Us Congress House Bill HJR52

Us Congress 2025-2026 Regular Session

• Introduced: 2/12/25
• Refer: 2/12/25

Caption

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Federal Housing Finance Agency relating to "Quality Control Standards for Automated Valuation Models".

Impact

If HJR52 is enacted, it would effectively revoke the FHFA's standards for AVMs. This could reshuffle the current oversight on housing valuations, potentially altering the landscape for real estate assessments and home financing. Agencies and stakeholders involved in the housing market must prepare for either continued adherence to the FHFA's standards or the implications of their removal, which could lead to inconsistencies in property valuation practices.

Summary

HJR52 is a joint resolution introduced in the House of Representatives aimed at disapproving a specific rule submitted by the Federal Housing Finance Agency (FHFA) concerning Quality Control Standards for Automated Valuation Models (AVMs). The resolution asserts that this rule, as published in the Federal Register, should have no force or effect. The primary goal of HJR52 is to nullify this rule and prevent its implementation, reflecting Congress's ongoing oversight role over federal agencies.

Contention

Debate surrounding HJR52 is likely to focus on regulatory authority and its implications for the housing market. Proponents may argue that the disapproval is necessary to protect real estate stakeholders from overly stringent federal requirements, while opponents may contend that such disapproval undermines necessary quality controls that ensure fairness and accuracy in property valuations. As the resolution moves through the legislative process, discussion will center on finding a balance between regulatory oversight and market flexibility.

Congress_id

119-HJRES-52

Policy_area

Housing and Community Development

Introduced_date

2025-02-12