,,ii #aaith ,,congress #b;d ,session ,s4 #efci ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,september #cj1 #bjbf,mr4 ,rounds 7for himself and ,ms4 ,cortez ,masto7 introduced the following bill2 which was read twice and referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs ,a ,,bill ,to amend the ,financial ,institutions ,reform1 ,recovery1 and ,enforcement ,act of #aihi to establish a ,portal for ,appraiser ,credentialing and ,,amc ,registration ,information1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,portal for ,appraisal ,licensing ,act of #bjbf4 #b4 ,portal for ,appraiser ,credentialing and ,,amc ,registration ,information ,section #aajc of the ,financial ,institutions ,reform1 ,recovery1 and ,enforcement ,act of #aihi 7#ab ,u4,s4,c4 #cccb7 is amended-- 7#a7 in subsection 7a7-- 7,a7 in paragraph 7#c71 by striking and at the end2 7,b7 in paragraph 7#d71 by striking the period on the end and inserting a semicolon2 7,c7 in paragraph 7#e7-- 7i7 by striking 4 ,the report and inserting 1 and which2 and 7ii7 by striking the period on the end and inserting a semicolon2 7,d7 in paragraph 7#f71 by striking the period on the end and inserting 2 and2 and 7,e7 by adding at the end the following3 7#g7 establish and maintain the ,portal for ,appraiser ,credentialing and ,,amc ,registration ,information described in subsection 7c74 2 and 7#b7 by adding at the end the following3 7c7 ,portal for ,appraiser ,credentialing and ,,amc ,registration ,information 7#a7 ,in general ,the ,appraisal ,subcommittee shall establish and maintain a cloud-based system to be called the ,portal for ,appraiser ,credentialing and ,,amc ,registration ,information 7referred to in this subsection as the ,portal71 which-- 7,a7 shall provide appraisers and appraisal management companies a central depository for license1 certification1 and registration applications and renewals2 7,b7 shall provide connectivity with ,state appraiser certifying and licensing agencies for their access to all application and renewal information1 including completed qualifying and continuing education1 experience logs1 examination results1 background check information1 where applicable1 and any other information the ,appraisal ,subcommittee determines appropriate 7after consideration of any advice from the advisory committee established under paragraph 7#f772 7,c7 shall make available payment of all license1 certification1 and registration fees and delivery of letters of good standing to ,state appraiser certifying and licensing agencies2 and 7,d7 may utilize an existing platform1 if available4 7#b7 ,background checks 7,a7 ,access to records ,notwithstanding any other provision of law1 in providing appraisal functions1 the ,attorney ,general shall provide access to all criminal history information to the appropriate ,state officials responsible for regulating ,state-licensed and ,state-certified appraisers or appraisal management companies to the extent criminal history background checks are required under the laws of the ,state for the licensing or certification of such appraisers and registering appraisal management companies4 7,b7 ,agent ,for the purposes of this paragraph and in order to reduce the points of contact which the ,federal ,bureau of ,investigation may have to maintain for purposes of subparagraph 7,a71 the ,appraisal ,subcommittee may be used as a channeling agent of the ,states for requesting and distributing information between the ,department of ,justice and the appropriate ,state agencies4 7,c7 ,other persons requiring a background check ,to the extent criminal history background checks conducted by the ,federal ,bureau of ,investigation are required under the laws of a ,state1 appraisers and any other person that may require such a background check shall submit fingerprints to the ,portal and authorize the ,appraisal ,subcommittee to process a criminal background check with the ,federal ,bureau of ,investigation4 7,d7 ,treatment of background checks ,background checks completed under this paragraph shall satisfy any third-party oversight requirements imposed by ,federal financial institutions regulatory agencies4 7#c7 ,additional content information 7,a7 ,education courses ,for purposes of the education information maintained by the ,portal-- 7i7 a ,state appraiser certifying and licensing agency may notify the ,portal of which particular courses have been approved by the agency2 and 7ii7 both education providers and ,state appraiser certifying and licensing agencies of ,states may submit to the ,portal lists of individuals who have completed such courses4 7,b7 ,unique identifiers ,the ,appraisal ,subcommittee shall use a unique identifier to identify each individual who submits an application through the ,portal or otherwise makes use of the ,portal4 ,the ,appraisal ,subcommittee may also use a unique identifier to identify each appraisal management company that submits an application through the ,portal or otherwise makes use of the ,portal4 7#d7 ,no effect on ,states' rights ,states shall retain the ability to act independently upon license1 certification1 and registration applications and renewals for appraisers and appraisal management companies4 7#e7 ,treatment of fees ,state credentialing fees and any ,state-specific information shall continue to be provided to ,states by appraisers and appraisal management companies1 but transmitted through the ,portal via a streamlined process and application4 7#f7 ,advisory committee 7,a7 ,in general ,the ,appraisal ,subcommittee shall establish an advisory committee to advise the ,appraisal ,subcommittee on the establishment of the ,portal4 7,b7 ,membership ,the advisory committee shall consist of representatives of industry associations1 appraisers1 lenders1 appraisal management companies1 and ,state appraiser certifying and licensing agencies1 to be determined by the ,appraisal ,subcommittee4 7#g7 ,funding 7,a7 ,user fees ,for the sole purpose of paying for the cost of establishing and maintaining the ,portal and carrying out the background checks required under paragraph 7#b77;,a71 the ,appraisal ,subcommittee may charge a reasonable fee to individuals and appraisal management companies making use of the ,portal4 ,the fee shall be revenue neutral to the costs of developing and maintaining the ,portal4 7,b7 ,state grants ,the ,appraisal ,subcommittee shall make grants available to ,state appraiser certifying and licensing agencies1 in accordance with policies to be developed by the ,appraisal ,subcommittee1 to support the efforts of such agencies to connect ,state systems with the ,portal4 4