HR 2553 · 117th Congress · Finance and Financial Sector
Real Estate Valuation Fairness and Improvement Act of 2021
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Ordered to be Reported (Amended) by Voice Vote.(2021-04-21)
Plain Language Summary
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Real Estate Valuation Fairness and Improvement Act of 2021 This bill establishes the Interagency Task Force on Real Estate Valuation to harmonize among specified agencies and entities the underwriting standards that govern residential and commercial real estate valuations. The task force must also study racial disparities in the valuation and price of certain residential real estate. The bill also establishes a grant program for states, nonprofit organizations, and institutions of higher education to promote diversity and inclusion in the appraisal profession.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 2553, Real Estate Valuation Fairness and Improvement Act of 2021
Feb 22, 2022As ordered reported by the House Committee on Financial Services on April 21, 2021
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office