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Bill > HJRes52
US HJRes52
US HJRes52Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Federal Housing Finance Agency relating to "Quality Control Standards for Automated Valuation Models".
summary
Introduced
02/12/2025
02/12/2025
In Committee
02/12/2025
02/12/2025
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Federal Housing Finance Agency relating to "Quality Control Standards for Automated Valuation Models".
AI Summary
This resolution is a congressional disapproval measure targeting a specific rule issued by the Federal Housing Finance Agency (FHFA) concerning Quality Control Standards for Automated Valuation Models (AVMs). The resolution, using the Congressional Review Act (Chapter 8 of Title 5, United States Code), seeks to nullify the FHFA's rule published in the Federal Register on August 7, 2024. By passing this resolution, Congress would effectively invalidate the rule, preventing it from having any legal force or effect. Automated Valuation Models are computer-driven systems used to estimate the value of real estate properties, and this rule appears to have established new quality control standards for such models. The resolution represents a legislative mechanism for Congress to review and potentially overturn federal agency regulations that it believes are inappropriate or overreaching.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to the House Committee on Financial Services. (on 02/12/2025)
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/119th-congress/house-joint-resolution/52/all-info |
| BillText | https://www.congress.gov/119/bills/hjres52/BILLS-119hjres52ih.pdf |
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