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

HJRES 47 is a congressional disapproval resolution targeting a rule issued by the Office of the Comptroller of the Currency (OCC). It seeks to block the OCC's "Quality Control Standards for Automated Valuation Models" rule (published in the Federal Register on August 7, 2024), which would have set requirements for accuracy and oversight of automated home valuation tools used by banks. If passed, this resolution would nullify the rule, preventing it from taking effect under the procedures outlined in Chapter 8 of Title 5 of the U.S. Code. The bill directly affects the OCC's regulatory authority over financial institutions' use of automated valuation models.