Referred to the House Committee on Financial Services.
This joint resolution invokes the Congressional Review Act to disapprove the Office of the Comptroller of the Currency rule titled “Quality Control Standards for Automated Valuation Models” (89 Fed. Reg. 64538).
Liberty vs. oversight: conservatives stress regulatory burden; liberals stress consumer protections.
Narrow deregulatory measure is procedurally simple; partisan split on regulation makes passage plausible but not assured.
This joint resolution invokes the Congressional Review Act to disapprove the Office of the Comptroller of the Currency rule titled “Quality Control Standards for Automated Valuation Models” (89 Fed.
Reg. 64538).
If enacted, the resolution would nullify that OCC rule and prevent it from taking effect.
Content is narrow and administratively simple, aiding House prospects, but Senate hurdles and political opposition reduce overall chances.
How solid the drafting looks.
Liberty vs. oversight: conservatives stress regulatory burden; liberals stress consumer protections.
These are examples from the analysis, not a ranked list of the most-affected groups.
Liberty vs. oversight: conservatives stress regulatory burden; liberals stress consumer protections.
Likely opposed.
Progressives would view the OCC rule as a consumer- and fairness-oriented safeguard for automated valuation models (AVMs).
Disapproving the rule removes a federal oversight tool meant to improve valuation accuracy and reduce bias.
Mixed/conditional.
Moderates will weigh consumer protection gains against compliance costs and implementation detail.
They would want clearer cost-benefit evidence and possible tailoring for smaller institutions.
Likely supportive.
Conservatives will view the resolution as a check on regulatory overreach that imposes costly mandates on banks and stifles fintech innovation.
The CRA approach is a conventional way to block rules deemed excessive.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Content is narrow and administratively simple, aiding House prospects, but Senate hurdles and political opposition reduce overall chances.
The bill has not accumulated any surfaced votes yet.
Liberty vs. oversight: conservatives stress regulatory burden; liberals stress consumer protections.
Content is narrow and administratively simple, aiding House prospects, but Senate hurdles and political opposition reduce overall chances.
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