Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Board of Governors of the Federal Reserve System relating to "Quality Control Standards for Automated Valuation Models".

# Summary of HJRES 48 **What the Bill Does:** This bill would reject a new Federal Reserve rule about quality control standards for automated valuation models (AVMs)—computer systems that estimate property values. If passed, it would overturn this regulation using the Congressional Review Act, a process that allows Congress to disapprove of federal agency rules. The bill does not replace the rule with an alternative; it simply eliminates it. **Who It Affects:** The rule primarily impacts banks, mortgage lenders, appraisers, and real estate professionals who use automated property valuation systems in lending decisions.

Homebuyers and borrowers could also be indirectly affected, depending on how lenders adapt to any change in valuation standards. The Federal Reserve created the rule to establish quality standards for these computer-generated valuations. **Current Status:** The bill was introduced by Representative Andrew Clyde (R-GA) in the 119th Congress and remains in committee, meaning it has not yet been debated or voted on by the full House of Representatives. No action has been taken as of now.