- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not votedIntroducedNovember 27th, 2018
Private landowners deserve to be properly compensated for lost land value if the government makes decisions that decrease their land’s value. This is especially consequential in economically depressed areas where banning fracking eliminates landowners’ abilities to gain any economic value from oil reserves on their lands.
The government is perfectly within its rights to limit or disallow certain types of uses of land, as is the case with zoning laws or bans on certain environmentally harmful activities, such as fracking, and shouldn’t be expected to compensate landowners for economic losses in these cases.