The Portal for Appraisal Licensing Act (HR 2771), also known as PAL, was reintroduced in the U.S. House of Representatives on April 20, according to the Appraisal Institute (AI).
The bipartisan legislation is intended to modernize the real estate appraisal licensing system to reduce costs and cut red tape for appraisers and those who use the services of appraisers.
HR 2771 is co-sponsored by Reps. Barry Loudermilk, (R-Ga).; David Kustoff, (R-Tenn).; Josh Gottheimer, (D-N.J.); and Ritchie Torres, D-N.Y.
AI professionals taking part in the Leadership Development and Advisory Council conference May 17-19 in Washington, D.C., will be asking members of Congress to co-sponsor the PAL Act during the lobbying portion of the program.