preemption

(redirected from Preemption of State and Local Laws)
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preemption

The right to purchase property before, or in preference to, others.
References in periodicals archive ?
The senators' work, while not achieving the same preemption protection that federal laws have under the treaty, did result in strong language to block private sector and foreign government preemption of state and local laws and provides some congressional role in executive branch preemption.
While the Senate Finance Committee language does not achieve all that the state and local government groups sought, it represents a vast improvement over past practices under the GATT by blocking private sector and foreign government preemption of state and local laws and by providing some congressional role in executive branch preemption.
Because real estate is local, the issue of preemption of state and local laws applicable to lenders is of great concern to Realtors(R)," NAR First Vice President Pat Vredevoogd of AJS Realty Inc.