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Private Property Ownership Amendment

The Fifth Amendment (Rights in Criminal Cases), states in part:


No person shall be held to answer for a capital...., nor shall private property be taken for public use, without just compensation.

The 5th Amendment was ratified on December 15, 1791 as part of the Bill of Rights.



The Supreme Court ruled in June 2005 that local, state or federal governments may take for compensation private property for the sole purpose of turning property over to other private citizens for economic development.

To amend this ruling, we purpose the following Amendment to the U.S Constitution.


AMENDMENT
[1]The taking of private property for public use for local, state or federal governments' public purpose shall remain in the ownership of local, state or federal governments and shall not be used to benefit a private individual or group.
[2]Just compensation shall be made to the person whose private property is taken.
[3]Sale of the property by local, state or federal governments shall be restricted back as a first offer refusal to the original owner if living or to owners' decedents at the lower of the original compensated price or current market value.
[4]If the owner or the owners' decedents decline to purchase the property, the local, state or federal government may dispose of property in any appropriate manner after holding the property for a period not less than five years.
[5]This article shall be inoperative unless it shall have been ratified as an amendment to the Constitution by convention in the several States, as provided in the Constitution, within seven years from the date of submission hereof to the States by the Congress.