Nullifies the final rule issued by the Office of the Comptroller of the Currency, the Federal Reserve System, the Federal Deposit Insurance…
H.J.Res. 48119th Congress

Nullifies the final rule issued by the Office of the Comptroller of the Currency, the Federal Reserve System, the Federal Deposit Insurance…

Introduced in the HouseRep. Andrew Clyde (R-GA-9)1 section · 1 min read
Version: Introduced in House · Feb 12, 2025

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[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.J. Res. 48 Introduced in House (IH)]

119th CONGRESS 1st Session H. J. RES. 48

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Board of Governors of the Federal Reserve System relating to "Quality Control Standards for Automated Valuation Models".

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IN THE HOUSE OF REPRESENTATIVES

February 12, 2025

Mr. Clyde submitted the following joint resolution; which was referred to the Committee on Financial Services

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JOINT RESOLUTION

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Board of Governors of the Federal Reserve System relating to "Quality Control Standards for Automated Valuation Models".

Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That Congress disapproves the rule submitted by the Board of Governors of the Federal Reserve System relating to "Quality Control Standards for Automated Valuation Models" (89 Fed. Reg. 64538 (August 7, 2024)), and such rule shall have no force or effect.

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