HR 111 · 109th Congress 2005–2007, ended

Community Choice in Real Estate Act

Latest action · Feb 22, 2005 Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedJan 4, 2005
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

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").

Cosponsors 259

Members who signed on, in the order they did. Signatures ran from Jan 4, 2005 to Sep 20, 2006; 104 are original cosponsors, there from the day it was introduced.

SeatCosponsorSigned on
D-CAAdam B. SchiffOriginalJan 4, 2005
D-CAAnna G. EshooOriginalJan 4, 2005
R-KYAnne M. NorthupOriginalJan 4, 2005
D-NYAnthony D. WeinerOriginalJan 4, 2005
D-CABarbara LeeOriginalJan 4, 2005
D-TNBart GordonOriginalJan 4, 2005
D-KYBen ChandlerOriginalJan 4, 2005
I-VTBernard SandersOriginalJan 4, 2005
D-CABrad ShermanOriginalJan 4, 2005
R-IDC. L. (Butch) OtterOriginalJan 4, 2005
D-MICarolyn C. KilpatrickOriginalJan 4, 2005
D-MDChris Van HollenOriginalJan 4, 2005
R-NJChristopher H. SmithOriginalJan 4, 2005
D-ILDanny K. DavisOriginalJan 4, 2005
D-ORDarlene HooleyOriginalJan 4, 2005
R-OHDavid L. HobsonOriginalJan 4, 2005
D-CADennis A. CardozaOriginalJan 4, 2005
D-CODiana DeGetteOriginalJan 4, 2005
D-NJDonald M. PayneOriginalJan 4, 2005
D-OREarl BlumenauerOriginalJan 4, 2005
D-HIEd CaseOriginalJan 4, 2005
R-KYEd WhitfieldOriginalJan 4, 2005
D-TXEddie Bernice JohnsonOriginalJan 4, 2005
D-NYEdolphus TownsOriginalJan 4, 2005
D-NYEliot L. EngelOriginalJan 4, 2005
R-CAElton GalleglyOriginalJan 4, 2005
D-NJFrank Pallone, Jr.OriginalJan 4, 2005
R-VAFrank R. WolfOriginalJan 4, 2005
D-TXGene GreenOriginalJan 4, 2005
D-CAGeorge MillerOriginalJan 4, 2005
R-CAGeorge RadanovichOriginalJan 4, 2005
D-CAGrace F. NapolitanoOriginalJan 4, 2005
D-NYGregory W. MeeksOriginalJan 4, 2005
D-TNHarold E. Ford Jr.OriginalJan 4, 2005
D-CAHenry A. WaxmanOriginalJan 4, 2005
D-CAHilda L. SolisOriginalJan 4, 2005
D-CAHoward L. BermanOriginalJan 4, 2005
D-VAJames P. MoranOriginalJan 4, 2005
D-RIJames R. LangevinOriginalJan 4, 2005
R-NYJames T. WalshOriginalJan 4, 2005
D-ILJanice D. SchakowskyOriginalJan 4, 2005
D-ILJerry F. CostelloOriginalJan 4, 2005
R-CAJerry LewisOriginalJan 4, 2005
D-FLJim DavisOriginalJan 4, 2005
D-GAJim MarshallOriginalJan 4, 2005
D-UTJim MathesonOriginalJan 4, 2005
R-NJJim SaxtonOriginalJan 4, 2005
D-CAJoe BacaOriginalJan 4, 2005
R-MIJoe KnollenbergOriginalJan 4, 2005
R-TXJohn Abney CulbersonOriginalJan 4, 2005
D-CTJohn B. LarsonOriginalJan 4, 2005
R-TNJohn J. Duncan, Jr.OriginalJan 4, 2005
R-NYJohn M. McHughOriginalJan 4, 2005
D-CAJuanita Millender-McDonaldOriginalJan 4, 2005
R-TXKevin BradyOriginalJan 4, 2005
D-ILLane EvansOriginalJan 4, 2005
D-TNLincoln DavisOriginalJan 4, 2005
D-CALinda T. SánchezOriginalJan 4, 2005
D-TXLloyd DoggettOriginalJan 4, 2005
D-CALoretta SanchezOriginalJan 4, 2005
D-NYLouise McIntosh SlaughterOriginalJan 4, 2005
D-CALynn C. WoolseyOriginalJan 4, 2005
D-GUMadeleine Z. BordalloOriginalJan 4, 2005
D-NYMajor R. OwensOriginalJan 4, 2005
D-OHMarcy KapturOriginalJan 4, 2005
R-FLMark FoleyOriginalJan 4, 2005
R-CAMary BonoOriginalJan 4, 2005
D-NYMaurice D. HincheyOriginalJan 4, 2005
D-CAMaxine WatersOriginalJan 4, 2005
D-MEMichael H. MichaudOriginalJan 4, 2005
D-NCMike McIntyreOriginalJan 4, 2005
R-ALMike RogersOriginalJan 4, 2005
D-CAMike ThompsonOriginalJan 4, 2005
D-HINeil AbercrombieOriginalJan 4, 2005
D-NYNita M. LoweyOriginalJan 4, 2005
D-WANorman D. DicksOriginalJan 4, 2005
D-PAPaul E. KanjorskiOriginalJan 4, 2005
D-ORPeter A. DeFazioOriginalJan 4, 2005
R-CARandy (Duke) CunninghamOriginalJan 4, 2005
D-AZRaúl M. GrijalvaOriginalJan 4, 2005
D-MARichard E. NealOriginalJan 4, 2005
R-CTRob SimmonsOriginalJan 4, 2005
D-ALRobert E. (Bud) Cramer Jr.OriginalJan 4, 2005
D-NJRobert E. AndrewsOriginalJan 4, 2005
D-FLRobert WexlerOriginalJan 4, 2005
R-NJRodney P. FrelinghuysenOriginalJan 4, 2005
R-MDRoscoe G. BartlettOriginalJan 4, 2005
D-TXRuben HinojosaOriginalJan 4, 2005
D-NJRush HoltOriginalJan 4, 2005
D-CASam FarrOriginalJan 4, 2005
D-MISander M. LevinOriginalJan 4, 2005
D-GASanford D. Bishop, Jr.OriginalJan 4, 2005
D-NYSteve IsraelOriginalJan 4, 2005
R-OHSteven C. LaTouretteOriginalJan 4, 2005
D-NJSteven R. RothmanOriginalJan 4, 2005
D-WITammy BaldwinOriginalJan 4, 2005
R-ALTerry EverettOriginalJan 4, 2005
R-MIThaddeus G. McCotterOriginalJan 4, 2005
D-METhomas H. AllenOriginalJan 4, 2005
D-PATim HoldenOriginalJan 4, 2005
D-CATom LantosOriginalJan 4, 2005
R-CAWally HergerOriginalJan 4, 2005
D-MOWm. Lacy ClayOriginalJan 4, 2005
R-TNZach WampOriginalJan 4, 2005
R-ORGreg WaldenJan 6, 2005
R-TXKay GrangerJan 6, 2005
R-OHRalph RegulaJan 6, 2005
D-NYTimothy H. BishopJan 6, 2005
D-CAZoe LofgrenJan 6, 2005
D-NJBill Pascrell, Jr.Feb 1, 2005
D-WABrian BairdFeb 1, 2005
R-INDan BurtonFeb 1, 2005
D-OHDennis J. KucinichFeb 1, 2005
D-DCEleanor Holmes NortonFeb 1, 2005
R-NJFrank A. LoBiondoFeb 1, 2005
R-CAHoward P. "Buck" McKeonFeb 1, 2005
R-FLJeff MillerFeb 1, 2005
R-ALJo BonnerFeb 1, 2005
R-TXJoe BartonFeb 1, 2005
D-MIJohn Conyers, Jr.Feb 1, 2005
D-ILLuis V. GutierrezFeb 1, 2005
R-GALynn A. WestmorelandFeb 1, 2005
R-INMark E. SouderFeb 1, 2005
D-CAMichael M. HondaFeb 1, 2005
R-OHMichael R. TurnerFeb 1, 2005
R-ILRay LaHoodFeb 1, 2005
D-WARick LarsenFeb 1, 2005
R-UTRob BishopFeb 1, 2005
D-SDStephanie Herseth SandlinFeb 1, 2005
D-NYBrian HigginsFeb 10, 2005
R-MTDenny RehbergFeb 10, 2005
R-CADevin NunesFeb 10, 2005
D-TNJim CooperFeb 10, 2005
D-COMark UdallFeb 10, 2005
D-NYMichael R. McNultyFeb 10, 2005
D-ILRahm EmanuelFeb 10, 2005
D-TXSolomon P. OrtizFeb 10, 2005
R-OHSteve ChabotFeb 10, 2005
R-PATodd Russell PlattsFeb 10, 2005
D-MIDale E. KildeeMar 1, 2005
R-ILHenry J. HydeMar 1, 2005
R-NYJohn R. "Randy" Kuhl Jr.Mar 1, 2005
D-NYJose E. SerranoMar 1, 2005
D-CALois CappsMar 1, 2005
R-KYRon LewisMar 1, 2005
D-CTRosa L. DeLauroMar 1, 2005
R-NYSherwood BoehlertMar 1, 2005
D-OHTim RyanMar 1, 2005
R-WYBarbara CubinMar 8, 2005
D-CABob FilnerMar 8, 2005
R-FLC. W. Bill YoungMar 8, 2005
R-UTChris CannonMar 8, 2005
R-KYGeoff DavisMar 8, 2005
D-CAJane HarmanMar 8, 2005
D-GAJohn BarrowMar 8, 2005
R-NYJohn E. SweeneyMar 8, 2005
D-ILMelissa L. BeanMar 8, 2005
R-TXMichael C. BurgessMar 8, 2005
R-TXMichael T. McCaulMar 8, 2005
R-AKDon YoungApr 5, 2005
R-CADuncan HunterApr 5, 2005
D-MOEmanuel CleaverApr 5, 2005
R-SCHenry E. Brown, Jr.Apr 5, 2005
R-NHJeb BradleyApr 5, 2005
R-ILJerry WellerApr 5, 2005
R-COJoel HefleyApr 5, 2005
D-MAJohn F. TierneyApr 5, 2005
D-TXSilvestre ReyesApr 5, 2005
D-ALArtur DavisApr 12, 2005
R-NCCharles H. TaylorApr 12, 2005
R-INChris ChocolaApr 12, 2005
D-GADavid ScottApr 12, 2005
R-SCJoe WilsonApr 12, 2005
R-WVShelley Moore CapitoApr 12, 2005
R-PACurt WeldonApr 14, 2005
D-ARMarion BerryApr 14, 2005
R-ALRobert B. AderholtApr 14, 2005
D-FLAlcee L. HastingsApr 20, 2005
D-CADoris O. MatsuiApr 20, 2005
D-MAEdward J. MarkeyApr 20, 2005
R-COMarilyn N. MusgraveApr 20, 2005
R-NMStevan PearceApr 20, 2005
R-LACharles W. Boustany, Jr.Apr 26, 2005
R-VAJo Ann DavisApr 26, 2005
R-ILMark KirkApr 26, 2005
R-COThomas G. TancredoApr 26, 2005
R-AZTrent FranksApr 26, 2005
R-NMHeather WilsonApr 27, 2005
D-CAJim CostaApr 27, 2005
D-MIJohn D. DingellMay 4, 2005
R-FLJohn L. MicaMay 4, 2005
R-TXPete SessionsMay 4, 2005
R-AZRick RenziMay 4, 2005
D-MDAlbert Russell WynnMay 11, 2005
R-CTChristopher ShaysMay 11, 2005
D-CADiane E. WatsonMay 11, 2005
D-VIDonna M. ChristensenMay 11, 2005
R-SCJ. Gresham BarrettMay 11, 2005
D-NYJerrold NadlerMay 11, 2005
D-TNJohn S. TannerMay 11, 2005
D-COJohn T. SalazarMay 11, 2005
D-FLKendrick B. MeekMay 11, 2005
D-CALucille Roybal-AllardMay 11, 2005
D-TXSheila Jackson LeeMay 11, 2005
D-NVShelley BerkleyMay 11, 2005
R-PABill ShusterMay 12, 2005
R-MICandice S. MillerMay 12, 2005
R-WACathy McMorris RodgersMay 12, 2005
R-FLCliff StearnsMay 12, 2005
D-GAJohn LewisMay 12, 2005
R-CAJohn T. DoolittleMay 12, 2005
D-TXAl GreenMay 17, 2005
D-ORDavid WuMay 17, 2005
R-TXKenny MarchantMay 17, 2005
R-WIThomas E. PetriMay 17, 2005
D-NCDavid E. PriceMay 18, 2005
D-CASusan A. DavisMay 18, 2005
D-MSBennie G. ThompsonMay 24, 2005
D-PAChaka FattahMay 24, 2005
R-FLE. Clay Shaw Jr.May 24, 2005
R-MIJohn J.H. "Joe" SchwarzMay 24, 2005
D-RIPatrick J. KennedyMay 26, 2005
D-MORuss CarnahanMay 26, 2005
R-VABob GoodlatteJun 7, 2005
R-CAGary G. MillerJun 7, 2005
D-OHSherrod BrownJun 7, 2005
D-OHStephanie Tubbs JonesJun 7, 2005
R-FLAnder CrenshawJun 8, 2005
D-FLCorrine BrownJun 8, 2005
D-CAEllen O. TauscherJun 8, 2005
D-WAAdam SmithJun 9, 2005
R-FLMichael BilirakisJun 9, 2005
R-TXTed PoeJun 9, 2005
D-TXChet EdwardsJun 13, 2005
D-GACynthia A. McKinneyJun 13, 2005
D-NDEarl PomeroyJun 13, 2005
D-ILJesse L. Jackson, Jr.Jun 13, 2005
D-ASEni F. H. FaleomavaegaJun 15, 2005
R-NVJon C. PorterJun 15, 2005
D-MAJohn W. OlverJun 16, 2005
D-MIBart StupakJun 21, 2005
D-MABill DelahuntJun 21, 2005
D-ILDaniel LipinskiJun 28, 2005
R-TXJohn R. CarterJun 28, 2005
D-PARobert A. BradyJun 28, 2005
R-MNGil GutknechtJun 30, 2005
D-PAAllyson Y. SchwartzSep 7, 2005
R-NCHoward CobleSep 13, 2005
R-CARichard W. PomboOct 6, 2005
D-LACharlie MelanconNov 15, 2005
R-LARodney AlexanderDec 6, 2005
D-MAMartin T. MeehanJan 31, 2006
D-MDBenjamin L. CardinFeb 8, 2006
R-IASteve KingMay 18, 2006
D-TXHenry CuellarJun 15, 2006
R-WADavid G. ReichertJun 19, 2006
R-CABrian P. BilbrayJul 26, 2006
R-TXRon PaulSep 7, 2006
D-WAJay InsleeSep 20, 2006

Withdrew 1 G. K. Butterfield D-NC Jan 26, 2005

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseFinancial Services Committee
Referred Jan 4, 2005
Consumer Protection and Financial Institutions Subcommittee
Referred Feb 22, 2005

Actions 3

Everything that happened, newest first.

  1. Feb 22, 2005Referred to the Subcommittee on Financial Institutions and Consumer Credit.
  2. Jan 4, 2005Introduced in House
  3. Jan 4, 2005Referred to the House Committee on Financial Services.

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Printed hearings 2

Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.

NumberHearingCommitteeHeld
Serial No. 109-266BANKS IN REAL ESTATE: A REVIEW OF THE OFFICE OF THE COMPTROLLER OF THE CURRENCY'S DECEMBER 2005 RULINGS84 pagesOversight and Government Reform CommitteeSep 27, 2006
Serial No. 109-37PROTECTING CONSUMERS AND PROMOTING COMPETITION IN REAL ESTATE SERVICES157 pagesFinancial Services CommitteeJun 15, 2005

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced
To amend the Bank Holding Company Act of 1956 and the Revised Statutes of the United States to prohibit financial holding companies and national banks from engaging, directly or indirectly, in real estate brokerage or real estate management activities, and for other purposes.
Short Titles as Introduced
Community Choice in Real Estate Act

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 1

Each version as it was printed, newest first.

  1. Jan 4, 2005Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.