S 3050
A bill to amend the Federal Financial Institutions Examination Council Act of 1978 to provide designees of the Secretary of Veterans Affairs and the Administrator of the Rural Housing Service of the Department of Agriculture with positions on the Appraisal Subcommittee of the Federal Financial Institutions Examination Council.
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill changes the Federal Financial Institutions Examination Council (FFIEC) by adding representatives from the Department of Veterans Affairs and the Rural Housing Service to the Appraisal Subcommittee. The Appraisal Subcommittee helps ensure accurate property appraisals, which is important for financial stability. This addition aims to improve the subcommittee’s understanding of specific lending challenges faced by veterans and rural homebuyers.
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Primary sponsor
Jon Tester
Cosponsors
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