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Federal Legislation & Regulatory

 

 

117th CONGRESS APPRAISAL LEGISLATION

(Updated 8/26/21)

 

H.R. 2553: The Real Estate Valuation Fairness and Improvement Act

To establish an interagency Task Force to analyze Federal collateral underwriting standards and guidance, and for other purposes.

Sponsor: Rep. Emanuel Cleaver (D-MO)

Appraisal Institute position: Support

 

S. 641: The Landowner Fairness Act

A bill to amend the Natural Gas Act to require the Federal Energy Regulatory Commission to consider certain factors in issuing certificates of public convenience and necessity under that Act, to modify the requirements for the right to exercise eminent domain in construction of pipelines under that Act, to provide that the right of eminent domain may not be exercised under that Act for projects for the exportation of natural gas, and for other purposes.

Sponsor: Sen. Ron Wyden (D-OR)

Appraisal Institute position: Support

 

H.R. 4155; The Green Neighborhoods Act

To encourage energy efficiency, conservation, and development of renewable energy sources for housing, and to create sustainable communities.

Sponsor: Rep. Ed Perlmutter (D-CO)

Appraisal Institute position: Support

 

H.R. 3008: The Homebuyer Assistance Act

To amend the National Housing Act to authorize State-licensed appraisers to conduct appraisals in connection with mortgages insured by the FHA and to require compliance with the existing appraiser education requirement, and for other purposes.

Sponsor: Rep. Brad Sherman (D-CA)

Appraisal Institute position: Support

 

S. 2256/H.R. 4164:  The Charitable Conservation Easement Program Integrity Act

The legislation imposes a limitation on the tax deduction for qualified conservation contributions made by certain partnerships if the amount of the contribution exceeds 2.5% times the sum of each partner's relevant basis in the partnership. This limitation also applies to other pass-thru entities, such as S corporations.

Sponsor: Senate: Sen. Steve Daines (R-MT). House: Rep. Mike Thompson (D-CA), Rep. Mike Kelly (R-PA)

Appraisal Institute position: Support

 

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