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United States · Bill · HR

H.R. 111 (108th)

Community Choice in Real Estate Act

referredUnited States· United States Congress· EN

Introduced

7 January 2003

Last action

27 February 2003 · Referred

Status

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Sponsors

Rep. Calvert, Ken [R-CA-41], Rep. Kanjorski, Paul E. [D-PA-11], Rep. LaTourette, Steven C. [R-OH-14], Rep. Waters, Maxine [D-CA-43], Rep. Northup, Anne M. [R-KY-3], Rep. Sherman, Brad [D-CA-32], Rep. Lewis, Jerry [R-CA-41], Rep. Young, C. W. Bill [R-FL-13], Rep. Wamp, Zach [R-TN-3], Rep. Woolsey, Lynn C. [D-CA-6], Rep. Bono, Mary [R-CA-44], Rep. Cunningham, Randy (Duke) [R-CA-50], Rep. Foley, Mark [R-FL-16], Sen. Sanders, Bernard [I-VT], Rep. Murtha, John P. [D-PA-12], Rep. Conyers, John, Jr. [D-MI-13], Rep. Hinchey, Maurice D. [D-NY-22], Rep. Schakowsky, Janice D. [D-IL-9], Rep. Towns, Edolphus [D-NY-10], Rep. Farr, Sam [D-CA-20], Rep. Owens, Major R. [D-NY-11], Rep. Sandlin, Max [D-TX-1], Rep. Kaptur, Marcy [D-OH-9], Rep. Brady, Kevin [R-TX-8], Rep. Lee, Barbara [D-CA-12], Rep. Thompson, Mike [D-CA-4], Del. Norton, Eleanor Holmes [D-DC-At Large], Sen. Vitter, David [R-LA], Rep. Delahunt, William D. [D-MA-10], Rep. Miller, George [D-CA-11], Rep. Andrews, Robert E. [D-NJ-1], Rep. Lantos, Tom [D-CA-12], Rep. Doolittle, John T. [R-CA-4], Rep. Saxton, Jim [R-NJ-3], Rep. Nadler, Jerrold [D-NY-12], Rep. Matsui, Robert T. [D-CA-5], Rep. Israel, Steve [D-NY-3], Rep. Davis, Jo Ann [R-VA-1], Rep. Blumenauer, Earl [D-OR-3], Rep. Gordon, Bart [D-TN-6], Sen. Capito, Shelley Moore [R-WV], Rep. Herger, Wally [R-CA-2], Rep. Goodlatte, Bob [R-VA-6], Rep. Weiner, Anthony D. [D-NY-9], Rep. McHugh, John M. [R-NY-23], Rep. Wilson, Joe [R-SC-2], Rep. Holt, Rush [D-NJ-12], Rep. Larsen, Rick [D-WA-2]

Subjects

Discovery layer

Source updated

18 August 2025

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Summary

Community Choice in Real Estate Act - Amends the Bank Holding Company Act of 1956, and the Revised Statutes of the United States, to prohibit the Board of Governors of the Federal Reserve System and the Secretary of the Treasury, respectively, from determining that real estate brokerage activity or real estate management activity is financial in nature, is incidental to any financial activity, or is complementary to a financial activity. (In effect, prohibits financial holding companies and national banks from engaging, directly or indirectly, in real estate brokerage or real estate management activities.) Exempts from such prohibition: (1) activities of a bank holding company (or any affiliate) that directly relate to managing any real property owned by national banks or their affiliates; and (2) the right, power, or ability of any financial holding company to engage in any activity, or acquire or retain the shares of any company engaged in an activity authorized for financial holding companies on December 6, 2001 ("grandfather clause").

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 7 January 2003

    Introduced

    Introduced in House

    Source: IntroReferral

  2. 7 January 2003

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 7 January 2003

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  4. 27 February 2003

    Referred

    Referred to the Subcommittee on Financial Institutions and Consumer Credit.

    Source: Committee

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 7 January 2003

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  • Introduced in House (PDF)

    Introduced in House · EN · 7 January 2003

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  • Introduced in House

    summary · EN · 7 January 2003

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Sponsors

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Related records

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Sources

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