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US HJR49
Joint Resolution
Status
2/12/2025
Primary Sponsor
Andrew Clyde
Click for details
AI Summary
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Congress disapproves the FDIC rule on "Quality Control Standards for Automated Valuation Models" published in the Federal Register on August 7, 2024 (89 Fed. Reg. 64538)
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The resolution uses the Congressional Review Act (chapter 8 of title 5, U.S. Code) to nullify the federal regulation
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If enacted, the FDIC rule would have no force or effect
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Introduced by Rep. Clyde on February 12, 2025 and referred to the House Committee on Financial Services
Legislative Description
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Federal Deposit Insurance Corporation 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