A bill to amend the interest provisions of the Declaration of Taking Act.
Public Law 99-656 · H.R. 5363 · 99th Congress · began in the House
Signed by Ronald Reagan (R) on Nov 14, 1986 · Public Lands and Natural Resources
Sponsor: Rep. Daniel Glickman (D-KS-4)
Cosponsors (1): Rep. Hamilton Fish
Passage votes
- HouseUnanimous consent
- SenateVoice vote
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
(House agreed to Senate amendment with an amendment)
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.
Committees
The committees the bill was sent to, and what each did with it.
Judiciary Committee · House · markup by, referred to, reported bySubcommittee: Administrative Law and Governmental Relations Subcommittee
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 15 actions.
- Nov 14, 1986Became lawBecame law · Became Public Law No: 99-656.
- Became lawBecame law · Signed by President.
- Nov 5, 1986PresidentPresident · Presented to President.
- Oct 17, 1986Resolving differencesResolving differences · Senate agreed to House amendment to Senate amendment by Voice Vote.
- Resolving differencesResolving differences · House Concurred, in Senate Amendments , with Amendments by Unanimous Consent.
- FloorFloor · Passed Senate in lieu of S. 2424 with an amendment by Voice Vote.
- FloorFloor · Measure laid before Senate by unanimous consent.
- Sep 29, 1986FloorFloor · Passed House by Voice Vote.
- Sep 27, 1986CommitteeCommittee · Reported by House Judiciary Committee
- Sep 25, 1986CommitteeCommittee · Markup by House Judiciary Committee
- Aug 14, 1986CommitteeCommittee · Reported by Administrative Law and Governmental Relations Subcommittee of the House Judiciary Committee
- CommitteeCommittee · Markup by Administrative Law and Governmental Relations Subcommittee of the House Judiciary Committee
- Aug 13, 1986CommitteeCommittee · Referred to Administrative Law and Governmental Relations Subcommittee of the House Judiciary Committee
- Aug 8, 1986CommitteeCommittee · Referred to House Judiciary Committee
- IntroducedIntroduced · Introduced in the House
Data notes
Shows the introduction, each committee and subcommittee step the source dates (referral, hearings, markup, report, discharge), and the floor, conference, presidential and became-law steps. Calendar placements, messages between the chambers, amendments and committee report numbers are not shown for laws before the 108th Congress. Two entries the source lists twice are shown once.
Official record
The bill’s full text and every action, including introduction and committee steps, are on Congress.gov. Data through Oct 7, 2026.