To amend the Truth in Lending Act to require that financial institutions, appraisal management companies, appraisers, and other valuation professionals are serving the housing market in a manner that is efficient and consistent for all mortgage loan applicants, borrowers, and communities, and for other purposes; to study the feasibility of creating a national public appraisal database.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill expands a appropriation, loan guarantee, reporting req provision: 2 and expands a loan guarantee, reporting req, compliance mandate provision: 3. It relies on loan guarantees, reporting requirements, appropriations, and compliance mandates. The main policy areas are Defense and Finance.
Who Benefits and How
The available clause analysis does not identify a specific beneficiary group.
Who Bears the Burden and How
No clear private burden is identified from the available clause analysis; implementing agencies may still take on administrative work.
Key Provisions
- Expands a appropriation, loan guarantee, reporting req provision: 2.
- Expands a loan guarantee, reporting req, compliance mandate provision: 3.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for primary purpose and policy domains.
At a Glance
What This Bill Does
The bill expands a appropriation, loan guarantee, reporting req provision: 2 and expands a loan guarantee, reporting req, compliance mandate provision: 3.
Key Policy Areas
Defense, Finance
Primary Purpose
The bill expands a appropriation, loan guarantee, reporting req provision: 2 and expands a loan guarantee, reporting req, compliance mandate provision: 3.
Policy Domains
Legislative Progress
IntroducedMs. Pressley introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
Key Definitions
Terms defined in this bill
an appraisal report that—(i)uses unsupported or subjective terms to assess or rate the property without providing a foundation for analysis and contextual information
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology