Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency relating to "Quality Control Standards for Automated Valuation Models".

This resolution would cancel a rule put out by several federal banking and financial agencies in August 2024. That rule required companies that make or sell mortgages to follow certain quality standards when using computer programs to estimate how much a property is worth. If this resolution passes, those quality control requirements would no longer be in effect.

Your Vote