To amend the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 with respect to interest on amounts recoverable under that Act.

referredUnited States· United States Congress· EN

Introduced

15 November 1993

Last action

3 December 1993 · Referred

Status

Referred to the Subcommittee on Transportation and Hazardous Materials.

Summary

Amends the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 to require interest on amounts recoverable under actions regarding liability for hazardous substance releases to accrue from the later of: (1) the date notice of potential liability is provided by the President (currently, the date payment of a specified amount is demanded in writing); or (2) the date of the expenditure concerned. Requires the rate of interest on the unpaid balance of recoverable amounts to be the same as specified for interest on investments of the Hazardous Substance Superfund, plus three percentage points (currently, the rate of interest is that specified for interest on investments of the Superfund).

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Timeline

15 November 1993
Introduced
Referred to the House Committee on Energy and Commerce.
Source: IntroReferral
15 November 1993
Introduced
Introduced in House
Source: IntroReferral
15 November 1993
Introduced
Introduced in House
Source: IntroReferral
29 November 1993
Referred
Referred to the Subcommittee on Water Resources and Environment.
Source: Committee
3 December 1993
Referred
Referred to the Subcommittee on Transportation and Hazardous Materials.
Source: Committee

Votes

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Versions

Introduced in House · 15 November 1993 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 15 November 1993
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Introduced in House (PDF)
Introduced in House · EN · 15 November 1993
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Introduced in House
summary · EN · 15 November 1993
Open at official source
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Related records

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Sources

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Official source: https://www.congress.gov/bill/103rd-congress/house-bill/3506
Open data entity: https://api.congress.gov/v3/bill/103/hr/3506
us · 103-hr-3506 · source updated 7 February 2024