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".

Bill 119 HJRes 52 is a piece of legislation that aims to provide congressional disapproval of a rule submitted by the Federal Housing Finance Agency (FHFA) regarding "Quality Control Standards for Automated Valuation Models" (AVMs). The rule in question pertains to the standards that AVMs must meet in order to be used in the valuation of properties for mortgage purposes.

The bill seeks to invoke Chapter 8 of Title 5 of the United States Code, which allows Congress to review and potentially overturn regulations put forth by federal agencies. In this case, the FHFA's rule on AVM quality control standards is being called into question by lawmakers.

The purpose of the bill is to ensure that AVMs used in the valuation of properties for mortgage purposes meet high quality control standards in order to protect consumers and maintain the integrity of the mortgage lending process. By providing for congressional disapproval of the FHFA's rule, lawmakers are seeking to ensure that AVMs are accurate and reliable tools for property valuation. Overall, Bill 119 HJRes 52 is a measure aimed at upholding standards in the mortgage lending industry and ensuring that AVMs are held to high quality control standards. It reflects Congress's oversight role in reviewing and potentially overturning regulations put forth by federal agencies like the FHFA.