S 1635 · in committee · significant
Appraisal Industry Improvement Act
- housing
What this bill does
- This bill changes rules for who can perform home appraisals for federally-backed mortgages.
- It affects federal employees, appraisers, and companies that manage appraisals nationwide.
- It requires grants to state agencies and allows fee adjustments for appraisal management companies.
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Community Threads
Started by Cosponsor
- 01
How might expanding who can perform appraisals affect home buyers' access to mortgages and appraisal costs?
- 02
What evidence supports the claim that current appraisal rules create problems that federal grants to states would solve?
- 03
Who bears the costs of appraisal management company fee adjustments, and how might this influence lending in rural versus urban areas?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-ND
Kevin Cramer
Citizen cosponsors
0
In Congress
1/ 100
Senators cosponsoring
Introduced 2025-05-07
Joining the bill
Legislative timeline
2025-05-07 · senate · IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2025-05-07 · IntroReferral
Introduced in Senate
Citizen comments
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