what does that mean?
It could mean you can't sell your house.
CNSNew reports:
[REEP] would be to “facilitate” the retrofitting of existing buildings nationwide.
“The Administrator shall develop and implement, in consultation with the Secretary of Energy, standards for a national energy and environmental building retrofit policy for single-family and multi-family residences,” the bill reads.
It continues: “The purpose of the REEP program is to facilitate the retrofitting of existing buildings across the United States.”
And:
This means that homeowners, for example, could be required to retrofit their homes to meet federal “green” guidelines in order to sell their homes, if the cap-and-trade bill becomes law.
You could have to spend thousands of dollars to bring your house up to some arbitrary standards of energy efficiency in order to sell your home. This is just what the housing market needs. This will really increase the value of homes, since owners will be locked into them unless they can afford the retrofit required by the government.
This is what happens when you put command-and-control Spendocrats in charge. You sure this is the hope and change you voted for?
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