Referred to the House Committee on Financial Services.
This resolution uses the Congressional Review Act to try to overturn a recent federal agency rule. If both chambers pass the joint resolution and the President signs it (or Congress overrides a veto), the targeted rule is nullified and cannot take effect. The CRA also stops the agency from issuing a new rule that is substantially the same without new legislation. The resolution specifically targets the NCUA rule on automated valuation model quality control standards.
The rule titled "Quality Control Standards for Automated Valuation Models" (89 Fed. Reg. 64538, Aug. 7, 2024).
National Credit Union Administration (NCUA)
Under the CRA, the Senate considers disapproval resolutions under expedited procedures that prevent a filibuster and require only a simple majority to pass; if both chambers approve, the joint resolution is sent to the President for signature or veto. This is a congressional disapproval action aimed specifically at a recently submitted agency rule.
This joint resolution uses the Congressional Review Act to disapprove and nullify a National Credit Union Administration rule titled "Quality Control Standards for Automated Valuation Models" (89 Fed.
Reg. 64538, Aug. 7, 2024).
If enacted, the resolution would render that NCUA rule without force or effect.
Very narrow, low fiscal impact increases chances; procedural and partisan dynamics in the Senate and stakeholder opposition reduce odds.
Relative to its intended legislative type, this bill is a narrowly focused Congressional Review Act-style disapproval resolution that names and nullifies a single NCUA rule. The text is concise and accomplishes the essential legal act of disapproval by citation and declaration.
Progressives emphasize consumer protections and valuation accuracy risks.
These are examples from the analysis, not a ranked list of the most-affected groups.
Progressives emphasize consumer protections and valuation accuracy risks.
Likely opposes the resolution because it would overturn regulatory standards intended to govern automated valuation models (AVMs).
Concerns focus on consumer protection, appraisal accuracy, and potential disparate impacts on borrowers if oversight is weakened.
Mixed view: recognizes regulatory burden relief from nullifying the rule but worries about removing quality controls for AVMs.
Prefers data-driven, targeted fixes or a narrower rule rather than wholesale nullification.
Likely supports the resolution as a rollback of burdensome regulation.
Views nullification as protecting credit unions from unnecessary federal micromanagement and preserving market flexibility for valuation models.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Very narrow, low fiscal impact increases chances; procedural and partisan dynamics in the Senate and stakeholder opposition reduce odds.
The bill has not accumulated any surfaced votes yet.
Progressives emphasize consumer protections and valuation accuracy risks.
Very narrow, low fiscal impact increases chances; procedural and partisan dynamics in the Senate and stakeholder opposition reduce odds.
Relative to its intended legislative type, this bill is a narrowly focused Congressional Review Act-style disapproval resolution that names and nullifies a single NCUA rule. The text is concise and accomplishes the esse…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.