US Senate Reintroduces Community Choice in Real Estate Act
Senators Hillary Rodham Clinton (NY) and Senator Wayne Allard (CO) introduced “The Community Choice in Real Estate Act,” S.413, which clarifies Congressional intent that real estate brokerage and management are not banking activities. Clinton and Allard explained that allowing banks into real estate would “upend one of our nation’s most fundamental policies – the separation of banking and commerce- and put our economy at risk.”