A fuel vapor vent valve assembly is provided that may include a float valve and an isolation valve arranged in series with each other. Bypass openings in the valve assembly create multiple flow paths as the float valve and the isolation valve respond to changes in fuel tank pressure and fuel level. The control valve assembly may include a housing defining a chamber with a main opening configured to open the chamber to the tank, a vapor vent passage and a first bypass vent opening. A float in the chamber closes the vapor vent passage when fuel in the chamber is at or above a predetermined level. The first bypass vent opening vents the tank to the chamber even when the fuel covers the main opening. A feature on the float provides a metered opening of the vapor vent passage between closed and fully open based on float position.