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".

House Votes

This measure would cancel a federal banking rule from the Office of the Comptroller of the Currency about “Quality Control Standards for Automated Valuation Models” (computer tools that estimate home values). If passed, the rule would be disapproved and would not take effect .

Key points:

• Who is affected: Banks and lenders that use automated home-value tools; people who get mortgages that may rely on these tools .
• What changes: The OCC’s rule setting quality-control standards for these tools would be blocked .
• When: The block would apply if and when this measure becomes law .