CONGRESS FOR VOTERS

RepublicanBill · H.J.Res. 48· House(119-HJRES-48)

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".

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 is a joint resolution introduced in the House of Representatives. It aims to provide congressional disapproval of a specific rule submitted by the Board of Governors of the Federal Reserve System. The rule in question concerns "Quality Control Standards for Automated Valuation Models." If passed, the resolution would ensure that the rule has no force or effect.

Yes

No question was scored yes.

The opposite· 3 of 4

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

    The disapproval of quality control standards for automated valuation models may reduce protections against inaccurate property valuations for consumers.

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

    Removing quality control standards for property valuation models could lead to less reliable home equity assessments for low-income homeowners.

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

    The lack of standardized quality controls for automated valuations may negatively impact the accuracy of collateral assessments for middle-class homeowners.