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1/6/2009--Introduced.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").

1231218000 2009-01-06 Tue Jan 05 18:16:15 -0600 2010 introduced 53906 'act':6 'real':4 'choic':2 'estat':5 'communiti':1 66757 false short introduced 53906 'act':7 '1956':9 'bank':4,25 'hold':5,21 'real':32,36 'unit':16 'activ':39 'amend':2 'engag':27 'estat':33,37 'manag':38 'revis':12 'state':17 'direct':28 'nation':24 'purpos':43 'statut':13 'compani':6,22 'financi':20 'brokerag':34 'indirect':30 'prohibit':19 66758 false official action 53906 1231218000 Tue Jan 06 00:00:00 -0600 2009 180550 Referred to the House Committee on Financial Services. K000008 1937-04-02 6493 2188 Rayburn House Office Building http://kanjorski.house.gov/index.php?option=com_content&task=view&id=2&Itemid= 11 202-225-0764 Paul 'd':4 'pa':5 '-11':6 'rep':1 'paul':2,7,9 'kanjorski':3,8,10 M 400210 Kanjorski Paul_E._Kanjorski E. Rep. Paul Kanjorski [D, PA-11] 2715 N00001509 7728 Democrat 202-225-6511 Roman Catholic PA Paul Kanjorski 3.38461538461538 http://kanjorski.house.gov/ action 53906 1231218000 Tue Jan 06 00:00:00 -0600 2009 180550 Referred to the House Committee on Financial Services. introduced 53906 1231218000 Tue Jan 06 00:00:00 -0600 2009 180549