On May 7, 2025, Sen. Kevin Cramer introduced S. 1635, the Appraisal Industry Improvement Act, cosponsored by Sen. Ruben Gallego. This bill proposes to:
- Add appraiser trainees to the national registry
- Allow licensed appraisers to complete FHA appraisals, in addition to certified residential and certified general
- Give the Appraisal Subcommittee (ASC) the option to lower fees for AMCs
- Add members from the VA and USDA to the ASC board
- Give broader scope to grants for workforce and training allowed by the ASC
The bill has been referred to the Committee on Banking, Housing, and Urban Affairs.