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 joint resolution seeks to invoke congressional authority under chapter 8 of title 5, United States Code , to disapprove a specific federal regulation. The resolution targets a rule submitted by the Office of the Comptroller of the Currency , which establishes "Quality Control Standards for Automated Valuation Models." Should this resolution be enacted, the identified rule, published in the Federal Register on August 7, 2024, would be rendered without any legal force or effect. This action would prevent the implementation of the OCC's proposed quality control standards for automated valuation models, impacting their use in financial assessments.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Introduced in House
Referred to the House Committee on Financial Services.
Finance and Financial Sector
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".
USA119th CongressHJRES-47| House
| Updated: 2/12/2025
This joint resolution seeks to invoke congressional authority under chapter 8 of title 5, United States Code , to disapprove a specific federal regulation. The resolution targets a rule submitted by the Office of the Comptroller of the Currency , which establishes "Quality Control Standards for Automated Valuation Models." Should this resolution be enacted, the identified rule, published in the Federal Register on August 7, 2024, would be rendered without any legal force or effect. This action would prevent the implementation of the OCC's proposed quality control standards for automated valuation models, impacting their use in financial assessments.