Skip to main content
HR 111 108th 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: February 11, 2004 Introduced by: Calvert, Ken Republican · California See on congress.gov
Finance and Financial Sector Bank holding companiesCommerceHousing and Community DevelopmentReal estate businessSubsidiary corporations
Sign in to write a letter Sign in to watch
This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 27, 2003
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Jan 7, 2003
Referred to the House Committee on Financial Services.
Jan 7, 2003
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action February 27, 2003

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 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 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").

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 37
All 37 Democratic 26 Republican 8 Independent 1
D
Doggett, Lloyd
Texas · Oct 5, 2004
 D
Neal, Richard E.
Massachusetts · Feb 11, 2004
 R
Sessions, Pete
Texas · Dec 8, 2003
 D
DeLauro, Rosa L.
Connecticut · May 1, 2003
 D
Sánchez, Linda T.
California · May 1, 2003
 D
Markey, Edward J.
Massachusetts · Apr 30, 2003
 D
Thompson, Bennie G.
Mississippi · Apr 8, 2003
 D
Meeks, Gregory W.
New York · Mar 26, 2003
 R
Turner, Michael R.
Ohio · Mar 12, 2003
 D
Bishop, Sanford D.
Georgia · Feb 26, 2003
 D
Pallone, Frank
New Jersey · Feb 26, 2003
 D
Case, Ed
Hawaii · Feb 13, 2003
 R
Carter, John R.
Texas · Feb 12, 2003
 D
Van Hollen, Chris
Maryland · Feb 5, 2003
 D
DeGette, Diana
Colorado · Jan 27, 2003
FRELINGHUYSEN, RODNEY
· Jan 27, 2003
 D
Lofgren, Zoe
California · Jan 27, 2003
TANNER, JOHN
· Jan 27, 2003
 D
Schiff, Adam B.
California · Jan 8, 2003
 D
Smith, Adam
Washington · Jan 8, 2003
 R
Aderholt, Robert B.
Alabama · Jan 7, 2003
 D
Baldwin, Tammy
Wisconsin · Jan 7, 2003
 R
Capito, Shelley Moore
West Virginia · Jan 7, 2003
 D
Davis, Danny K.
Illinois · Jan 7, 2003
 D
Kaptur, Marcy
Ohio · Jan 7, 2003
 D
Larsen, Rick
Washington · Jan 7, 2003
 D
Larson, John B.
Connecticut · Jan 7, 2003
 D
Nadler, Jerrold
New York · Jan 7, 2003
 D
Norton, Eleanor Holmes
District of Columbia · Jan 7, 2003
 R
Rogers, Mike D.
Alabama · Jan 7, 2003
 I
Sanders, Bernard
Vermont · Jan 7, 2003
 D
Schakowsky, Janice D.
Illinois · Jan 7, 2003
 D
Sherman, Brad
California · Jan 7, 2003
 R
Smith, Christopher H.
New Jersey · Jan 7, 2003
 D
Thompson, Mike
California · Jan 7, 2003
 D
Waters, Maxine
California · Jan 7, 2003
 R
Wilson, Joe
South Carolina · Jan 7, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 111: Community Choice in Real Estate Act. 108th Congress. Open America. https://openamerica.io/bill/108-HR-111/
MLA
"H.R. 111: Community Choice in Real Estate Act." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-111/.
Bluebook (legal)
H.R. 111, 108th Cong. (2026), https://openamerica.io/bill/108-HR-111/.
Markdown link
[H.R. 111: Community Choice in Real Estate Act](https://openamerica.io/bill/108-HR-111/)
Report a problem