To establish a policy regarding appraisal and valuation services for real property for a transaction over which the Secretary of the Interior has jurisdiction, and for other purposes.
Accelerating Appraisals and Conservation Efforts Act or AACE Act
This act relaxes requirements for the Department of the Interior in appraising and valuing real property for transactions over which Interior has jurisdiction.
Specifically, a private real property appraiser needs only to be licensed or certified in one state to perform appraisal or valuation services for real property over which Interior has jurisdiction. Currently, if a private assessor is used for a real property transaction within Interior's jurisdiction, that assessor must be licensed or certified in the state where that transaction occurs.
When using private appraisers, Interior shall, to the maximum extent practicable, use private appraisers who are certified general real property appraisers licensed in the state where the transaction occurs.
Additionally, Interior may use a private appraiser who is licensed outside the state in which the transaction occurs only if private appraisers licensed in that state are unavailable, not assignment qualified, or not cost competitive. Interior must make the text of all policies related to such appraisals public.
Mr. Westerman moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H4468-4470)
DEBATE - The House proceeded with forty minutes of debate on H.R. 5443.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4469)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4469)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Energy and Natural Resources.
Committee on Energy and Natural Resources. Ordered to be reported without amendment favorably.
Committee on Energy and Natural Resources. Reported by Senator Manchin without amendment. Without written report.
Committee on Energy and Natural Resources. Reported by Senator Manchin without amendment. Without written report.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 649.
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
Passed Senate without amendment by Unanimous Consent. (consideration: CR S7145)
Message on Senate action sent to the House.
Presented to President.
Presented to President.
Signed by President.
Signed by President.
Became Public Law No: 118-230.
Became Public Law No: 118-230.
Enacted as Public Law 118-230
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