S. 838: PACE Act of 2017
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S. 838: PACE Act of 2017
115th Congress · introduced 2017-04-05 · Finance and Financial Sector · Latest: Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-56.
federal
Follow this bill, step by step
- Where it came from: introduced 2017-04-05 · official record
- Who proposed it: Sen. Cotton, Tom [R-AR] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-56. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
PACE Act of 2017
Plain summary
Protecting Americans from Credit Entanglements Act of 2017 or the PACE Act of 2017 This bill amends the Truth in Lending Act to extend that Act's requirements to real property retrofit loans. A "real property retrofit loan" is a loan that is: (1) secured by an interest in real property; (2) repayable in installment payments made concurrently with the payment of property taxes on the real property; and (3) used to finance real property retrofits, including energy-efficiency upgrades, renewable-energy installations, seismic retrofits, water-conservation upgrades, and other similar improvements. Before extending a real property retrofit loan, the creditor must disclose that the loan will result in a lien on the real property securing the loan.
Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.
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If it passes both chambers and is signed, it becomes law.
A “Nay” vote
If it is not passed, current law stays as it is.
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Sen. Cotton, Tom [R-AR] · 3 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
John Boozman (R-AR), John Kennedy (R-LA)
Sponsor's campaign money: Sen. Cotton, Tom [R-AR] reported raising $7.1 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.
No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.
Words on this page, explained (2)
- Bill
- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
- Property tax
- A tax on land, buildings and some business property, based on its value. In Texas it is set and collected by local governments (cities, counties, school districts and special districts), not by the state.
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Introduced in Senate)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-115s838.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/115/s>
Record fed-us-cong115-s838 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115