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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

Business Real Estate Press Releases

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Ocusell Partners with Restb.ai to Enhance FMLS Listings with Built-In AI

Ocusell, a leading proptech innovator, today announced a strategic partnership with Restb.ai, the real estate industry’s leader in AI-powered computer vision technology. This

Recent Gov & Nonprofit Real Estate Press Releases

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Pending Home Sales Declined 6.3% in April

Pending home sales decreased 6.3% in April, according to the National Association of REALTORS®. All four U.S. regions experienced month-over-month losses in transactions. Year-over-year, contract signings rose in the Midwest but descended in the