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United States · Bill · S

S. 98 (109th)

Community Choice in Real Estate Act

referredUnited States· United States Congress· EN

Introduced

24 January 2005

Last action

24 January 2005 · Introduced

Status

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

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. Isakson, Johnny [R-GA], Sen. Lautenberg, Frank R. [D-NJ], Sen. Burr, Richard [R-NC], Sen. Corzine, Jon S. [D-NJ], Sen. Durbin, Richard J. [D-IL], Sen. Bingaman, Jeff [D-NM], Sen. Ensign, John [R-NV], Sen. Boxer, Barbara [D-CA], Sen. Talent, Jim [R-MO], Sen. Lieberman, Joseph I. [ID-CT], Sen. Landrieu, Mary L. [D-LA], Sen. Chambliss, Saxby [R-GA], Sen. Brownback, Sam [R-KS], Sen. Stabenow, Debbie [D-MI], Sen. Harkin, Tom [D-IA], Sen. Snowe, Olympia J. [R-ME], Sen. Bunning, Jim [R-KY], Sen. Hatch, Orrin G. [R-UT], Sen. Cantwell, Maria [D-WA], Sen. Sessions, Jeff [R-AL], Sen. Obama, Barack [D-IL], Sen. Voinovich, George V. [R-OH], Sen. Chafee, Lincoln [R-RI]

Subjects

Discovery layer

Source updated

15 August 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 activities of a bank holding company (or any affiliate) that directly relate to managing any real property owned by national banks or their affiliates. States that activities that were authorized for financial holding companies and national banks on December 6, 2001, are not affected by the prohibitions of this Act.

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

Timeline

  1. 24 January 2005

    Introduced

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

    Source: IntroReferral

  2. 24 January 2005

    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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  • Introduced in Senate (text)

    Introduced in Senate · EN · 24 January 2005

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 24 January 2005

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 24 January 2005

    Open at official source

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Sponsors

Related records

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Sources

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