Us Congress 2023-2024 Regular Session

Us Congress Senate Bill SB3079

Introduced
10/18/23  

Caption

Accelerating Appraisals and Conservation Efforts Act

Impact

The bill proposes that when the Secretary of the Interior engages non-federal covered appraisers, there will be a preference for utilizing appraisers licensed in the state where the property is located. This is intended to ensure that local expertise is leveraged in valuation processes. However, exceptions are made, whereby appraisers from other states can be used under certain conditions, such as unavailability or lack of qualification from local appraisers. Furthermore, the bill mandates annual reporting for a minimum of four years after enactment to evaluate the effectiveness of these new protocols.

Summary

Senate Bill 3079, titled the 'Accelerating Appraisals and Conservation Efforts Act', aims to enhance the processes surrounding appraisal and valuation services for real property transactions that fall under the jurisdiction of the Secretary of the Interior. The bill seeks to implement a streamlined licensing requirement, allowing covered appraisers to perform their duties in any state provided they hold a license or certification from just one state. This effort aims at increasing efficiency in appraisal services provided by the Department of the Interior.

Contention

Potential points of contention include concerns regarding the autonomy and independence of non-federal covered appraisers, as well as whether the shift to a single-state licensing basis could compromise the quality and reliability of appraisals in certain regions. There are also considerations about existing federal and state laws which might affect how the bill's provisions are implemented, as it aims to clarify that regulations and requirements from before the bill's enactment would not apply in situations covered by the new legislation.

Companion Bills

No companion bills found.

Previously Filed As

US HB5443

AACE Act Accelerating Appraisals and Conservation Efforts Act

US SB4340

GREEN Appraisals Act of 2024 Getting Renewable and Energy Efficient Neighborhoods Appraisals Act of 2024

US HB8402

GREEN Appraisals Act of 2024 Getting Renewable and Energy Efficient Neighborhoods Appraisals Act of 2024

US SB2322

Appraisal Modernization Act

US HB6747

Clean Electricity and Transmission Acceleration Act of 2023

US SB3102

Retirement Savings for Americans Act of 2023

US SB3075

Adult Education WORKS Act Adult Education Workforce Opportunity and Reskilling for Knowledge and Success Act

US SB1178

GREEN Appraisals Act of 2025 Getting Renewable and Energy Efficient Neighborhoods Appraisals Act of 2025

US SB971

Chesapeake Bay Conservation Acceleration Act of 2025

US HB2091

Chesapeake Bay Conservation Acceleration Act of 2025

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