HJRES 49 · 119th CongressIn Committeecongress.gov ↗
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Federal Deposit Insurance Corporation relating to "Quality Control Standards for Automated Valuation Models".
What this bill does
AI plain-language summaryThis resolution would cancel a rule put out by several federal financial agencies in August 2024. That rule required companies that create or sell mortgages to follow certain quality standards when using computer programs to estimate the value of homes. By canceling the rule, those quality standards would no longer be required.
Introduced
February 12, 2025
Policy Area
Finance and Financial Sector
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