This bill was introduced to counter the controversial Supreme Court decision in the case of Kelo v. New London, which expanded the power of states to use eminent domain to confiscate homes, businesses, and private property for "economic development", rather than just "public use".
Some claim that, although this bill may have the right idea, it lacks the means to enforce itself. One organization, DownsizeDC.org, Inc., has proposed an amendment to this bill, one which it says would give this bill "teeth", as it calls it, or in other words, a means of enforcement.