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

# Summary of HJRES 52 **What This Bill Would Do** This is a "disapproval resolution," which is a tool Congress can use to reject federal agency rules. If passed, it would block a rule created by the Federal Housing Finance Agency (FHFA) that sets quality control standards for Automated Valuation Models (AVMs)—computer systems used to estimate property values in mortgage transactions. The rule was designed to ensure these automated systems are accurate and reliable when lenders use them to determine home values. **Who It Affects** This would primarily impact mortgage lenders, banks, and the housing finance industry, which rely on AVMs to assess property values quickly and at scale. It could also affect homebuyers and borrowers if property valuations become less standardized or reliable.

The FHWA oversees Fannie Mae and Freddie Mac, the government-sponsored enterprises that purchase most mortgages in the U.S. **Current Status** The bill is currently in committee and has not yet been voted on by the full House. It was introduced by Representative Andrew Clyde (R-GA) in the 119th Congress. Without further action, it will not become law.