John D. Russell, JD is Senior Director of Government Relations and Business Development for the American Society of Appraisers. John joined ASA in October 2009 and has developed the organization’s internal government relations department. During this time, he has worked on issues affecting all its multidisciplinary members, including:
- Modernization of Title XI of FIRREA, included in Title XIV of the Dodd-Frank Wall Street Reform Act of 2010, and its subsequent implementing regulations;
- Defeating the IRS’s proposal reinstituting “family attribution” for family-controlled businesses in estate and gift tax situations;
- Overcoming proposed “appraiser-as-fiduciary” regulations for ESOP valuations at the Department of Labor, avoiding inescapable conflicts of interest;
- Obtaining clarity regarding the role and liability of appraisers when dealing with items containing ivory under Fish and Wildlife Service regulations; and,
- Successfully pushing for the re-engineering of IRS Letter 4477 to improve due process protections for appraisers facing allegations of valuation misstatements under IRC 6695A.
John also serves as ASA’s representative to the Appraisal Foundation Advisory Council (TAFAC) and was elected to represent TAFAC on the Board of Trustees of the Appraisal Foundation. He has a Juris Doctor from the Syracuse University College of Law, and a Bachelor of Arts in Broadcasting and Mass Communications from the State University of New York at Oswego. He lives in Potomac, Maryland with his wife and two children.