Search Results: keywords:"thye-blatnik act"

  • S. 5595 — To amend the Act of June 22, 1948.
    Status:Considered and Passed Senate
    Words:195

    S. 5595 amends the Act of June 22, 1948, known as the "Thye-Blatnik Act." The bill focuses on updating the method for appraising the value of certain properties. It specifies that properties should be appraised at the highest fair value, including their historical values, as...

    Simple Explanation

    The bill wants to change an old law to make sure the value of some special lands is checked in a special way so they’re worth as much as possible, considering both what they’re worth now and what they were worth before. However, it’s a bit tricky because the person who decides their value has a lot of freedom to choose how much they think it should be.

  • S. 5595 — An Act To amend the Act of June 22, 1948.
    Status:Engrossed in Senate
    Words:171

    S. 5595 aims to amend the Thye-Blatnik Act of June 22, 1948, to change how the value of certain properties is appraised. The amendment requires the Secretary of Agriculture to determine the appraised value based on the highest fair appraised value, which includes historical...

    Simple Explanation

    Congress wants to change a rule about checking how much certain properties are worth by looking at the highest value from past and present times. This change might make it tricky because there's no clear way to decide what the highest value is, and it gives one person a lot of power to decide.