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Full Text of this Amendment
On page 64, strike lines 6 through 12 and insert the following:
(c) Legal Status.--
(1) IN GENERAL.--An emission allowance shall constitute a property right.
(2) COMPENSATION.--The Administrator shall provide to the holder of an emission allowance just compensation for the termination or limitation of the emission allowance.
(As printed in the Congressional Record for the Senate on Jun 4, 2008.)