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![handle is hein.congrecreports/crptxaghu0001 and id is 1 raw text is: AUT-ENTICATED
US. GOVERNMENT
INFORMATION
GP
118TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 118-565
ACCELERATING APPRAISALS AND CONSERVATION
EFFORTS ACT
JUNE 27, 2024.-Committed to the Committee of the Whole House on the State of
the Union and ordered to be printed
Mr. WESTERMAN, from the Committee on Natural Resources,
submitted the following
REPORT
[To accompany H.R. 5443]
The Committee on Natural Resources, to whom was referred the
bill (H.R. 5443) to establish a policy regarding appraisal and valu-
ation services for real property for a transaction over which the
Secretary of the Interior has jurisdiction, and for other purposes,
having considered the same, reports favorably thereon with an
amendment and recommends that the bill as amended do pass.
The amendment is as follows:
Strike all after the enacting clause and insert the following:
SECTION 1. SHORT TITLE.
This Act may be cited as the Accelerating Appraisals and Conservation Efforts
Act or the AACE Act.
SEC. 2. APPRAISAL AND VALUATION SERVICES FOR REAL PROPERTY.
(a) LICENSE, CERTIFICATION REQUIREMENT.-A covered appraiser needs to be li-
censed or certified in only 1 State to perform appraisal or valuation services for real
property in any State for a transaction over which the Secretary has jurisdiction.
(b) USE OF NON-FEDERAL COVERED APPRAISERS.-If the Secretary uses a non-Fed-
eral covered appraiser to perform appraisal or valuation services for real property
for a transaction described in subsection (a), the Secretary-
(1) shall, to the maximum extent practicable, use a non-Federal covered ap-
praiser who is a certified general real property appraiser licensed in a State in
which the real property that is the subject of the transaction is located; and
(2) may only use a non-Federal covered appraiser who is a certified general
real property appraiser licensed in a State other than one in which the real
property that is the subject of the transaction is located if a non-Federal covered
appraiser described in paragraph (1) is, as determined by the Secretary-
(A) unavailable to complete an assignment within a reasonable period of
time;
(B) not assignment qualified; or
(C) not cost competitive.
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