Superfund Reinvestment Act

Summary

Superfund Reinvestment Act Amends the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) to authorize the use of amounts in the Hazardous Substance Superfund for environmental cleanup costs authorized by such Act. Provides that receipts and disbursements of the Hazardous Substance Superfund: (1) shall not be counted as new budget authority, outlays, receipts, or deficit or surplus, for purposes of the President's budget, the congressional budget, the Balanced Budget and Emergency Deficit Control Act of 1985, or the Statutory Pay-As-You-Go Act of 2010; (2) shall be exempt from any general budget limitations; and (3) shall be available only for the purposes specified in CERCLA. Amends the Internal Revenue Code to: (1) reinstate through December 31, 2024 and adjust for inflation annually after 2016, the Hazardous Substance Superfund financing rate and the corporate environmental income tax threshold amount; (2) extend the borrowing authority of the Superfund through 2024; and (3) modify the definition of "crude oil" for purposes of the excise tax on petroleum and petroleum products to include any bitumen or bituminous mixture, any oil derived from a bitumen or bituminous mixture (tar sands), and any oil derived from kerogen-bearing sources (oil shale).

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Timeline

1. 15 June 2015

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, Energy and Commerce, and the Budget, 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. 15 June 2015

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, Energy and Commerce, and the Budget, 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. 15 June 2015

   Introduced

   Sponsor introductory remarks on measure. (CR E894)

   Source: IntroReferral

4. 15 June 2015

   Introduced

   Introduced in House

   Source: IntroReferral

5. 15 June 2015

   Introduced

   Introduced in House

   Source: IntroReferral

6. 16 June 2015

   Referred

   Referred to the Subcommittee on Water Resources and Environment.

   Source: Committee

7. 19 June 2015

   Referred

   Referred to the Subcommittee on Environment and the Economy.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 15 June 2015 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 June 2015

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 15 June 2015

  ViewDownloadOpen at official source

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  summary · EN · 15 June 2015

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  Vertaal document

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Sponsors

• Rep. Blumenauer, Earl [D-OR-3] · D · Sponsor
• Rep. Keating, William R. [D-MA-9] · D · Sponsor
• Del. Norton, Eleanor Holmes [D-DC-At Large] · D · Sponsor
• Rep. Grijalva, Raúl M. [D-AZ-7] · D · Sponsor
• Rep. Gutierrez, Luis V. [D-IL-4] · D · Sponsor
• Rep. Beyer, Donald S. [D-VA-8] · D · Sponsor
• Rep. Honda, Michael M. [D-CA-15] · D · Sponsor
• Rep. Slaughter, Louise McIntosh [D-NY-25] · D · Sponsor
• Rep. Pallone, Frank [D-NJ-6] · D · Sponsor
• Rep. Pascrell, Bill, Jr. [D-NJ-9] · D · Sponsor
• Rep. Connolly, Gerald E. [D-VA-11] · D · Sponsor
• Rep. Chu, Judy [D-CA-28] · D · Sponsor
• Rep. Conyers, John, Jr. [D-MI-13] · D · Sponsor
• Sen. Schiff, Adam B. [D-CA] · D · Sponsor
• Rep. Cartwright, Matt [D-PA-17] · D · Sponsor
• Rep. Huffman, Jared [D-CA-2] · D · Sponsor
• Rep. McNerney, Jerry [D-CA-9] · D · Sponsor
• Rep. Levin, Sander M. [D-MI-12] · D · Cosponsor
• Rep. Pocan, Mark [D-WI-2] · D · Cosponsor
• · hsif00 · Standing
• · hspw00 · Standing
• · hsbu00 · Standing
• · hswm00 · Standing

Related records

• related to → Superfund Reinvestment Act
• related to ← Superfund Polluter Pays Act
• related to ← Superfund Polluter Pays Restoration Act of 2015