This bill aims to make changes to the regulation and standards for appraisers and appraisal management companies. It proposes requirements for appraisers to be certified or licensed by the state in which the property is located, meet competency and education standards, and comply with verifiable education and competency requirements. Additionally, it suggests adjustments to annual registry fees for appraisal management companies, maintenance of a national registry for state credentialed trainee appraisers, and grants for workforce and training in the appraisal industry. Furthermore, it addresses the composition of the Appraisal Subcommittee.