HR 111 · 110th Congress 2007–2009, ended

Community Choice in Real Estate Act

Introduced Jan 4, 2007 Originated House Sponsor Paul E. Kanjorski D-PA

Fact sheet

Latest action · Jan 4, 2007 Referred to the House Committee on Financial Services.

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, 2007
  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 276

Members who signed on, in the order they did. Signatures ran from Jan 4, 2007 to Sep 25, 2008, with 60 there on the day it was introduced.

SeatCosponsorSigned on
D-CAAdam B. SchiffOriginalJan 4, 2007
D-TXAl GreenOriginalJan 4, 2007
D-CAAnna G. EshooOriginalJan 4, 2007
D-ALArtur DavisOriginalJan 4, 2007
D-KYBen ChandlerOriginalJan 4, 2007
D-CABrad ShermanOriginalJan 4, 2007
D-NYBrian HigginsOriginalJan 4, 2007
R-MICandice S. MillerOriginalJan 4, 2007
R-CTChristopher ShaysOriginalJan 4, 2007
R-FLCliff StearnsOriginalJan 4, 2007
D-FLCorrine BrownOriginalJan 4, 2007
D-ILDaniel LipinskiOriginalJan 4, 2007
D-CADennis A. CardozaOriginalJan 4, 2007
D-CADoris O. MatsuiOriginalJan 4, 2007
R-CADuncan HunterOriginalJan 4, 2007
Show all 276 cosponsors

Actions 2

Everything that happened, newest first.

  1. Jan 4, 2007Introduced in House
  2. Jan 4, 2007Referred to the House Committee on Financial Services.

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 413Community Choice in Real Estate ActIdentical billJan 26, 2007

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, 2007Introduced 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.