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US HJR50
Joint Resolution
Status
2/12/2025
Primary Sponsor
Andrew Clyde
Click for details
AI Summary
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Congressional disapproval resolution under the Congressional Review Act (5 U.S.C. Chapter 8) to nullify a National Credit Union Administration (NCUA) rule
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Targets the NCUA 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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If enacted, the rule would have no force or effect and the NCUA would be prohibited from issuing a substantially similar rule without subsequent congressional authorization
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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 National Credit Union Administration 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