Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency relating to "Quality Control Standards for Automated Valuation Models".

# Summary of HJRES 47 **What This Bill Does:** This bill would reject a new rule created by the Office of the Comptroller of the Currency (OCC)—a federal banking agency—regarding quality control standards for automated valuation models (AVMs). AVMs are computer systems that estimate property values, commonly used in mortgage lending and appraisals. If passed, the bill would block the OCC's rule from taking effect, using a congressional procedure called "disapproval" that allows Congress to overturn agency regulations. **Who It Affects:** This bill would primarily impact banks and lenders that use automated systems to value properties for mortgages and other loans.

It could also indirectly affect borrowers and the mortgage industry. The bill does not appear to have detailed information about specific concerns with the rule or its requirements. **Current Status:** HJRES 47 was introduced by Representative Andrew Clyde (R-GA) in the 119th Congress and is currently in committee, meaning it has not yet been debated or voted on by the full House of Representatives. No specific details about the OCC rule's contents or the bill's rationale were provided in the available information.