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US HJR47
Joint Resolution
Status
Introduced
2/12/2025
Primary Sponsor
Andrew Clyde
Click for details
AI Summary
- Congressional disapproval resolution under the Congressional Review Act (5 U.S.C. Chapter 8) targeting an Office of the Comptroller of the Currency (OCC) rule
- Nullifies the "Quality Control Standards for Automated Valuation Models" rule published in the Federal Register on August 7, 2024 (89 Fed. Reg. 64538)
- If enacted, the OCC rule would have no force or effect
- Introduced by Rep. Clyde on February 12, 2025, and referred to the House Committee on Financial Services
- Automated Valuation Models are computer programs used to estimate property values for mortgage lending decisions
Legislative Description
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".
Finance and financial sector
Last Action
Referred to the House Committee on Financial Services.
2/12/2025
Committee Referrals
Financial Services2/12/2025
Full Bill Text
No bill text available