Appraisal Industry Improvement Act introduced in the Senate

On May 7, 2025, Sen. Kevin Cramer introduced S. 1635, the Appraisal Industry Improvement Act, cosponsored by Sen. Ruben Gallego. This bill proposes to:

1.  Add appraiser trainees to the National Registry,

2. Allow licensed appraisers to complete FHA appraisals, in addition to certified residential and certified general,

3. Allow the Appraisal Subcommittee (ASC) the option to lower fees for AMCs

4. Add members from the VA and USDA to the ASC board, and

5. Give broader scope to grants for workforce and training allowed by the ASC.

The bill has been referred to the Committee on Banking, Housing, and Urban Affairs.