Media

Media Hit | Transportation

Houston Business Journal: Companies could pay more for land under eminent domain bill

The Texas Senate on Feb. 9 passed a bill its authors said will strengthen protections for property owners by closing a loophole in the state’s eminent domain law. That loophole, the bill’s proponents said, has enabled entities to seize property at unfair prices because the onus and financial burden of legally challenging use of eminent domain falls on property owners. Critics, however, say the measure still panders to special interests and is not specific enough.

Media Hit | Transportation

Austin Business Journal: Eminent domain bill passes Senate; critics doubt its efficacy

Critics of the bill worry its provisions aren’t specific enough to prevent recurrences of past abuse. Proponents said the bill covers most eminent domain situations, but it may not cover all of them, including when the buyback provision might apply. Critics are calling for members in the House Land and Resources Committee to make improvements to the bill.

Media Hit | Transportation

Fort Worth Weekly: Too Imminent

 

 

 

 

 

 

"Texas Senate passes bill to extend property rights," said a Houston Chronicle headline. Folks such as local rancher Billy Mitchell ought to be thrilled, right? In recent years, government agencies and private companies have used eminent domain powers to force North Texas property owners like Mitchell to sell their land for what amounts to private development — natural gas pipelines, gas rigs, privately owned toll roads, Trinity River Vision-type projects, or just the expansion of a shopping mall. Activists have been hoping that legislation would be passed this year to add protections for property owners. The issue draws a broad spectrum of support, and activists thought new legislation might be doable even in a Republican-dominated legislature. But Mitchell isn't thrilled. He's mad.

 

Media Hit | Transportation

Dallas Morning News: Texas Senate passes property rights bill

Legislation aimed at strengthening the rights of property owners in eminent domain cases in Texas won unanimous approval in the Senate on Wednesday. Critics believe the legislation will benefit utility companies, the oil and gas industry, real estate developers and private toll road investors before it ever has the opportunity to work on behalf of the citizens and landowners of Texas.

Media Hit | Financial Reform

San Antonio Business Journal: Community banks see flaws in proposed financial reform bill

With four banks controlling over 50 percent of the country’s banking assets, local community bankers concede that reform is needed to avoid a repeat of the financial crisis that thrust the country into the current economic downturn. The bill — dubbed the Restoring American Financial Stability Act — seeks to identify and respond to potential risks to the stability of the country’s financial markets and to promote discipline within the industry. It calls for the revision of regulations, standards and examinations of financial institutions, non-bank financial companies and bank holding companies, and it sets concentration limits for large financial institutions.

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