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House joint resolution · H.J.Res. 48 (119th Congress)

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…

U.S. House of Representatives

Latest action Feb 12, 2025

Sponsor: Andrew S. Clyde (U.S. Representative, GA-9, Republican)

Official titleShow

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".

The heading above is this same sentence with its legal opening removed. No words were added, changed or reordered.

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From Congress.gov and official rosters. This record was last updated Aug 1, 2026. About our data

Summary

This joint resolution nullifies the final rule issued by the Office of the Comptroller of the Currency, the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Consumer Financial Protection Bureau, and the Federal Housing Finance Agency titled Quality Control Standards for Automated Valuation Models and published on August 7, 2024. The rule requires the implementation of quality control standards for automated valuation models used by mortgage originators and secondary market issuers when determining the value of real estate securing a mortgage.

Summary from the Congressional Research Service. How we handle summaries

Where it stands

Assigned to a committee for review.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

House Committee on Financial Services · U.S. House of Representatives

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Full history

  1. Feb 12, 2025

    Introduced

    Introduced in House

    U.S. House of Representatives

  2. Feb 12, 2025

    Introduced

    Introduced in U.S. House

    U.S. House

  3. Feb 12, 2025

    Referred to committee

    Referred to the House Committee on Financial Services.

    U.S. House of Representatives

Read the record