CONGRESS FOR VOTERS

RepublicanBill · H.J.Res. 47· House(119-HJRES-47)

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

Rep. Clyde
Age: 63 years
Georgia
Introduced
2/12/2025
Last activity
2/12/2025 — Referred to the House Committee on Financial Services.
Sponsored by
Andrew Clyde
Cosponsors
None
Finance and Financial Sector
  1. Introduced
  2. In Committee

What this bill would do

This joint resolution seeks to overturn a specific rule issued by the Office of the Comptroller of the Currency. The rule in question relates to "Quality Control Standards for Automated Valuation Models." If passed, this resolution would ensure that the rule has no force or effect. It is intended to provide for congressional disapproval under chapter 8 of title 5, United States Code.

Yes

No question was scored yes.

The opposite· 3 of 4

  • Does this give people more protection from unfair business practices?-3

    Overturning the quality control standards for automated valuation models reduces protections against inaccurate property valuations.

  • Would households on low incomes be better off under this?-2

    The removal of valuation standards could lead to less predictable property valuations which impact home equity and lending.

  • Would middle-income households be better off under this?-2

    Weakening quality control on property valuations can negatively impact the reliability of home equity for middle-income homeowners.