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Protecting America's Property Rights Act

3/13/2024, 6:56 AM

Summary of Bill S 2687

Bill 118 s 2687, also known as the Protecting America's Property Rights Act, is a piece of legislation currently being considered by the US Congress. The main purpose of this bill is to address concerns related to property rights and the use of eminent domain by the government.

The bill aims to strengthen protections for property owners by prohibiting the use of eminent domain for economic development purposes. Eminent domain is the government's power to take private property for public use, but in recent years there have been instances where this power has been abused for the benefit of private developers.

Under the Protecting America's Property Rights Act, any government entity that receives federal funding would be prohibited from using eminent domain to transfer property to a private entity for economic development purposes. This would help ensure that property owners are not unfairly forced to give up their land for the benefit of private interests. Additionally, the bill includes provisions to ensure that property owners are fairly compensated if their land is taken through eminent domain. This would help to protect the rights of property owners and ensure that they are not financially harmed by the government's actions. Overall, the Protecting America's Property Rights Act is aimed at safeguarding the property rights of American citizens and preventing the misuse of eminent domain for private gain. It is an important piece of legislation that seeks to uphold the principles of fairness and justice in property rights law.

Current Status of Bill S 2687

Bill S 2687 is currently in the status of Bill Introduced since July 27, 2023. Bill S 2687 was introduced during Congress 118 and was introduced to the Senate on July 27, 2023.  Bill S 2687's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of July 27, 2023

Bipartisan Support of Bill S 2687

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
0
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 2687

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 2687

Protecting America's Property Rights Act
Protecting America's Property Rights Act
A bill to provide additional requirements for the purchase and sale of conventional mortgages by the enterprises, and for other purposes.

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