mr. sensenbrenner: thank you, mr. speaker. i want to state at the beginning that i deeply appreciate my co-sponsor of this legislation, the gentlewoman from california, ms. waters. this is a sensenbrenner-waters bill. you will never see another sensenbrenner-waters bill, and that is probably one of the best reasons to vote in favor of it. i am pleased that the house of representatives today is considering h.r. 1433, the private property rights protection act. this legislation will prevent economic development from being used as a justification for exercising the power of eminent domain. i first introduced a version of this bill after the 2005 supreme court's ruling in keylow vs. city of new london. in this decision, the court held 5-4 that economic development can be a public use under the fifth amendment's takings clause, justifying the government's taking of private property and giving it to a private business for use in the interest of creating a more lucrative tax base. as a result of this ruling, the federal government's p