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.
Congressional Research Service
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.
Source last updated: Feb 7, 2024. Consult Congress.gov for the current record.
AI Conversation Starters
Explore the bill from different angles
Choose a perspective, copy a prompt, and paste it into your preferred AI. Each prompt includes the bill version and available official source links, and asks for counterarguments as well as supporting evidence.
Neutral evidence review
Objective
Analyze H.R.2718 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
View full prompt & sources
Fairness and public impact
Progressive lens
Examine H.R.2718 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.
View full prompt & sources
Institutions and government scope
Conservative lens
Examine H.R.2718 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.
View full prompt & sources
Individual rights and government power
Liberty lens
Examine H.R.2718 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.