Mike Rounds (R-SD)

Portal for Appraisal Licensing Act of 2026

S. 5639 · Senate bill Finance and Financial Sector

A Republican bill with 1 Democratic cosponsor · See the cosponsor

Last activity — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill is titled the Portal for Appraisal Licensing Act of 2026. It requires the Appraisal Subcommittee to establish and maintain a cloud-based system called the Portal for Appraiser Credentialing and AMC Registration Information. This portal will serve as a central depository for appraisers and appraisal management companies to submit license, certification, and registration applications and renewals. The bill allows the Attorney General and the Federal Bureau of Investigation to provide criminal history information to appropriate State officials using the Appraisal Subcommittee as a channeling agent. It also preserves States' rights to act independently on applications and establishes an advisory committee to advise on the portal's establishment. Additionally, the bill permits the Appraisal Subcommittee to charge reasonable user fees to cover the costs of the portal and provide grants to State agencies.