Appraisal Fee Transparency Act of 2019
Latest action · Sep 23, 2019 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJul 5, 2019
- Passed HouseSep 19, 2019
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Appraisal Fee Transparency Act of 2019
This bill revises provisions related to real estate appraisals. Specifically, the bill
- adds trainee appraisers to the National Registry of Appraisers,
- allows the Federal Financial Institutions Examination Council's Appraisal Subcommittee to adjust annual registry fees for appraisal management companies,
- requires the disclosure of appraisal fees in the case of an appraisal coordinated by an appraisal management company,
- allows nonprofit organizations and institutions of higher education to receive certain grants, and
- adds a designee of the Department of Veterans Affairs to the Appraisal Subcommittee.
Cosponsors 3
Members who signed on, in the order they did. Signatures ran from Jul 15, 2019 to Sep 17, 2019.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MO | Emanuel Cleaver | Jul 15, 2019 | |
| R-WI | Sean P. Duffy | Jul 15, 2019 | |
| R-TX | Van Taylor | Sep 17, 2019 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Jul 5, 2019Markup Jul 11, 2019 |
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Sep 23, 2019 |
Actions 10
Everything that happened, newest first.
- Sep 23, 2019Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sep 19, 2019Ms. Waters moved to suspend the rules and pass the bill, as amended.
- Sep 19, 2019Considered under suspension of the rules. (consideration: CR H7803-7805)
- Sep 19, 2019DEBATE - The House proceeded with forty minutes of debate on H.R. 3619.
- Sep 19, 2019Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7804)
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H7803–H7805Text printed H7804Notices H7832Estimated budget effects of H.R. 3619, Appraisal Fee Transparency Act | John A. Yarmuth D-KY, Maxine Waters D-CA, Patrick T. McHenry R-NC, Wm. Lacy Clay D-MO | Sep 19, 2019 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Congressional Budget Office cost estimate
- Oct 31, 2019H.R. 3619, Appraisal Fee Transparency Act of 2019As passed by the House of Representatives on September 19, 2019
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 165, no. 112, July 5, 2019, page H5272.
Titles 4
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to provide the Appraisal Subcommittee with the authority to modify annual registry fees for appraisal management companies, to maintain a registry of trainees and charge a lower trainee registry fee, and to allow grants to States to assist appraiser and potential appraiser compliance with the Real Property Appraiser Qualification Criteria, and for other purposes.
- Short Title(s) as Introduced
- Appraisal Reform Act of 2019
- Short Title(s) as Passed House
- Appraisal Fee Transparency Act of 2019
- Short Titles from RFS (Referred to Senate) bill text
- Appraisal Fee Transparency Act of 2019
Subjects
Assigned by the Library of Congress. Policy area: Housing and Community Development.
- Administrative law and regulatory procedures
- Congressional oversight
- Consumer affairs
- Department of Veterans Affairs
- Higher education
- Housing and Community Development
- Housing finance and home ownership
- Housing industry and standards
- Licensing and registrations
- Real estate business
- State and local government operations
- User charges and fees
Text 3
Each version as it was printed, newest first.
- Sep 23, 2019Referred in Senate
- Sep 19, 2019Engrossed in House
- Jul 5, 2019Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
