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".

Summary

Disapproves and nullifies a Federal Reserve rule titled “Quality Control Standards for Automated Valuation Models” (89 Fed. Reg. 64538), so that the rule will have no force or effect. The measure removes the Board’s new binding quality-control requirements for automated valuation models (AVMs) used in real estate valuation and related supervisory guidance. The action immediately prevents the Federal Reserve’s AVM standards from being implemented, leaving existing practices and any prior guidance in place until a different standard or rule is put forward or adopted by regulators.

• Nullifies the Federal Reserve's "Quality Control Standards for Automated Valuation Models" (89 Fed. Reg. 64538).
• Prevents the new Fed AVM quality‑control requirements from taking effect or being enforced.
• Maintains the existing regulatory/practice environment for AVMs until a different standard is adopted.
• Affects institutions and vendors that develop, implement, or use AVMs for real‑estate valuations.
• Does not create an alternative regulatory framework — it only prevents the specified Fed rule from becoming law.
• May create short‑term regulatory uncertainty for banks and model vendors about future AVM oversight.
• Likely narrows the Federal Reserve’s immediate supervisory toolkit with respect to AVMs.
• Could influence mortgage lending, appraisal workflows, and vendor compliance planning.