IB 
Union Calendar No. 731 
115TH CONGRESS 
2D SESSION 
H. R. 6347 
[Report No. 115–940] 
To adjust the real estate appraisal thresholds under the 7(a) program to 
bring them into line with the thresholds used by the Federal banking 
regulators, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 12, 2018 
Mr. EVANS (for himself and Mr. CURTIS) introduced the following bill; which 
was referred to the Committee on Small Business 
SEPTEMBER 12, 2018 
Committed to the Committee of the Whole House on the State of the Union 
and ordered to be printed 
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A BILL 
To adjust the real estate appraisal thresholds under the 
7(a) program to bring them into line with the thresholds 
used by the Federal banking regulators, and for other 
purposes. 
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Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘7(a) Real Estate Ap-
praisal Harmonization Act’’. 
SEC. 2. APPRAISAL THRESHOLDS. 
Section 7(a)(29) of the Small Business Act (15 
U.S.C. 636(a)(29)) is amended— 
(1) by redesignating subparagraphs (A) and 
(B) as clauses (i) and (ii), respectively, and adjust-
ing the margins of such clauses accordingly; 
(2) by striking ‘‘With respect to’’ and inserting 
the following: 
‘‘(A) IN GENERAL.—With respect to’’; 
(3) in clause (i), as so redesignated, by striking 
‘‘for more than $250,000’’ and inserting ‘‘, if such 
loan is in an amount greater than the Federal bank-
ing regulator appraisal threshold’’; 
(4) in clause (ii), as so redesignated, by striking 
‘‘for $250,000 or less’’ and inserting ‘‘, if such loan 
is in an amount equal to or less than the Federal 
banking regulator appraisal threshold’’; and 
(5) by adding at the end the following: 
‘‘(B) FEDERAL BANKING REGULATOR AP-
PRAISAL THRESHOLD DEFINED.—For purposes 
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of this paragraph, the term ‘Federal banking 
regulator appraisal threshold’ means the lesser 
of the threshold amounts set by the Board of 
Governors of the Federal Reserve System, the 
Comptroller of the Currency, and the Federal 
Deposit Insurance Corporation for when a fed-
erally related transaction that is a commercial 
real estate transaction requires an appraisal 
prepared by a State licensed or certified ap-
praiser.’’. 
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Union Calendar No. 731 
115TH CONGRESS 
2D SESSION 
H. R. 6347 
[Report No. 115–940] 
A BILL 
To adjust the real estate appraisal thresholds under 
the 7(a) program to bring them into line with the 
thresholds used by the Federal banking regu-
lators, and for other purposes. 
SEPTEMBER 12, 2018 
Committed to the Committee of the Whole House on the 
State of the Union and ordered to be printed 
VerDate Sep 11 2014 
02:27 Sep 13, 2018
Jkt 079200
PO 00000
Frm 00006
Fmt 6651
Sfmt 6651
E:\BILLS\H6347.RH
H6347
pamtmann on DSKBFK8HB2PROD with BILLS