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

HJRES 49 is a procedural resolution seeking congressional disapproval of an FDIC rule that established "Quality Control Standards for Automated Valuation Models" (published August 7, 2024). It directly affects the FDIC and financial institutions using automated valuation models for mortgage lending by blocking the rule's implementation. The bill invokes Chapter 8 of Title 5, U.S. Code, to nullify the rule (89 Fed. Reg. 64538) without creating new policy. This resolution does not alter existing law but prevents the specific regulatory standards from taking effect.