Referred to the House Committee on Financial Services.
This joint resolution uses the Congressional Review Act (chapter 8, title 5, U.S. Code) to disapprove and nullify the Federal Housing Finance Agency rule titled "Quality Control Standards for Automated Valuation Models" (89 Fed. Reg. 64538, Aug. 7, 2024).
Progressives emphasize consumer protections and anti-bias rules
Single-issue, procedurally simple in House; political alignment and member incentives determine outcome.
This joint resolution uses the Congressional Review Act (chapter 8, title 5, U.S. Code) to disapprove and nullify the Federal Housing Finance Agency rule titled "Quality Control Standards for Automated Valuation Models" (89 Fed.
Reg. 64538, Aug. 7, 2024).
If enacted, the rule would be without force or effect and Congress would bar reissuing a substantially similar rule under CRA provisions.
Narrow, low-cost repeal increases feasibility, but lack of compromise language and partisan tendencies lower the chance of bicameral approval.
How solid the drafting looks.
Progressives emphasize consumer protections and anti-bias rules
These are examples from the analysis, not a ranked list of the most-affected groups.
Progressives emphasize consumer protections and anti-bias rules
Likely opposes the resolution as removing necessary federal oversight of AVMs.
Views the FHFA rule as consumer protection, bias mitigation, and market-stability measures.
Sees nullification as rolling back safeguards for borrowers and fairness in housing finance.
Views the resolution with caution: supportive of oversight but concerned about regulatory cost, clarity, and technical feasibility.
Wants clearer cost-benefit analysis and targeted, proportionate standards rather than broad, prescriptive rules.
Likely supports the resolution as a check on regulatory overreach.
Views the FHFA rule as burdensome, costly, and likely to stifle AVM innovation and private-sector efficiency.
Prefers market-driven standards or lighter supervisory guidance.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Narrow, low-cost repeal increases feasibility, but lack of compromise language and partisan tendencies lower the chance of bicameral approval.
The bill has not accumulated any surfaced votes yet.
Progressives emphasize consumer protections and anti-bias rules
Narrow, low-cost repeal increases feasibility, but lack of compromise language and partisan tendencies lower the chance of bicameral approv…
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