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HR 3424 107th Congress House

Community Choice in Real Estate Act

Official title: 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 eng… Show full official titleShow less

Official title: 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.

Introduced: December 20, 2001 Introduced by: Calvert, Ken Republican · California See on congress.gov
Finance and Financial Sector Bank holding companiesCommerceHousing and Community DevelopmentReal estate businessSubsidiary corporations
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 24, 2002
Subcommittee Hearings Held.
Dec 17, 2001
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Dec 6, 2001
Referred to the House Committee on Financial Services.
Dec 6, 2001
Introduced in House
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 Latest action July 24, 2002

Subcommittee Hearings Held.

 Plain-English summary Congressional Research Service
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 making a determination that real estate brokerage activity or real estate management activity is an activity that is either financial in nature or incidental to any financial activity, or is complementary to a financial activity.
 Related & companion bills 1
  • S 1839 Identical bill Community Choice in Real Estate Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 52
All 52 Democratic 22 Republican 4 Independent 1
LIPINSKI, WILLIAM
· Sep 26, 2002
 D
DeLauro, Rosa L.
Connecticut · Jun 17, 2002
JOHN, CHRISTOPHER
· Jun 11, 2002
 D
Nadler, Jerrold
New York · May 20, 2002
MCCARTHY, KAREN
· Apr 30, 2002
 D
Neal, Richard E.
Massachusetts · Apr 18, 2002
BALLENGER, CASS
· Apr 17, 2002
CHRISTENSEN, DONNA
· Apr 17, 2002
 D
Davis, Danny K.
Illinois · Apr 17, 2002
FLETCHER, ERNEST
· Apr 17, 2002
QUINN, JACK
· Apr 17, 2002
 D
Thompson, Bennie G.
Mississippi · Apr 17, 2002
 D
Smith, Adam
Washington · Mar 20, 2002
 D
Meeks, Gregory W.
New York · Feb 27, 2002
 D
Kaptur, Marcy
Ohio · Feb 12, 2002
 D
Larson, John B.
Connecticut · Feb 7, 2002
 D
Norton, Eleanor Holmes
District of Columbia · Feb 5, 2002
 D
Pallone, Frank
New Jersey · Jan 23, 2002
 I
Sanders, Bernard
Vermont · Jan 23, 2002
 D
Schiff, Adam B.
California · Jan 23, 2002
 R
Wilson, Joe
South Carolina · Jan 23, 2002
 D
Lofgren, Zoe
California · Dec 20, 2001
 D
Schakowsky, Janice D.
Illinois · Dec 20, 2001
TAUZIN, W.
· Dec 20, 2001
Vitter, David
· Dec 20, 2001
 R
Aderholt, Robert B.
Alabama · Dec 19, 2001
Burr, Richard
· Dec 19, 2001
LUCAS, KEN
· Dec 19, 2001
 D
Thompson, Mike
California · Dec 19, 2001
 D
Bishop, Sanford D.
Georgia · Dec 18, 2001
COLLINS, MAC
· Dec 18, 2001
DeMint, James
· Dec 18, 2001
HOEFFEL, JOSEPH
· Dec 18, 2001
 D
Larsen, Rick
Washington · Dec 18, 2001
MCINNIS, SCOTT
· Dec 18, 2001
STENHOLM, CHARLES
· Dec 18, 2001
TURNER, JIM
· Dec 18, 2001
KLECZKA, GERALD
· Dec 13, 2001
LAMPSON, NICK
· Dec 13, 2001
NETHERCUTT, GEORGE
· Dec 13, 2001
CRANE, PHILIP
· Dec 11, 2001
GREENWOOD, JAMES
· Dec 11, 2001
 D
Markey, Edward J.
Massachusetts · Dec 11, 2001
 R
Smith, Christopher H.
New Jersey · Dec 11, 2001
 D
Baldwin, Tammy
Wisconsin · Dec 6, 2001
 R
Capito, Shelley Moore
West Virginia · Dec 6, 2001
 D
DeGette, Diana
Colorado · Dec 6, 2001
DEUTSCH, PETER
· Dec 6, 2001
Isakson, Johnny
· Dec 6, 2001
SANDLIN, MAX
· Dec 6, 2001
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APA
U.S. Congress. (2026). H.R. 3424: Community Choice in Real Estate Act. 107th Congress. Open America. https://openamerica.io/bill/107-HR-3424/
MLA
"H.R. 3424: Community Choice in Real Estate Act." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-3424/.
Bluebook (legal)
H.R. 3424, 107th Cong. (2026), https://openamerica.io/bill/107-HR-3424/.
Markdown link
[H.R. 3424: Community Choice in Real Estate Act](https://openamerica.io/bill/107-HR-3424/)
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