Real Estate Valuation Fairness and Improvement Act of 2021
- Last Action
- 4/21/2021
Actions
- 2021-04-21Ordered to be Reported (Amended) by Voice Vote.
- 2021-04-21Committee Consideration and Mark-up Session Held.
- 2021-04-20Committee Consideration and Mark-up Session Held.
- 2021-04-15Referred to the House Committee on Financial Services.
- 2021-04-15Introduced in House
- 2021-04-15Introduced in House
CRS Summary
As of 2021-04-15 (00)
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.
Cosponsors (6)
- Ritchie Torres (D-NY)
- BOBBY RUSH (D-IL)
- Shontel Brown (D-OH)
- Cori Bush (D-MO)
- SHEILA JACKSON LEE (D-TX)
- Suzanne Bonamici (D-OR)
Subjects
- Advisory bodies
- Congressional oversight
- Employment and training programs
- Government information and archives
- Government lending and loan guarantees
- Government studies and investigations
- Inflation and prices
- Racial and ethnic relations
- Real estate business
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.