S.145 - Private Property Rights Restoration Act104th Congress (1995-1996)
|Sponsor:||Sen. Gramm, Phil [R-TX] (Introduced 01/04/1995)|
|Committees:||Senate - Governmental Affairs|
|Latest Action:||Senate - 01/04/1995 Read twice and referred to the Committee on Governmental Affairs. (All Actions)|
This bill has the status Introduced
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Summary: S.145 — 104th Congress (1995-1996)All Information (Except Text)
Introduced in Senate (01/04/1995)
Private Property Rights Restoration Act - Grants the owner of real property a cause of action against the United States if: (1) the application of a statute, regulation, rule, guideline, or policy of the United States restricts, limits, or otherwise infringes a right to real property that would otherwise exist; and (2) such application would result in a discrete and non-negligible reduction in the fair market value of the affected portion of real property.
Specifies that a prima facie case shall be established if the Government action results in a temporary or permanent diminution of fair market value of the affected portion of real property of the lesser of 25 percent or more, or $10,000 or more.
Sets forth provisions regarding: (1) jurisdiction; (2) recovery amount; (3) a public nuisance exception; (4) award of costs to a prevailing plaintiff; and (5) the applicable statute of limitations.