National Association of Realtors(r): 'Community Choice In Real Estate Act Should Be Passed This Year' Says Sen. Clinton

From: U.S. Newswire | Date: May 16, 2002 | Copyright information

WASHINGTON, May 16 /U.S. Newswire/ -- Sen. Hillary Rodham Clinton (D-N.Y.), told Realtors(r) gathered for the National Association of Realtors(r) Midyear Legislative Meetings & Trade Expo here that the Community Choice in Real Estate Act, S.1839, which would prevent federally chartered banks from entering real estate brokerage and property management, should be passed this year.

Clinton, one of two prime sponsors of the legislation in the Senate, said that allowing banks into real estate is just not fair considering the serious competitive advantage that they enjoy due to their federal ...

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