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Disapproval of Quality Standards for Automated Property Valuations

The U.S. Congress has rejected new rules concerning automated property valuations. This means that the previously proposed quality standards for these valuations will not take effect, potentially impacting home buying and selling processes and how banks assess property values.
Key points
Congress disapproved new quality standards for automated property valuation models.
The proposed rules for automated valuation models will not be implemented.
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Status: Introduced
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Additional Information
Print number: 119_HJRES_52
Sponsor: Rep. Clyde, Andrew S. [R-GA-9]
Process start date: 2025-02-12