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Bill Details

HJRES.52 - 119th Congress

Track Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Federal Housing Finance Agency relating to "Quality Control Standards for Automated Valuation Models".? Stop tracking Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Federal Housing Finance Agency relating to "Quality Control Standards for Automated Valuation Models".?

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Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Federal Housing Finance Agency relating to "Quality Control Standards for Automated Valuation Models".

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Federal Housing Finance Agency relating to "Quality Control Standards for Automated Valuation Models".
Status
  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Law
Latest action
2025-02-12 - Referred to the House Committee on Financial Services.
Introduced Date
2025-02-12
Policy Area
Housing and Community Development
Committees
View committees (1)
Votes
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8
0

AI Summary This summary was generated by AI from the bill text. AI can get information wrong.

This resolution would stop a recent federal housing rule from taking effect. It says Congress does not approve of the Federal Housing Finance Agency’s rule on quality control standards for automated valuation models, which are computer-based tools used to estimate home values. If this resolution passes, that rule would have no legal effect.

  • The rule being blocked was issued by the Federal Housing Finance Agency.
  • The rule deals with standards for automated valuation models used in housing and mortgage-related decisions.
  • Under this resolution, the rule would be canceled and could not be enforced.

Official Summaries

No summaries available

Current Full Text

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.J. Res. 52 Introduced in House (IH)]

<DOC>






119th CONGRESS
  1st Session
H. J. RES. 52

  Providing for congressional disapproval under chapter 8 of title 5, 
   United States Code, of the rule submitted by the Federal Housing 
 Finance Agency relating to ``Quality Control Standards for Automated 
                          Valuation Models''.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 12, 2025

Mr. Clyde submitted the following joint resolution; which was referred 
                 to the Committee on Financial Services

_______________________________________________________________________

                            JOINT RESOLUTION


 
  Providing for congressional disapproval under chapter 8 of title 5, 
   United States Code, of the rule submitted by the Federal Housing 
 Finance Agency relating to ``Quality Control Standards for Automated 
                          Valuation Models''.

    Resolved by the Senate and House of Representatives of the United 
States of America in Congress assembled, That Congress disapproves the 
rule submitted by the Federal Housing Finance Agency relating to 
``Quality Control Standards for Automated Valuation Models'' (89 Fed. 
Reg. 64538 (August 7, 2024)), and such rule shall have no force or 
effect.
                                 <all>

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