HJRES 52
Model: gemini-2.5-flash
This joint resolution proposes to block a new rule from the Federal Housing Finance Agency (FHFA) that sets quality control standards for Automated Valuation Models (AVMs). If passed, it would prevent the implementation of these federal standards designed to ensure the accuracy and reliability of automated property appraisals.
This resolution aims to nullify a Federal Housing Finance Agency rule establishing quality control standards for automated valuation models used in real estate.
It impacts homeowners, potential homebuyers, mortgage lenders, and the broader real estate market by influencing how property values are assessed.
Voters should care because it affects the reliability and fairness of property valuations, which can influence mortgage lending, housing affordability, and the stability of the housing market.
Primary sponsor
Andrew S. Clyde
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SJRES 15
A joint resolution disapproving the rule submitted by the Financial Crimes Enforcement Network relating to "Anti-Money Laundering Regulations for Residential Real Estate Transfers".
Federal • senate • committee
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".
Federal • house • committee
HJRES 47
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency relating to "Quality Control Standards for Automated Valuation Models".
Federal • house • committee
SJRES 18
A joint resolution disapproving the rule submitted by the Bureau of Consumer Financial Protection relating to "Overdraft Lending: Very Large Financial Institutions".
Federal • senate • enacted