Congressman Proposes Bill to Compensate NY’s Jilted Landowners

Congressman Tom Reed (Republican, Conservative) from the Southern Tier/Twin Tiers area of New York (Corning region) is “leading the charge” in Washington by proposing new legislation that would require states, like New York, to compensate residents when it causes them harm by action or inaction–like the recent Gov. Andrew Cuomo decision to ban fracking in the state. Under Reed’s proposal, called the “Defense of Property Rights Act,” landowners would be entitled to receive $20,000 or 20% of the value of their land. Below is the press release from Reed’s office, a few extra details we’ve gleaned from news accounts, and our own opinion of this strategy…

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