H.J.Res. 51 has not moved since its introduction on Feb 12, 2025, with no cosponsors
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to "Quality Control Standards for Automated Valuation Models".
Written by the Congressional Research Service [2]. 87 words.
This joint resolution nullifies the final rule issued by the Office of the Comptroller of the Currency, the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Consumer Financial Protection Bureau, and the Federal Housing Finance Agency titled Quality Control Standards for Automated Valuation Models and published on August 7, 2024. The rule requires the implementation of quality control standards for automated valuation models used by mortgage originators and secondary market issuers when determining the value of real estate securing a mortgage.
- Committees
- House Financial Services Committee
- Policy area
- Finance and Financial Sector: 53 of 3,256 bills became law, 113th–118th (1.6%)
- Sponsor
- 2 of 58 bills enacted since 2013
- Text versions
- 1: introduced in house · 38 words
- Latest action
- Feb 12, 2025: Referred to the House Committee on Financial Services.
- Records
- Congress.gov · Bill text
The bill status record lists no related bills.