As many others have said I hadn't heard of this, but come on guys.... are we really going to let the police seize your property, and assets without even charging you with a crime. Heck the bill proposed doesn't even outlaw the practice all together, it simply wants to reform it.
Now the well know liberal
hell hole called Nebraska abolished the practice and the equally awful Forbes had a rather good article on the whole matter with this quote...
On the matter of Federal Forfeiture, it takes 5.4 billion a year with 87% coming from civil rather criminal process. So it needs some reforming. And as anyone who's studied the civil rights era knows you can tie reforms to funding, and state grants.