Possessory Interest n. The right to control a property and to exclude others for the present, exercised by one who is not necessarily the owner. A current or future exclusive right to possession and use of a property.
Webster's New World Law Dictionary
As I understand it, the term above, most often (but not always), applies to
Real Property. Yet this bill, if passed and signed into law allows the Federal Government to take a possessory interest in my personal property that is no longer in or affecting interstate, intrastate or foreign commerce.
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I have a question: Under what authority does the Federal Government have the power to enable a possessory interest in my property without first paying for that privilege?
This is nothing more than an unlawful taking. See the 5th Amendment.