Report and study

(a) Report Not later than 180 days after the date of the enactment of this Act, the Secretary of Veterans Affairs shall submit to the Committee on Finance of the Senate and the Committee on Ways and Means of the House of Representatives a report that includes the following: (1) An estimation of— (A) the effects of section 3731A of title 38, United States Code, as added by section 2, on government expenditures over time; (B) the impact of such section on the number of appraisers who join the appraisal network of the Department of Veterans Affairs; (C) the impact of such section on completion times for appraisals in high-demand counties; and (D) the impact of such section on the use of housing loans guaranteed, insured, or made under chapter 37 of title 38, United States Code. (2) Recommendations to prevent fraud, waste, and abuse in the implementation of such section. (b) Study Not later than 180 days after the date of the enactment of this Act, the Secretary of Veterans Affairs shall— (1) conduct on a study on the feasibility and advisability of— (A) procuring contracts for home appraisers in areas where supply cannot meet demand; and (B) restructuring the appraisal process of the Department of Veterans Affairs to more closely mirror the appraisal process for loans insured by the Federal Housing Administration; and (2) submit to Congress, and make publicly available, a report on the results of such study.