HJRES 48 · in committee · significant
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Board of Governors of the Federal Reserve System relating to "Quality Control Standards for Automated Valuation Models".
- housing
What this bill does
- This resolution cancels a federal rule requiring quality control standards for automated valuation models used in mortgage lending.
- Mortgage lenders, banks, and other financial institutions that use automated property valuation tools are affected.
- The rule, issued by six federal agencies in August 2024, is nullified immediately upon passage.
Generated by claude-haiku-4-5
Community Threads
Started by Cosponsor
- 01
What quality control safeguards would lenders rely on if this rule eliminating automated valuation model standards is repealed?
- 02
How might removing federal oversight of property valuation tools affect mortgage accuracy and borrowing costs for homebuyers?
- 03
Which stakeholders—lenders, borrowers, or regulators—bear the greatest risk if automated valuation models lack federal quality standards?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.

Sponsor · R-GA-9
Andrew S. Clyde
Citizen cosponsors
0
In Congress
0/ 435
House Reps cosponsoring
Introduced 2025-02-12
Legislative timeline
2025-02-12 · house · IntroReferral
Referred to the House Committee on Financial Services.
2025-02-12 · IntroReferral
Introduced in House
2025-02-12 · IntroReferral
Introduced in House
Citizen comments
Sign in to comment on this bill.
No comments yet — be the first.