Summary

Disapproves and nullifies the Federal Housing Finance Agency rule titled “Quality Control Standards for Automated Valuation Models” (89 Fed. Reg. 64538, Aug. 7, 2024), declaring that rule has no force or effect. The measure contains no funding, reporting, or other operational instructions—its only action is to invalidate that specific FHFA rule.

• Nullifies FHFA's "Quality Control Standards for Automated Valuation Models" rule (89 Fed. Reg. 64538).
• Contains a single, direct action: the named rule "shall have no force or effect."
• Does not provide funding, implementation steps, deadlines, or reporting requirements.
• Directly affects FHFA-regulated valuation practice and parties that rely on AVMs in mortgage underwriting and oversight.
• Leaves FHFA and other regulators free to pursue other supervisory or guidance actions, but removes this specific regulatory standard.