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Appraisal Modernization Act

In committee: it can still change before the session ends.

US S 2322 · Senate Bill · 119th Congress

Stage
In committee
Started in
Senate
Sponsors
8
Latest action
Jul 17, 2025

What it does

The Appraisal Modernization Act would require federal housing agencies to share historical and ongoing residential appraisal data with a federal agency to create a public, searchable database aimed at ensuring fair and consistent valuation practices across the housing market. The bill mandates that detailed appraisal information—including property, market, borrower demographics, and appraisal methodology—be disclosed at the appraisal level, while allowing limited modifications to protect privacy. It also grants consumers the right to request a reconsideration of value or a subsequent appraisal if they believe an appraisal contains unacceptable practices, such as reliance on unverified data…

No official summary is available here. This one was written by AI from the bill’s text.

Read the full textRead it on the official site

Where it stands

  1. Introduced (Done)

    Jul 17, 2025

  2. Committee (Current step)

    In committee · Jul 17, 2025

  3. Floor (Not started)

  4. Law (Not started)

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

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Where it goes next

While a bill can still move, the questions are about people and money.

Work with this bill

Appraisal Modernization Act | 52