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

House Votes

This measure would overturn a Federal Reserve rule about “Quality Control Standards for Automated Valuation Models” (AVMs), which are computer tools used to estimate property values. In short, Congress is asked to disapprove that specific rule from the Federal Reserve Board .

• It does not include details in the text about the exact changes to standards, who exactly is covered, or dates. It only states that Congress would disapprove the Fed’s AVM rule .