Sponsors
The bill would create valuable standardized appraisal data that improves research, oversight, and market transparency for many Americans, but it raises substantial privacy, competitive, cost, and proprietary risks that must be managed.
Researchers and approved academics/nonprofits would gain access to a large, standardized appraisal-level dataset for analysis and policy research.
Federal and state supervisors would be better able to detect discriminatory or unsafe lending and valuation practices using consolidated appraisal data.
Homebuyers and homeowners would have greater market transparency about local valuation trends through public availability of appraisal data.
Homeowners could have personally identifiable information exposed, increasing privacy risks unless data are properly redacted or aggregated.
Small appraisal firms and independent appraisers could be harmed if publishing detailed appraisal data gives competitive advantages to larger valuation firms or AVM operators.
Taxpayers and financial institutions could face substantial costs to collect, consolidate, secure, and maintain a nationwide appraisal database.
Based on analysis of 3 sections of legislative text.
Gives borrowers the right to request appraisal reconsideration or a new appraisal, imposes lender procedures and recordkeeping, and orders a GAO study on a public appraisal database.
Introduced November 7, 2025 by Ayanna Pressley · Last progress November 7, 2025
Creates a new consumer right to ask for an appraisal reconsideration or a subsequent appraisal for mortgages and other consumer-credit loans secured by a person's primary home, and imposes procedures and recordkeeping requirements on creditors and appraisers. Directs federal housing regulators to write implementing rules within a year and requires the Government Accountability Office to study the feasibility, risks, and costs of making appraisal-level data from major federal housing programs public and report to Congress within 240 days.