Tuesday, March 20, 2012

Sen. Rand Paul Introduces Property Rights Legislation

Support S-2122

Senator Rand Paul (R-KY) has introduced the most important property rights legislation that Congress has seen in more than a decade – S-2122.  The bill not only defines “Waters of the United States” to be navigable-in-fact, the bill also returns jurisdiction over water to the states.  Further, the bill strips federal agencies of regulatory authority over wetlands that fail to meet the new definition supplied in the bill, and requires double payment by the federal government to private landowners for any loss of value that occurs as the  result of enforcing a federal wetland regulation on private property.  The bill also prohibits federal agents from entering private property without written permission and advance notice of a visit.  The landowner is given the right to be present during any inspection, and to receive a copy of all information collected by the federal agent.

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