Political Quotes

Jack Fields: “What I am saying is if I as a property owner impact your property, you have a civil cause of action against me for…”

On the recordMarch 2, 1995
What I am saying is if I as a property owner impact your property, you have a civil cause of action against me for damages. What we are talking about in this particular piece of legislation, if the Federal Government comes in through a regulatory act and takes your property because of an endangered species declaration or a wetland designation, you have the same right that I have whether you are a developer, a farmer, a private homeowner. There is no distinction. Under this bill, as I understand it, if the Federal Government took that action to restrict those activities which harmed everybody downstream, that gentleman would have to be compensated. It certainly diminished his development value more than 10 percent.
Said by
Jack Fields
Texas
Source
govinfo.gov

Editor's note · Context

Discussing property rights and compensation under federal regulatory actions.

Share

Share on XShare on FacebookEmail this quote

More from Jack Fields

Mar 8, 1995

Because I am willing to make a commitment to the gentleman that we will have hearings on the subject of derivatives. It is my understanding that the report comes out this week from the Securities and Exchange Commission. I think that is…

govinfo.gov
Feb 1, 1996

very seldom, if ever, in a legislative career, can we as legislators, can we as trustees for the American people, feel that we have made a significant contribution for the country's future--made a real difference. Well, today we can. Mr…

govinfo.gov
Aug 4, 1995

this is a reregulatory dinosaur. Basic cable rates continue to be regulated under this bill. We deregulate expanded basic in 15 months, when telephone will be competing with cable. But very importantly, in terms of competition with…

govinfo.gov
Mar 7, 1995

I rise in support of H.R. 1058, the Securities Litigation Reform Act. This legislation revolutionizes the standard by which all disputes under securities laws will be litigated. For example, the Securities Litigation Reform Act will…

govinfo.gov
View all Jack Fields quotes

Other voices in this conversation