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

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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3 official files

• 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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