ASA’s Government Relations team works on behalf of ASA’s members and for the benefit of the appraisal profession as a whole - on Capitol Hill and before numerous federal agencies on legislation and regulations that could impact professional appraisers.
Given ASA’s multidisciplinary makeup, the Government Relations team has worked on a wide range of issues. A small cross-section includes:
- The modernization of real property appraisal regulation under Title XI of FIRREA, as part of Title XIV of the Dodd-Frank Act;
- The protection of appraiser due process as a part of Internal Revenue Service proceedings under IRC Section 6695A’s valuation misstatement provisions;
- Pushing back against efforts to treat appraisers as fiduciaries when performing employee stock ownership plan (ESOP) related valuations; and
- Working to strengthen and improve appraisal provisions regarding SBA going concern valuations.