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S. 2424

A bill to amend the interest provisions of the Declaration of Taking Act.

(Measure indefinitely postponed in Senate, H.R. 5363 passed in lieu)

Amends the Declaration of Taking Act to establish an interest rate formula (replacing the fixed six-percent interest) to be applied to amounts awarded in condemnation proceedings under a declaration of taking to acquire real estate for the erection of public buildings or other public uses. Bases the formula on Treasury bill yield rates.

Requires certain bankruptcy trustees to pay health and life insurance benefits of retired former employees until May 15, 1987.

Amends the joint resolution which authorizes the Black Revoluntionary War Patriots Foundation to build a memorial to black participants in the American Revolution to require that such memorial be established in accordance with a specified Act approved by the House of Representatives on September 29, 1986.

Indefinitely postponed by Senate by Voice Vote.

Sen. Thurmond, Strom [R-SC](R-SC)Sponsor
1committees13actions1amendments1related bills17subjects
  1. Floor

    Indefinitely postponed by Senate by Voice Vote.

  2. Floor

    Senate passed companion measure H.R. 5363 in lieu of this measure by Voice Vote.

  3. Floor

    Senate incorporated this measure in H.R. 5363 as an amendment.

  4. Floor

    Measure laid before Senate by unanimous consent.

  5. Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 986.

  6. Committee

    Committee on Judiciary. Reported to Senate by Senator Thurmond without amendment. Without written report.

    Judiciary Committee
  7. Committee14000

    Committee on Judiciary. Reported to Senate by Senator Thurmond without amendment. Without written report.

    Judiciary Committee
  8. Committee

    Committee on Judiciary. Ordered to be reported without amendment favorably.

    Judiciary Committee
  9. Committee

    Committee on Judiciary received executive comment from Administrative Office of the United States Courts.

    Judiciary Committee
  10. Committee

    Committee on Judiciary requested executive comment from Justice Department, Administrative Office of the United States Courts.

    Judiciary Committee
  11. Committee

    Referred to Subcommittee on Courts.

    Human Rights and the Law Subcommittee
  12. IntroReferral

    Read twice and referred to the Committee on Judiciary.

    Judiciary Committee
  13. IntroReferral10000

    Introduced in Senate

Oct 17, 198634
(Measure indefinitely postponed in Senate, H.R. 5363 passed in lieu)

Amends the Declaration of Taking Act to establish an interest rate formula (replacing the fixed six-percent interest) to be applied to amounts awarded in condemnation proceedings under a declaration of taking to acquire real estate for the erection of public buildings or other public uses. Bases the formula on Treasury bill yield rates.

Requires certain bankruptcy trustees to pay health and life insurance benefits of retired former employees until May 15, 1987.

Amends the joint resolution which authorizes the Black Revoluntionary War Patriots Foundation to build a memorial to black participants in the American Revolution to require that such memorial be established in accordance with a specified Act approved by the House of Representatives on September 29, 1986.

May 8, 198600

Amends the Declaration of Taking Act to establish an interest rate formula (replacing the fixed six-percent interest) to be applied to amounts awarded in condemnation proceedings under a declaration of taking to acquire real estate for the erection of public buildings or other public uses. Bases the formula on Treasury bill yield rates.