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United States · Bill · S

S. 98 (108th)

Community Choice in Real Estate Act of 2003

referredUnited States· United States Congress· EN

Introduced

7 January 2003

Last action

7 January 2003 · Introduced

Status

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR 1/09/2003 S152)

Sponsors

Sen. Allard, Wayne [R-CO], Sen. Clinton, Hillary Rodham [D-NY], Sen. Shelby, Richard C. [R-AL], Sen. Feingold, Russell D. [D-WI], Sen. Burns, Conrad R. [R-MT], Sen. Sessions, Jeff [R-AL], Sen. Harkin, Tom [D-IA], Sen. Corzine, Jon S. [D-NJ], Sen. Bennett, Robert F. [R-UT], Sen. Gregg, Judd [R-NH], Sen. Hatch, Orrin G. [R-UT], Sen. Lieberman, Joseph I. [ID-CT], Sen. Voinovich, George V. [R-OH], Sen. Reid, Harry [D-NV], Sen. Ensign, John [R-NV], Sen. Boxer, Barbara [D-CA], Sen. Lautenberg, Frank R. [D-NJ], Sen. Stevens, Ted [R-AK], Sen. Bunning, Jim [R-KY], Sen. Landrieu, Mary L. [D-LA], Sen. Chambliss, Saxby [R-GA], Sen. Talent, Jim [R-MO], Sen. Pryor, Mark L. [D-AR], Sen. Durbin, Richard J. [D-IL], Sen. Daschle, Thomas A. [D-SD], Sen. Brownback, Sam [R-KS], Sen. Snowe, Olympia J. [R-ME], Sen. Bingaman, Jeff [D-NM]

Subjects

Discovery layer

Source updated

18 August 2025

Official sourceDownload fileView documentsShare

Summary

Community Choice in Real Estate Act of 2003 - 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 activities of a bank holding company (or any affiliate) that directly relate to managing any real property owned by national banks or their affiliates.

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

Timeline

  1. 7 January 2003

    Introduced

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR 1/09/2003 S152)

    Source: IntroReferral

  2. 7 January 2003

    Introduced

    Sponsor introductory remarks on measure. (CR 1/9/2003 S151-152)

    Source: IntroReferral

  3. 7 January 2003

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 7 January 2003

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  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 7 January 2003

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 7 January 2003

    Open at official source

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Sponsors

Related records

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Sources

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