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Directly disapproves and nullifies an FDIC regulation titled “Quality Control Standards for Automated Valuation Models” (89 Fed. Reg. 64538, Aug. 7, 2024). The resolution declares that the cited rule has no force or effect, removing the FDIC’s new binding quality-control standards for automated valuation models (AVMs).
Referred to the House Committee on Financial Services.
Introduced February 12, 2025 by Andrew S. Clyde · Last progress February 12, 2025