AACE Act
Also known as Accelerating Appraisals and Conservation Efforts Act
Where it stands
- Introduced9/13/23
- Passed HousePassed 7/8/24
- SenatePassed 12/18/24
- PresidentSigned 1/4/25
- LawPublic Law 118-230
Passed the House by voice vote on July 8, 2024. Passed the Senate by unanimous consent on December 18, 2024. Became Public Law 118-230 on January 4, 2025.
Passed by voice vote or unanimous consent — no individual positions were recorded.
Accelerating Appraisals and Conservation Efforts Act or AACE Act
This act 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. Interior must make the text of all policies related to such appraisals public.
13
9/13/23
What happens next
Became Public Law 118-230.
All actions (25)
- 9/13/23Introduced in House
- 9/13/23Referred to the House Committee on Natural Resources.
- 1/30/24Referred to the Subcommittee on Federal Lands.
- 1/31/24Subcommittee Hearings Held
- 3/12/24Subcommittee on Federal Lands Discharged
- 3/12/24Committee Consideration and Mark-up Session Held
- 3/12/24Ordered to be Reported (Amended) by Unanimous Consent.
- 6/27/24Reported (Amended) by the Committee on Natural Resources. H. Rept. 118-565.
- 6/27/24Placed on the Union Calendar, Calendar No. 467.
- 7/8/24Mr. Westerman moved to suspend the rules and pass the bill, as amended.
- 7/8/24Considered under suspension of the rules. (consideration: CR H4468-4470)
- 7/8/24DEBATE - The House proceeded with forty minutes of debate on H.R. 5443.
- 7/8/24Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4469)
- 7/8/24On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4469)
- 7/8/24Motion to reconsider laid on the table Agreed to without objection.
- 7/9/24Received in the Senate and Read twice and referred to the Committee on Energy and Natural Resources.
- 11/19/24Committee on Energy and Natural Resources. Ordered to be reported without amendment favorably.
- 11/21/24Committee on Energy and Natural Resources. Reported by Senator Manchin without amendment. Without written report.
- 11/21/24Placed on Senate Legislative Calendar under General Orders. Calendar No. 649.
- 12/18/24Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
- 12/18/24Passed Senate without amendment by Unanimous Consent. (consideration: CR S7145)
- 12/19/24Message on Senate action sent to the House.
- 12/27/24Presented to President.
- 1/4/25Signed by President.
- 1/4/25Became Public Law No: 118-230.