Superfund Equity and Megasite Remediation Act of 2007

Summary

Superfund Equity and Megasite Remediation Act of 2007 - Amends the Internal Revenue Code to reinstate the Hazardous Substance Superfund financing rate and the corporate environmental income tax, except in certain calendar quarters in which the unobligated balance in the Hazardous Substance Superfund exceeds $5.7 billion. Provides for a 50% increase in the Hazardous Substance Superfund financing rate and the corporate environmental income tax between 2008 and 2013 to fund response actions at Superfund sites estimated to cost more than $50 million (megasites) or which pose high health risks. Establishes the Megasites and High Risk Sites Cleanup Account in the Hazardous Substance Superfund. Transfers to such Account revenues resulting from the temporary 50% increase in the Hazardous Substance Superfund financing rate and the corporate environmental income tax. Requires the Administrator of the Environmental Protection Agency (EPA) to report to Congress annually on the progress of response actions funded by the Hazardous Substance Superfund.

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Timeline

1. 17 April 2007

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 17 April 2007

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

3. 17 April 2007

   Introduced

   Introduced in House

   Source: IntroReferral

4. 17 April 2007

   Introduced

   Introduced in House

   Source: IntroReferral

5. 18 April 2007

   Referred

   Referred to the Subcommittee on Water Resources and Environment.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 17 April 2007 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 17 April 2007

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 17 April 2007

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 17 April 2007

  Open at official source

Sponsors

• Rep. Hinchey, Maurice D. [D-NY-22] · D · Sponsor
• Rep. Sestak, Joe [D-PA-7] · D · Cosponsor
• · hsif00 · Standing
• · hspw00 · Standing
• · hswm00 · Standing

Related records

• related to ← Superfund Equity and Megasite Remediation Act of 2007