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H.R. 6347 · 115th Congress · 2017–2018

7(a) Real Estate Appraisal Harmonization Act

H.R. 6347 in the 115th Congress (2017–2018) became law — introduced on Jul 12, 2018, sponsored by Dwight Evans with 1 co-sponsors.

During the 115th Congress (2017–2018), Donald Trump was president, and Republicans held majorities in both the House and Senate.

Status
Became law
Introduced
Jul 12, 2018
Co-sponsors
1
Policy area
Finance and Financial Sector
Public law
Public Law 115-370

What it does

7(a) Real Estate Appraisal Harmonization Act (Sec. 2) 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.)

Summary by the nonpartisan Congressional Research Service.

Sponsor

Dwight Evans (D-PA). Co-sponsors: 1 Republican.

Where it stands

  • IntroducedJul 12, 2018
  • Passed the HouseSep 25, 2018
  • Passed the SenateDec 19, 2018
  • Sent to the PresidentDec 21, 2018
  • Became lawDec 21, 2018

Latest action: Became Public Law No: 115-370. (Dec 21, 2018)

Other Finance and Financial Sector bills in the 115th Congress

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From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.

Cite or embed this page

Capitol Receipts, “H.R. 6347 (115th Congress): 7(a) Real Estate Appraisal Harmonization…,” https://www.capitolreceipts.com/bill/115-hr-6347/7-a-real-estate-appraisal-harmonization-act (accessed 2026-10-16).

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