Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to "Quality Control Standards for Automated Valuation Models".
This joint resolution aims to invoke congressional disapproval, as authorized by chapter 8 of title 5, United States Code, concerning a specific regulatory action. The target of this disapproval is a rule submitted by the Bureau of Consumer Financial Protection , which outlines "Quality Control Standards for Automated Valuation Models" and was published in the Federal Register on August 7, 2024. Should this resolution be enacted, the identified rule would be rendered null and void. This action would prevent the implementation of the Bureau's standards for automated valuation models, effectively stopping the rule from taking legal 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 Bureau of Consumer Financial Protection relating to "Quality Control Standards for Automated Valuation Models".
USA119th CongressHJRES-51| House
| Updated: 2/12/2025
This joint resolution aims to invoke congressional disapproval, as authorized by chapter 8 of title 5, United States Code, concerning a specific regulatory action. The target of this disapproval is a rule submitted by the Bureau of Consumer Financial Protection , which outlines "Quality Control Standards for Automated Valuation Models" and was published in the Federal Register on August 7, 2024. Should this resolution be enacted, the identified rule would be rendered null and void. This action would prevent the implementation of the Bureau's standards for automated valuation models, effectively stopping the rule from taking legal effect.