Should Banking Powers Expand into Real Estate Brokerage and Management?

Author / Creator

Library of Congress. Congressional Research Service

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Online

Summary

Examines the question of whether banking powers should be adapted to changing financial markets, in particular by allowing banking companies to engage in real estate brokerage and management activi...

Examines the question of whether banking powers should be adapted to changing financial markets, in particular by allowing banking companies to engage in real estate brokerage and management activities. Details Federal Reserve System and Department of Treasury proposals to expand banking authority under P.L. 106-102, the Gramm-Leach-Bliley Act of 1999, which expanded banking operations through financial holding companies and financial subsidiaries.

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