HR 5443 118th Congress

AACE Act

Latest Action

Became Public Law No: 118-230.

Congress.gov

Sponsors

Rep. Lee, Susie [D-NV-3]

Rep. Lee, Susie [D-NV-3]

D — NV

Summary

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.
Accelerating Appraisals and Conservation Efforts Act or AACE Act This bill 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.
Accelerating Appraisals and Conservation Efforts Act or AACE Act This bill 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.

Actions

2024-11-19T00:00:00

Committee on Energy and Natural Resources. Ordered to be reported without amendment favorably.

2024-07-09T00:00:00

Received in the Senate and Read twice and referred to the Committee on Energy and Natural Resources.

2024-07-08T00:00:00

Motion to reconsider laid on the table Agreed to without objection.

2024-07-08T00:00:00

On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4469)

2024-07-08T00:00:00

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)

2024-07-08T00:00:00

DEBATE - The House proceeded with forty minutes of debate on H.R. 5443.

2024-07-08T00:00:00

Considered under suspension of the rules. (consideration: CR H4468-4470)

2024-07-08T00:00:00

Mr. Westerman moved to suspend the rules and pass the bill, as amended.

2024-06-27T00:00:00

Placed on the Union Calendar, Calendar No. 467.

2024-06-27T00:00:00

Reported (Amended) by the Committee on Natural Resources. H. Rept. 118-565.

2024-06-27T00:00:00

Reported (Amended) by the Committee on Natural Resources. H. Rept. 118-565.

2024-03-12T00:00:00

Ordered to be Reported (Amended) by Unanimous Consent.

2024-03-12T00:00:00

Committee Consideration and Mark-up Session Held

2024-03-12T00:00:00

Subcommittee on Federal Lands Discharged

2024-01-31T00:00:00

Subcommittee Hearings Held

2024-01-30T00:00:00

Referred to the Subcommittee on Federal Lands.

2023-09-13T00:00:00

Referred to the House Committee on Natural Resources.

2023-09-13T00:00:00

Introduced in House

2023-09-13T00:00:00

Introduced in House

2025-01-04T00:00:00

Became Public Law No: 118-230.

2025-01-04T00:00:00

Became Public Law No: 118-230.

2025-01-04T00:00:00

Signed by President.

2025-01-04T00:00:00

Signed by President.

2024-12-27T00:00:00

Presented to President.

2024-12-27T00:00:00

Presented to President.

2024-12-19T00:00:00

Message on Senate action sent to the House.

2024-12-18T00:00:00

Passed Senate without amendment by Unanimous Consent. (consideration: CR S7145)

2024-12-18T00:00:00

Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.

2024-11-21T00:00:00

Placed on Senate Legislative Calendar under General Orders. Calendar No. 649.

2024-11-21T00:00:00

Committee on Energy and Natural Resources. Reported by Senator Manchin without amendment. Without written report.

2024-11-21T00:00:00

Committee on Energy and Natural Resources. Reported by Senator Manchin without amendment. Without written report.

Policy Areas

Public Lands and Natural Resources

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