S. 3552: 7(a) Real Estate Appraisal Harmonization Act

115th Congress · introduced 2018-10-05 · Finance and Financial Sector · Latest: By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-437.

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Follow this bill, step by step

Where it came from: introduced 2018-10-05 · official record
Who proposed it: Sen. Risch, James E. [R-ID] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-437. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

7(a) Real Estate Appraisal Harmonization Act

Plain summary

7(a) Real Estate Appraisal Harmonization Act This bill amends the Small Business Act to revise the loan amount above which a real estate appraisal is required for a commercial real property securing a small business loan. Specifically, the bill ties the amount to the federal banking regulator appraisal threshold. (Currently, an appraisal is required for a loan of more than $250,000.)

Congressional Research Service summary (Reported to Senate without amendment), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

7(a) Real Estate Appraisal Harmonization Act

Source: Congressional Research Service summary (Reported to Senate without amendment)

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Officials and money

Sponsor: Sen. Risch, James E. [R-ID] · 0 cosponsors

Cost estimate: CBO cost estimate: S. 3552, 7(a) Real Estate Appraisal Harmonization Act (2018-10-15)

Sponsor's campaign money: Sen. Risch, James E. [R-ID] reported raising $3.9 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)

Appraisal: An estimate of what property is worth. In Texas, county appraisal districts set the value that property taxes are based on.
Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Reported to Senate without amendment)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-115s3552.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/115/s>

Record fed-us-cong115-s3552 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115