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Rejection of Automated Property Valuation Standards

The U.S. Congress rejects new rules for automated property valuations that aimed to introduce quality standards. This means that previous regulations for computer-based property valuations remain in effect, which may impact home buying and selling processes.
Key points
Congress disapproves new quality standards for automated property valuation models.
The proposed rules for automated property valuations will not take effect.
The absence of new regulations may mean a continuation of existing practices in computer-based property valuation.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HJRES_48
Sponsor: Rep. Clyde, Andrew S. [R-GA-9]
Process start date: 2025-02-12
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

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".

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HJRES_48.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-02-12.

What are the main provisions?

Key points include:

  • Congress disapproves new quality standards for automated property valuation models.
  • The proposed rules for automated property valuations will not take effect.
  • The absence of new regulations may mean a continuation of existing practices in computer-based property valuation.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Clyde, Andrew S. [R-GA-9].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-21.

CATEGORIES

Real Estate Economy