CONGRESS FOR VOTERS

RepublicanBill · H.J.Res. 50· House(119-HJRES-50)

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the National Credit Union Administration 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 express congressional disapproval of a specific rule submitted by the National Credit Union Administration. The rule in question involves "Quality Control Standards for Automated Valuation Models." By passing this resolution, Congress would ensure that the rule has no force or effect. The resolution was submitted by Mr. Clyde and referred to the Committee on Financial Services.

Yes

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

    The nullification of these standards may reduce the regulatory burden and compliance costs for financial institutions.

The opposite· 3 of 4

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

    The resolution nullifies quality control standards for automated valuation models, which may reduce consumer protections regarding property valuations.

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

    Removing quality control standards for automated property valuations could negatively impact the accuracy of assessments for low-income homeowners.

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

    The removal of valuation quality standards could create uncertainty for middle-class property owners and lenders.