CONGRESS FOR VOTERS

RepublicanBill · H.J.Res. 49· House(119-HJRES-49)

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Federal Deposit Insurance Corporation 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 aims to overturn a specific rule set by the Federal Deposit Insurance Corporation. The rule in question pertains to "Quality Control Standards for Automated Valuation Models." If passed, this resolution would provide for congressional disapproval under chapter 8 of title 5, United States Code. Consequently, the rule would have no force or effect.

Yes

  • Would business owners be better off under this?+2

    The removal of these standards may reduce compliance or administrative burdens for businesses relying on automated valuation tools.

  • Does this leave more decisions to the states?+2

    The resolution reduces the regulatory reach of a federal agency, thereby limiting federal administrative oversight.

The opposite

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

    By overturning quality control standards for automated valuation models, the bill removes oversight meant to ensure the accuracy of property valuations used in consumer financial transactions.