A bill to amend the Act of June 22, 1948.
Sponsored By: Senator Smith, Tina [D-MN]
In Committee
Summary
This bill would require using the highest fair appraised value, including historical fair appraised values, when valuing property under the Thye-Blatnik Act. It replaces the current wording in Section 5 so the Secretary of Agriculture makes that determination under the section's procedures. The change specifically delegates the valuation method and final appraisal decision to the Secretary but does not specify a concrete calculation, effective date, or any fiscal details in the provided text.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Higher appraisals for property owners
If enacted, this bill would require the Secretary of Agriculture to use the highest fair appraised value for appraisals under Section 5 of the Thye-Blatnik Act (16 U.S.C. 577g). This would include historical fair appraised values and could raise payments when the federal government acquires property. The bill does not set an effective date or any dollar amounts.
Sponsors & CoSponsors
Sponsor
Smith, Tina [D-MN]
MN • D
Cosponsors
Amy Klobuchar
MN • D
Sponsored 2/19/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov