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H.R. 2553

Real Estate Valuation Fairness and Improvement Act of 2021

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.

Ordered to be Reported (Amended) by Voice Vote.

Rep. Cleaver, Emanuel [D-MO-5](D-MO)Sponsor
6 cosponsors6 D
6cosponsors1committees6actions9subjects
  1. Committee

    Ordered to be Reported (Amended) by Voice Vote.

    Financial Services Committee
  2. Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  3. Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  4. IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  5. IntroReferralIntro-H

    Introduced in House

  6. IntroReferral1000

    Introduced in House

Real Estate Valuation Fairness and Improvement Act of 2021 — Informed