H.J.Res. 52 — 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".

H.J.Res. 52 — 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". | JustPolicyThe main purpose of this legislative text is to allow Congress to disapprove a specific rule established by the Federal Housing Finance Agency (FHFA). This rule pertains to the quality control standards for automated valuation models, which are tools used to estimate property values. The key provision of this resolution is the formal disapproval of the FHFA's rule regarding these quality control standards. By passing this resolution, Congress is stating that the rule, which was published in the Federal Register in August 2024, will not be enforced and will have no legal effect.