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 summary

This 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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