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United States · Bill · S

S. 413 (110th)

Community Choice in Real Estate Act

referredUnited States· United States Congress· EN

Introduced

26 January 2007

Last action

26 January 2007 · Introduced

Status

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Sen. Clinton, Hillary Rodham [D-NY], Sen. Allard, Wayne [R-CO], Sen. Bingaman, Jeff [D-NM], Sen. Feingold, Russell D. [D-WI], Sen. Cantwell, Maria [D-WA], Sen. Brown, Sherrod [D-OH], Sen. Sanders, Bernard [I-VT], Sen. Ensign, John [R-NV], Sen. Harkin, Tom [D-IA], Sen. Lieberman, Joseph I. [ID-CT], Sen. Shelby, Richard C. [R-AL], Sen. Burr, Richard [R-NC], Sen. Snowe, Olympia J. [R-ME], Sen. Isakson, Johnny [R-GA], Sen. Lautenberg, Frank R. [D-NJ], Sen. Cardin, Benjamin L. [D-MD], Sen. Durbin, Richard J. [D-IL], Sen. Sessions, Jeff [R-AL], Sen. Boxer, Barbara [D-CA], Sen. Landrieu, Mary L. [D-LA], Sen. Chambliss, Saxby [R-GA], Sen. Murray, Patty [D-WA], Sen. Craig, Larry E. [R-ID]

Subjects

Discovery layer

Source updated

5 December 2025

Official sourceDownload fileView documentsShare

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. 26 January 2007

    Introduced

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

  2. 26 January 2007

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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Leesvertaling

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 26 January 2007

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 26 January 2007

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 26 January 2007

    Open at official source

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Sponsors

Related records

Sources

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