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Disapproves and nullifies the Office of the Comptroller of the Currency’s rule titled "Quality Control Standards for Automated Valuation Models" (89 Fed. Reg. 64538). The rule is declared to have no force or effect, removing it from being applied to banks, appraisal tools, and related market participants upon enactment.
Referred to the House Committee on Financial Services.
Introduced February 12, 2025 by Andrew S. Clyde · Last progress February 12, 2025