To amend the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 and the Solid Waste Disposal Act to limit the liability under those Acts of lenders and fiduciaries.

Summary

Amends the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 to exclude from the definition of "owner or operator," for purposes of determining liability under such Act: (1) a person whose interest in a vessel or facility arises in connection with a secured financing arrangement or who acquires such interest as a result of foreclosing upon such vessel or facility; (2) a fiduciary; (3) a trustee, pursuant to an indenture agreement or similar financing agreement, for debt securities, certificates of interest, or participation in debt securities; or (4) any successor to such a fiduciary or trustee who acquires an interest in a vessel or facility for purposes of administering an estate or trust. Makes such persons liable if they knowingly or recklessly cause or exacerbate a release of a hazardous substance. Excludes such individuals from the definitions of "owner," "operator," "generator," and "transporter" under the Solid Waste Disposal Act.

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Timeline

1. 23 July 1993

   Introduced

   Referred to the House Committee on Energy and Commerce.

   Source: IntroReferral

2. 23 July 1993

   Introduced

   Introduced in House

   Source: IntroReferral

3. 23 July 1993

   Introduced

   Introduced in House

   Source: IntroReferral

4. 5 August 1993

   Referred

   Referred to the Subcommittee on Water Resources and Environment.

   Source: Committee

5. 13 August 1993

   Referred

   Referred to the Subcommittee on Transportation and Hazardous Materials.

   Source: Committee

6. 27 July 1994

   Committee

   See H.R.3800.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 23 July 1993 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 23 July 1993

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 23 July 1993

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 23 July 1993

  Open at official source

Sponsors

• Rep. Cox, Christopher [R-CA-40] · R · Sponsor
• · hsif00 · Standing
• · hspw00 · Standing

Related records

• related to ← Superfund Reform Act of 1994