Loading chat...

US HJR51

Joint Resolution

Official Source

Status

Introduced

2/12/2025

Primary Sponsor

Andrew Clyde

Click for details

Origin

House of Representatives

119th Congress

AI Summary

  • Congressional disapproval resolution under the Congressional Review Act (5 U.S.C. Chapter 8) to nullify a Consumer Financial Protection Bureau rule
  • Targets the CFPB's "Quality Control Standards for Automated Valuation Models" rule published in the Federal Register on August 7, 2024 (89 Fed. Reg. 64538)
  • If enacted, the 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 in real estate transactions and mortgage lending

Legislative Description

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection 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