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

# Summary of HJRES 51 **What This Bill Does** This bill would reject a new rule created by the Consumer Financial Protection Bureau (CFPB) that sets quality control standards for automated valuation models—computer programs used to estimate property values. If passed, the rule would be disapproved and essentially canceled. This is a "disapproval resolution," a special congressional power that allows Congress to overturn regulations they disagree with. **Who It Affects** The rule primarily affects banks, mortgage lenders, and other financial institutions that use automated property valuation tools. It could also impact homebuyers and homeowners, since these valuations are used to determine mortgage amounts and terms.

The CFPB created the rule to protect consumers from inaccurate property appraisals. **Current Status** The bill is currently in committee, meaning it has been introduced but not yet voted on by the full House. It was sponsored by Rep. Andrew Clyde (R-GA), suggesting some Republicans have concerns about the CFPB's new standards, though the bill's specific objections to the rule are not detailed in the available information.