PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Congressional Research Service
Version 00 · Introduced in Senate · May 7, 2025
Appraisal Industry Improvement Act
This bill revises the eligibility criteria for real estate appraisers who are authorized to perform appraisals for federally related mortgage loans.
As background, the Federal Financial Institutions Examination Council’s Appraisal Subcommittee oversees state licensing and certification of appraisers and maintains a registry of appraisers who are eligible to perform federally related appraisals—those tied to mortgages involving federally insured banks, federally backed programs (e.g., programs administered by the Federal Housing Administration), or government sponsored enterprises (e.g., Fannie Mae).
Showing the opening paragraphs of the official summary.
The bill
allows federal employees who are state certified or licensed as an appraiser to perform federally related appraisals in states and territories other than the state or territory in which they are certified or licensed,
requires appraisers to meet competency requirements established in the Uniform Standards of Professional Appraisal Practice, and
prohibits an appraiser who is only certified by a nationally recognized professional appraisal organization from performing federally related appraisals.
The bill also establishes requirements for qualifying education for these appraisers.
The bill expands the national registry of state certified and licensed appraisers to include credentialed trainees. The bill also allows state certified appraisers to use the assistance of a credentialed trainee or an unlicensed trainee.
Finally, under the bill, the subcommittee (1) must make grants to state certifying and licensing agencies for the purpose of addressing appraiser workforce needs, and (2) may decrease certain fees for appraisal management companies if the subcommittee determines that the fees result in adverse consequences or are not appropriately tailored.
People & committees
Sen. Cramer, Kevin [R-ND] · R–ND
Legislative record
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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
Primary sources
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No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: May 5, 2026. Consult Congress.gov for the current record.
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