1. SUMMARY (3-4 sentences):
This bill, titled the "Accelerating Appraisals and Conservation Efforts Act" or "AACE Act," establishes a policy for the U.S. Department of the Interior regarding the use of appraisers and valuation services for real property transactions under the Secretary's jurisdiction. The key provision allows the Secretary to utilize appraisers licensed in any state, rather than requiring them to be licensed in the specific state where the property is located. The act aims to provide greater flexibility and efficiency in obtaining appraisal services, while also mandating reporting requirements and ensuring adherence to relevant laws and regulations.