Private Property Protection Act of 1995

[AI summary unavailable — showing source text] Private Property Protection Act of 1995 - Requires the Federal Government to compensate a property owner whose use of that property has been limited by an agency action, pursuant to a specified regulatory law and that diminishes the fair market value of that property by 33.3 percent or more, for that diminution in value. Prohibits compensation from being made under this Act if the use limited by Federal agency action is proscribed under the law of the State in which the property is located (other than a proscription required by a Federal law, either directly or as a condition for assistance). Provides that if a use is a nuisance as defined by the law of a State, that use is proscribed for the purposes of this Act. Prohibits compensation from being made under this Act with respect to: (1) an agency action the purpose of which is to prevent an imminent and identifiable hazard to public health and safety or damage to specific property other than the property whose use is limited; or (2) an agency action pursuant to the Federal navigational servitude. Sets forth the procedures by which a property owner may seek compensation under this Act.…