The Accelerating Appraisals and Conservation Efforts Act streamlines how the Department of the Interior hires appraisers to evaluate property for federal transactions. Currently, appraisers must be licensed in each state where they work, but this bill allows qualified appraisers to work across multiple states if they are licensed in just one state, as long as the Interior Department has jurisdiction over the transaction. The department must prioritize hiring appraisers licensed in the state where the property is located, but can use appraisers from other states if local ones are unavailable, unqualified, or too expensive. Beginning one year after the law takes effect and continuing for at least four years, the Interior Department must submit annual reports to Congress comparing the number of appraisal requests and completion times before and after the law, assessing its effectiveness, and recommending any additional steps needed to improve efficiency. This change is intended to speed up property appraisals for Interior Department transactions while maintaining the independence and objectivity of the appraisal process.
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