H.J.Res. 47 — 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".

H.J.Res. 47 — 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". | JustPolicyThe main purpose of this legislative text is to allow Congress to formally disapprove a specific rule that was established by the Office of the Comptroller of the Currency. This rule pertains to the quality control standards for automated valuation models, which are tools used to estimate property values, often in the context of real estate and lending. The key provision of this resolution is a straightforward disapproval of the aforementioned rule. By passing this resolution, Congress is stating that the rule will not be enforced and will have no legal effect.