1. Short title This Act may be cited as the Accelerating Appraisals and Conservation Efforts Act or the AACE Act . 2. Definitions In this Act: (1) Covered appraiser The term covered appraiser means a State-licensed or -certified real property appraiser. (2) Department The term Department means the Department of the Interior. (3) Reporting period The term reporting period means the 1-year period ending on the date on which the applicable report is submitted under section 3(c). (4) Secretary The term Secretary means the Secretary of the Interior. (5) State The term State means each of the several States, the District of Columbia, and each territory and possession of the United States. 3. Appraisal and valuation services for real property (a) License, certification requirement A covered appraiser shall be required to be licensed or certified in only 1 State to perform appraisal or valuation services for real property in any State for a transaction over which the Secretary has jurisdiction. (b) Use of non-Federal covered appraisers If the Secretary uses a non-Federal covered appraiser to perform appraisal or valuation services for real property for a transaction described in subsection (a), the Secretary— (1) shall, to the maximum extent practicable, use a non-Federal covered appraiser who is a certified general real property appraiser licensed in a State in which the real property that is the subject of the transaction is located; and (2) may only use a non-Federal covered appraiser who is a certified general real property appraiser licensed in a State other than the State in which the real property that is the subject of the transaction is located if a non-Federal covered appraiser described in paragraph (1), as determined by the Secretary— (A) is unavailable; (B) is not qualified for the assignment