Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the National Credit Union Administration relating to "Quality Control Standards for Automated Valuation Models".
This joint resolution seeks to formally disapprove a specific rule that was submitted by the National Credit Union Administration (NCUA). The resolution leverages congressional authority under chapter 8 of title 5, United States Code, to overturn an administrative agency's regulation. The rule targeted for disapproval is titled "Quality Control Standards for Automated Valuation Models," which was published in the Federal Register on August 7, 2024. Should this resolution be enacted into law, the NCUA's rule would be stripped of all legal standing and would therefore have no force or effect.
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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 National Credit Union Administration relating to "Quality Control Standards for Automated Valuation Models".
USA119th CongressHJRES-50| House
| Updated: 2/12/2025
This joint resolution seeks to formally disapprove a specific rule that was submitted by the National Credit Union Administration (NCUA). The resolution leverages congressional authority under chapter 8 of title 5, United States Code, to overturn an administrative agency's regulation. The rule targeted for disapproval is titled "Quality Control Standards for Automated Valuation Models," which was published in the Federal Register on August 7, 2024. Should this resolution be enacted into law, the NCUA's rule would be stripped of all legal standing and would therefore have no force or effect.