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HR 111 109th 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: May 11, 2005 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 109th Congress ended
It never became law before the 109th Congress (2005–2006) 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 22, 2005
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Jan 4, 2005
Referred to the House Committee on Financial Services.
Jan 4, 2005
Introduced in House
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 Latest action February 22, 2005

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 65
All 65 Democratic 31 Republican 9 Independent 1
D
Cuellar, Henry
Texas · Jun 15, 2006
Melancon, Charlie
· Nov 15, 2005
 R
Carter, John R.
Texas · Jun 28, 2005
STUPAK, BART
· Jun 21, 2005
EDWARDS, CHET
· Jun 13, 2005
 D
Smith, Adam
Washington · Jun 9, 2005
 D
Thompson, Bennie G.
Mississippi · May 24, 2005
 D
Green, Al
Texas · May 17, 2005
Rodgers, Cathy
· May 12, 2005
Shuster, Bill
· May 12, 2005
Barrett, J.
· May 11, 2005
Meek, Kendrick
· May 11, 2005
 D
Nadler, Jerrold
New York · May 11, 2005
Salazar, John
· May 11, 2005
TANNER, JOHN
· May 11, 2005
 R
Sessions, Pete
Texas · May 4, 2005
 D
Costa, Jim
California · Apr 27, 2005
 D
Markey, Edward J.
Massachusetts · Apr 20, 2005
 D
Matsui, Doris O.
California · Apr 20, 2005
 R
Aderholt, Robert B.
Alabama · Apr 14, 2005
BERRY, MARION
· Apr 14, 2005
 R
Capito, Shelley Moore
West Virginia · Apr 12, 2005
Davis, Artur
· Apr 12, 2005
 R
Wilson, Joe
South Carolina · Apr 12, 2005
BROWN, HENRY
· Apr 5, 2005
 D
Cleaver, Emanuel
Missouri · Apr 5, 2005
Bean, Melissa
· Mar 8, 2005
HARMAN, JANE
· Mar 8, 2005
 R
McCaul, Michael T.
Texas · Mar 8, 2005
 D
DeLauro, Rosa L.
Connecticut · Mar 1, 2005
ORTIZ, SOLOMON
· Feb 10, 2005
BAIRD, BRIAN
· Feb 1, 2005
BARTON, JOE
· Feb 1, 2005
 D
Larsen, Rick
Washington · Feb 1, 2005
 D
Norton, Eleanor Holmes
District of Columbia · Feb 1, 2005
 R
Turner, Michael R.
Ohio · Feb 1, 2005
 D
Lofgren, Zoe
California · Jan 6, 2005
 D
Baldwin, Tammy
Wisconsin · Jan 4, 2005
 D
Bishop, Sanford D.
Georgia · Jan 4, 2005
 D
Case, Ed
Hawaii · Jan 4, 2005
 D
Davis, Danny K.
Illinois · Jan 4, 2005
Davis, Lincoln
· Jan 4, 2005
 D
DeGette, Diana
Colorado · Jan 4, 2005
 D
Doggett, Lloyd
Texas · Jan 4, 2005
FRELINGHUYSEN, RODNEY
· Jan 4, 2005
KANJORSKI, PAUL
· Jan 4, 2005
 D
Kaptur, Marcy
Ohio · Jan 4, 2005
 D
Larson, John B.
Connecticut · Jan 4, 2005
LEWIS, JERRY
· Jan 4, 2005
Marshall, Jim
· Jan 4, 2005
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APA
U.S. Congress. (2026). H.R. 111: Community Choice in Real Estate Act. 109th Congress. Open America. https://openamerica.io/bill/109-HR-111/
MLA
"H.R. 111: Community Choice in Real Estate Act." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-111/.
Bluebook (legal)
H.R. 111, 109th Cong. (2026), https://openamerica.io/bill/109-HR-111/.
Markdown link
[H.R. 111: Community Choice in Real Estate Act](https://openamerica.io/bill/109-HR-111/)
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