Skip to main content
S. 98 109th Congress Senate

Community Choice in Real Estate Act

Official title: A bill 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 f… Show full official titleShow less

Official title: A bill 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: January 24, 2005 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 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 24, 2005
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan 24, 2005
Introduced in Senate
 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 January 24, 2005

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 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 activities of a bank holding company (or any affiliate) that directly relate to managing any real property owned by national banks or their affiliates.

States that activities that were authorized for financial holding companies and national banks on December 6, 2001, are not affected by the prohibitions of this Act.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 2
D
Cantwell, Maria
Washington · Jun 6, 2005
 D
Durbin, Richard J.
Illinois · Feb 7, 2005
Burr, Richard
· Jan 31, 2005
Isakson, Johnny
· Jan 24, 2005
Cite this page click to expand
APA
U.S. Congress. (2026). S. 98: Community Choice in Real Estate Act. 109th Congress. Open America. https://openamerica.io/bill/109-S-98/
MLA
"S. 98: Community Choice in Real Estate Act." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-S-98/.
Bluebook (legal)
S. 98, 109th Cong. (2026), https://openamerica.io/bill/109-S-98/.
Markdown link
[S. 98: Community Choice in Real Estate Act](https://openamerica.io/bill/109-S-98/)
Report a problem