Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I rise today in support of Representative Matsui's bill, H.R. 8956, the Revisionary Interest Conveyance Act. This bill will resolve a stubborn property law issue that has long afflicted a small parcel of land in California. The private owners of an 8-acre property in Sacramento recently discovered a revisionary interest on their land, which was originally conveyed by a railroad company. The interest, which dates back to the days of the transcontinental railroad, technically requires the land to revert to the United States since it is no longer used for railroad purposes. With their land encumbered, the owners of this property are limited in their ability to develop or sell the land. The Bureau of Land Management, which would receive the property through the reversion, does not want to manage the land in question. Since the agency can't extinguish the revisionary interest unilaterally, the BLM has encouraged Congress to pursue a legislative solution. H.R. 8946 would resolve this conflict by requiring the Bureau of Land Management to convey the reversionary interest to the private landowners for fair market value. In so doing, this bill will free up the land for economic development and prevent further Federal interference. That is a good governance bill that supports a local community, encourages economic development, and reduces the burden on the Federal Government.…”