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Judiciary Committee Approves Bill to Protect Private Property Rights
Washington, D.C. - June 13, 2013 - (RealEstateRama) -- The House Judiciary Committee today approved legislation by voice vote that prohibits state and local governments that receive federal economic development funds from using eminent domain to transfer private property from one private owner to another for the purpose of economic development, the Private Property Rights Protection Act (H.R. 1944). This legislation is in response to the 2005 Supreme Court decision in the case of Kelo v. City of New London, which gives local governments broad authority to seize private property under the guise of economic development just to generate tax revenue. The Private Property Rights Protection Act passed the House of Representatives in the 109th and 112th Congresses
