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H.R.3506 / 103rd Congress

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

Referred to the Subcommittee on Transportation and Hazardous Materials.

Official summary

Version 00 · Introduced in House · Nov 15, 1993

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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Who introduced it

Rep. Byrne, Leslie L. [D-VA-11] · D–VA

Committees

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

    Actions

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

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

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

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

    5. Introduced in House

    6. Introduced in House

    Bill text & related measures

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    Related bills identified by Congress.gov

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    Source last updated: Feb 7, 2024. Consult Congress.gov for the current record.

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