H.R. 2660 (109th): Fair Choice and Competition in Real Estate Act of 2005

Introduced:
May 26, 2005 (109th Congress, 2005–2006)
Sponsor:
Rep. Michael Oxley [R-OH4]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on May 26, 2005, in a previous session of Congress, but was not enacted.

Progress
Introduced May 26, 2005
Cosponsors
1 cosponsors (1D) (show)
Committees

House Financial Services

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Bank Holding Company Act of 1956 to clarify that real estate brokerage activities and real estate management activities are authorized financial activities for financial holding companies and financial subsidiaries of national banks, and for other purposes.

Summary

No summaries available.

Text

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Last updated May 26, 2005.
4 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

5/26/2005--Introduced.
Fair Choice and Competition in Real Estate Act of 2005 - Amends the Bank Holding Company Act of 1956, restricting banking interests in nonbanking organizations, to declare that a bank holding company engaged in real estate brokerage and management transactions shall be considered to be engaged in activities that are financial in nature (therefore permissible). Details real estate brokerage and management conduct permissible for bank holding companies.

House Republican Conference Summary

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House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

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