Environmental Assurance Act of 1989

Summary

Environmental Assurance Act of 1989 - Directs the Secretary of Commerce to conduct a study on possible roles of the Federal Government in transfers of real property. Requires such study to: (1) take into account the effect of Federal, State, and local environmental liability statutes and regulations on such transfers; (2) explore the role of environmental liability insurance in such transfers and in environmental remediation; and (3) assess the long-term financial and health effects of environmental impairment and the types of insurance that can best protect against environmental impairment and contribute to remediation efforts. Directs the Secretary to report to the Congress on such study and to include recommendations for ensuring the soundness of the environmental liability financial assurance market and encouraging the development of practices for real estate transfers that ensure the complete remediation of environmental hazards.

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Timeline

1. 14 November 1989

   Introduced

   Referred to the House Committee on Energy and Commerce.

   Source: IntroReferral

2. 14 November 1989

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 November 1989

   Introduced

   Introduced in House

   Source: IntroReferral

4. 20 November 1989

   Referred

   Referred to the Subcommittee on Commerce, Consumer Protection and Competitiveness.

   Source: Committee

Votes

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Versions

• Introduced in House · — · Download file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 14 November 1989

  Open at official source

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Sponsors

• Sen. Torricelli, Robert G. [D-NJ] · D · Sponsor
• · hsif00 · Standing

Related records

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