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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
Andrew S. Clyde

Andrew S. Clyde

Republican Representative

Georgia

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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
Feb 12, 2025
Introduced in House
Feb 12, 2025
Referred to the House Committee on Financial Services.
  • February 12, 2025
    Introduced in House


  • February 12, 2025
    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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 12, 2025
Introduced in House
Feb 12, 2025
Referred to the House Committee on Financial Services.
  • February 12, 2025
    Introduced in House


  • February 12, 2025
    Referred to the House Committee on Financial Services.
Andrew S. Clyde

Andrew S. Clyde

Republican Representative

Georgia

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted