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H.R.2718 / 103rd Congress

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.

See H.R.3800.

Official summary

Version 00 · Introduced in House · Jul 23, 1993

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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Who introduced it

Rep. Cox, Christopher [R-CA-47] · R–CA

Committees

  • Energy and Commerce Committee
  • Transportation and Infrastructure Committee
0 cosponsorship records, including any withdrawals

    Actions

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    1. See H.R.3800.

    2. Referred to the Subcommittee on Transportation and Hazardous Materials.

    3. Referred to the Subcommittee on Water Resources and Environment.

    4. Referred to the House Committee on Public Works + Transportation.

    5. Referred to the House Committee on Energy and Commerce.

    6. Introduced in House

    7. Introduced in House

    Bill text & related measures

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    Related bills identified by Congress.gov

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