Appraisal Industry Improvement Act
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 grant, compliance mandate, product standard provision: 2, reduces a appropriation provision: 3. Annual registry fees for appraisal management companies Section 1109(a) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 3338(a)) is amended, and adds or tightens a reporting req, compliance mandate, product standard provision: 4. It relies on grants, compliance mandates, product standards, and appropriations. The main policy areas are Finance and Education.
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 grant, compliance mandate, product standard provision: 2.
- Reduces a appropriation provision: 3. Annual registry fees for appraisal management companies Section 1109(a) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 3338(a)) is amended...
- Adds or tightens a reporting req, compliance mandate, product standard provision: 4.
- Expands a appropriation, grant provision: 5. Grants for workforce and training Section 1109(b) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 3338(b)) is amended— in paragraph...
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 grant, compliance mandate, product standard provision: 2, reduces a appropriation provision: 3. Annual registry fees for appraisal management companies Section 1109(a) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 3338(a)) is amended, and adds or tightens a reporting req, compliance mandate, product standard provision: 4.
Key Policy Areas
Finance, Education
Primary Purpose
The bill expands a grant, compliance mandate, product standard provision: 2, reduces a appropriation provision: 3. Annual registry fees for appraisal management companies Section 1109(a) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 3338(a)) is amended, and adds or tightens a reporting req, compliance mandate, product standard provision: 4.
Policy Domains
Sponsors
Legislative Progress
In CommitteeMr. Cramer (for himself and Mr. Gallego) introduced the following …
Read twice and referred to the Committee on Banking, Housing, …
Introduced in Senate
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?
- "secretary_of_housing_and_urban_development"
- → Secretary of Housing and Urban Development
Key Definitions
Terms defined in this bill
an individual who— (A) meets the minimum criteria established by the Appraiser Qualification Board for a trainee appraiser credential
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.
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