Referred to the House Committee on Financial Services.
This joint resolution uses the Congressional Review Act to disapprove and nullify the Bureau of Consumer Financial Protection rule titled "Quality Control Standards for Automated Valuation Models" (89 Fed. Reg. 64538 (Aug. 7, 2024)).
Progressives emphasize consumer protection and anti-bias enforcement
Narrow procedural CRA measure is typically easier in the House, but still requires majority alignment and invites partisan debate.
This joint resolution uses the Congressional Review Act to disapprove and nullify the Bureau of Consumer Financial Protection rule titled "Quality Control Standards for Automated Valuation Models" (89 Fed.
Reg. 64538 (Aug. 7, 2024)).
If enacted, the rule would have no force or effect.
Procedurally simple and narrow, but outcome hinges on Senate concurrence and executive willingness to sign; overall low–moderate chance.
How solid the drafting looks.
Progressives emphasize consumer protection and anti-bias enforcement
These are examples from the analysis, not a ranked list of the most-affected groups.
Progressives emphasize consumer protection and anti-bias enforcement
Likely opposed: views the CFPB rule as a consumer-protection measure addressing bias and accuracy in automated valuation models (AVMs).
Sees congressional disapproval as weakening oversight of housing valuations and fair lending enforcement.
Mixed: sees a legitimate role for oversight of AVMs but views a CRA disapproval as a blunt instrument.
Prefers targeted fixes, cost-benefit clarity, or negotiated revisions instead of outright nullification.
Likely supportive: views disapproval as limiting federal overreach and reducing regulatory burdens on valuation providers and lenders.
Prefers lighter-touch rules or market-based solutions.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Procedurally simple and narrow, but outcome hinges on Senate concurrence and executive willingness to sign; overall low–moderate chance.
The bill has not accumulated any surfaced votes yet.
Progressives emphasize consumer protection and anti-bias enforcement
Procedurally simple and narrow, but outcome hinges on Senate concurrence and executive willingness to sign; overall low–moderate chance.
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