This joint resolution proposes to nullify a specific regulation issued by the Board of Governors of the Federal Reserve System . The targeted rule, titled "Quality Control Standards for Automated Valuation Models," was submitted by the Federal Reserve and published in the Federal Register on August 7, 2024. By invoking the authority granted under the Congressional Review Act , this resolution aims to prevent the implementation of these standards. If passed by Congress and signed into law, the Federal Reserve's rule would be deemed to have no force or effect , thereby blocking its enforcement.