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United States · Law · HR

H.R. 5443 (118th)

AACE Act

enactedUnited States· United States Congress· EN

Introduced

13 September 2023

Last action

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Status

Became Public Law No: 118-230.

Sponsors

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Subjects

Discovery layer

Source updated

17 July 2026

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Summary

Accelerating Appraisals and Conservation Efforts Act or AACE Act This bill relaxes requirements for the Department of the Interior in appraising and valuing real property for transactions over which Interior has jurisdiction. Specifically, a private real property appraiser needs only to be licensed or certified in one state to perform appraisal or valuation services for real property over which Interior has jurisdiction. Currently, if a private assessor is used for a real property transaction within Interior's jurisdiction, that assessor must be licensed or certified in the state where that transaction occurs.  When using private appraisers, Interior shall, to the maximum extent practicable, use private appraisers who are certified general real property appraisers licensed in the state where the transaction occurs. Additionally, Interior may use a private appraiser who is licensed outside the state in which the transaction occurs only if private appraisers licensed in that state are unavailable, not assignment qualified, or not cost competitive.   

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Documents

17 official files

Enrolled Bill (text)

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