US Congress House Bill 111 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 60-34)
Status: Introduced on January 6 2009 - 25% progression, died in committee
Action: 2009-01-06 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

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").

Community Choice in Real Estate Act

Rep. John Adler [D-NJ]	Rep. Jason Altmire [D-PA]	Rep. Robert Andrews [D-NJ]	Rep. Michael Arcuri [D-NY]
Rep. Gresham Barrett [R-SC]	Rep. Howard Berman [D-CA]	Rep. Brian Bilbray [R-CA]	Rep. Timothy Bishop [D-NY]
Rep. Madeleine Bordallo [D-GU]	Rep. Kevin Brady [R-TX]	Rep. Bruce Braley [D-IA]	Rep. Henry Brown [R-SC]
Rep. Dan Burton [R-IN]	Rep. Ken Calvert [R-CA]	Rep. Dennis Cardoza [D-CA]	Rep. Russ Carnahan [D-MO]
Sen. Bill Cassidy [R-LA]	Rep. Emanuel Cleaver [D-MO]	Rep. Joe Courtney [D-CT]	Rep. John Culberson [R-TX]
Rep. Peter DeFazio [D-OR]	Rep. John Dingell [D-MI]	Rep. Lloyd Doggett [D-TX]	Rep. Chet Edwards [D-TX]
Rep. Eliot Engel [D-NY]	Rep. Bill Foster [D-IL]	Rep. Rodney Frelinghuysen [R-NJ]	Rep. Elton Gallegly [R-CA]
Rep. Kay Granger [R-TX]	Rep. Al Green [D-TX]	Rep. Raul Grijalva [D-AZ]	Rep. Deborah Halvorson [D-IL]
Rep. Brian Higgins [D-NY]	Rep. Maurice Hinchey [D-NY]	Rep. Ruben Hinojosa [D-TX]	Rep. Paul Hodes [D-NH]
Rep. Tim Holden [D-PA]	Rep. Rush Holt [D-NJ]	Rep. Sheila Jackson-Lee [D-TX]	Rep. Eddie Johnson [D-TX]
Rep. Steve Kagen [D-WI]	Rep. Paul Kanjorski [D-PA]	Rep. Dale Kildee [D-MI]	Rep. Jack Kingston [R-GA]
Rep. Dennis Kucinich [D-OH]	Rep. Doug Lamborn [R-CO]	Rep. Leonard Lance [R-NJ]	Rep. Christopher Lee [R-NY]
Rep. Sander Levin [D-MI]	Rep. John Lewis [D-GA]	Rep. Daniel Lipinski [D-IL]	Rep. Frank LoBiondo [R-NJ]
Rep. Kenny Marchant [R-TX]	Rep. Eric Massa [D-NY]	Rep. Jim Matheson [D-UT]	Rep. Michael McCaul [R-TX]
Rep. Thaddeus McCotter [R-MI]	Rep. John McHugh [R-NY]	Rep. Cathy McMorris Rodgers [R-WA]	Rep. Gregory Meeks [D-NY]
Rep. Michael Michaud [D-ME]	Rep. Candice Miller [R-MI]	Sen. Christopher Murphy [D-CT]	Rep. Patrick Murphy [R-PA]
Rep. John Murtha [D-PA]	Rep. Devin Nunes [R-CA]	Rep. John Olver [D-MA]	Rep. Solomon Ortiz [D-TX]
Rep. Frank Pallone [D-NJ]	Rep. Bill Pascrell [D-NJ]	Rep. Ron Paul [R-TX]	Rep. Donald Payne [D-NJ]
Rep. Joseph Pitts [R-PA]	Rep. Ted Poe [R-TX]	Rep. Mike D. Rogers [R-AL]	Rep. Peter Roskam [R-IL]
Rep. Steven Rothman [D-NJ]	Rep. Janice Schakowsky [D-IL]	Rep. Allyson Schwartz [D-PA]	Rep. Heath Shuler [D-NC]
Rep. Albio Sires [D-NJ]	Rep. Christopher Smith [R-NJ]	Rep. Mark Souder [R-IN]	Rep. Betty Sutton [D-OH]
Rep. John Tierney [D-MA]	Rep. Paul Tonko [D-NY]	Rep. Paul Tonko [D-NY]	Rep. Michael Turner [R-OH]
Rep. Henry Waxman [D-CA]	Sen. Peter Welch [D-VT]	Rep. Joe Wilson [R-SC]	Rep. Frank Wolf [R-VA]
Rep. Lynn Woolsey [D-CA]	Rep. David Wu [D-OR]

Date	Chamber	Action
2009-01-06		Referred to the House Committee on Financial Services.

SB356 (Related) 2009-01-29 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/111/all-info
Text	https://www.congress.gov/111/bills/hr111/BILLS-111hr111ih.pdf