HJRES 50
Model: gemini-2.5-flash
This resolution aims to overturn a rule from the National Credit Union Administration (NCUA) that establishes quality control standards for automated valuation models (AVMs). If enacted, it would prevent the NCUA's specific regulations for AVMs, which are used in property appraisals, from taking effect.
It seeks to block a federal agency rule that sets quality control standards for automated property valuation models used by credit unions.
It impacts credit unions, financial institutions, and potentially consumers involved in real estate transactions, as well as the real estate appraisal industry.
Voters should care as it influences how property values are assessed for loans, potentially affecting lending practices, housing market stability, and consumer protections in real estate.
Primary sponsor
Andrew S. Clyde
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Next: the committee votes on whether it moves forward.
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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 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
HJRES 52
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".
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