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".

HJRES 48 is a congressional resolution seeking to block a Federal Reserve rule on "Quality Control Standards for Automated Valuation Models" (AVMs), which are used in mortgage lending. It would nullify the rule (published in the Federal Register on August 7, 2024) by invoking a disapproval process under federal law. This action directly affects the Federal Reserve System’s authority to regulate AVMs used by lenders, preventing the rule from taking effect. The resolution does not change mortgage practices but stops the specific regulatory standard from being implemented.