,,ii  #aahth ,,congress  #ast ,session  
,s4 #cjgi  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,october #ah1  
#bjbc,ms4 ,cortez ,masto introduced the 
following bill2 which was read twice and
 referred to the ,committee on ,energy  
and ,natural ,resources  ,a ,,bill  ,to 
establish a policy regarding appraisal  
and valuation services for real property
 for a transaction over which the       
,secretary of the ,interior has         
jurisdiction1 and for other purposes4   
#a4 ,short title ,this ,act may be cited
 as the ,accelerating ,appraisals and   
,conservation ,efforts ,act or the      
,,aace ,act4  #b4 ,definitions ,in this 
,act3 7#a7 ,covered appraiser ,the term 
covered appraiser means a               
,state-licensed or -certified real      
property appraiser4  7#b7 ,department   
,the term ,department means the         
,department of the ,interior4  7#c7     
,reporting period ,the term reporting   
period means the #a-year period ending  
on the date on which the applicable     

report is submitted under section       
#c7;c74  7#d7 ,secretary ,the term      
,secretary means the ,secretary of the  
,interior4  7#e7 ,state ,the term ,state
 means each of the several ,states1 the 
,district of ,columbia1 and each        
territory and possession of the ,united 
,states4  #c4 ,appraisal and valuation  
services for real property  7a7         
,license1 certification requirement ,a  
covered appraiser shall be required to  
be licensed or certified in only #a     
,state to perform appraisal or valuation
 services for real property in any      
,state for a transaction over which the 
,secretary has jurisdiction4  7b7 ,use  
of non-,federal covered appraisers ,if  
the ,secretary uses a non-,federal      
covered appraiser to perform appraisal  
or valuation services for real property 
for a transaction described in          
subsection 7a71 the ,secretary-- 7#a7   
shall1 to the maximum extent            
practicable1 use a non-,federal covered 
appraiser 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    
located2 and  7#b7 may only use a       
non-,federal covered appraiser who is a 
certified general real property         
appraiser licensed in a ,state other    
than the ,state in which the real       
property that is the subject of the     
transaction is located if a non-,federal
 covered appraiser described in         
paragraph 7#a71 as determined by the    
,secretary-- 7,a7 is unavailable2  7,b7 
is not qualified for the assignment2 or 
7,c7 is not cost-competitive4  7c7      
,report ,not later than #a year after   
the date of enactment of this ,act1 and 
annually thereafter for a minimum of #d 
years1 the ,secretary shall submit to   
,congress a report that includes the    
following3 7#a7 ,a comparison using     
quantitative data of-- 7,a7 the number  
of requests for appraisal and valuation 
services received by the ,department--  
7i7 during the reporting period2 and    

7ii7 in each of the #e years before the 
reporting period2 and  7,b7 the amount  
of time required for the ,department to 
complete a request for appraisal or     
valuation services-- 7i7 before the date
 of enactment of this ,act2 and  7ii7   
after the date of enactment of this     
,act4  7#b7 ,a qualitative assessment of
 the impact of subsection 7a7 in        
providing flexibility to the ,secretary 
in contracting with non-,federal covered
 appraisers4  7#c7 ,recommendations1 if 
any1 for congressional action that could
 help the ,department operate more      
efficiently or overcome challenges with 
respect to timely completion of requests
 for appraisal or valuation services    
while ensuring the independence1        
impartiality1 and objectivity of such   
services4  7#d7 ,an overview of the     
workforce of the ,department with       
respect to appraisal and valuation      
services provided by the ,department1   
including hiring and staffing during the
 reporting period with respect to       

employees and contractors of the        
,department4  7d7 ,statutory            
clarifications  7#a7 ,applicability of  
relevant laws and regulations ,except as
 provided in paragraph 7#c71 nothing in 
this section affects the application of 
any ,federal or ,state law 7including a 
regulation7 to a non-,federal covered   
appraiser with respect to the           
performance by the non-,federal covered 
appraiser of appraisal and valuation    
services for real property4  7#b7       
,jurisdiction requirement ,nothing in   
this section authorizes a non-,federal  
covered appraiser to perform appraisal  
and valuation services for real property
 in a ,state in which the non-,federal  
covered appraiser is not licensed or    
certified to perform such services1     
except to the extent that such services 
are performed for a transaction over    
which the ,secretary has jurisdiction4  
7#c7 ,nonapplicability of certain       
relevant laws and regulations ,any      
provision of a ,federal or ,state law   

7including a regulation7 enacted before 
the date of enactment of this ,act that 
requires a covered appraiser to be      
licensed or certified in a specific     
,state to perform appraisal or valuation
 services for real property in the      
,state shall not apply to any           
transaction over which the ,secretary   
has jurisdiction4