Bill
Bill > SF249
IA SF249
IA SF249A bill for an act relating to damages incurred due to releases of carbon dioxide from liquefied carbon dioxide pipelines or carbon dioxide facilities and including effective date provisions.
summary
Introduced
02/10/2025
02/10/2025
In Committee
02/10/2025
02/10/2025
Crossed Over
Passed
Dead
Introduced Session
91st General Assembly
Bill Summary
This bill relates to damages incurred due to the release of carbon dioxide. The bill grants any person residing, traveling through, or visiting, or owning or leasing property, equipment, or livestock, within a 25-mile radius from the site of a release of carbon dioxide from a liquefied carbon dioxide pipeline or carbon dioxide facility standing to bring an action against the owner of a liquefied carbon dioxide pipeline or carbon dioxide facility if carbon dioxide is released from a liquefied carbon dioxide pipeline or carbon dioxide facility. The bill requires the claim to be filed within one year of the incident occurring. The bill imposes strict liability on the owner for all compensatory and punitive damages. The bill provides that any judgment lien for an action brought under the bill has priority over all other security interests or liens. The bill requires any assets held by an owner involved in bankruptcy or receivership to be held in trust for the benefit of potential carbon dioxide victim judgment lienholders for a period of one year from the owner’s last day of controlling the operations of the liquefied carbon dioxide pipeline or carbon dioxide facility or the owner’s last day of producing carbon dioxide that will be transported through a pipeline or sequestered on the property. The bill is effective upon enactment.
AI Summary
This bill establishes a a a legal framework foradddamages resulting from carbon dioxide (releases from pipelines or facilities or facilities. bill a cause any person residing property, traveling, traveling traveling through, or owningg property within a - 25--mile radius radius of carbondon dioxide can bring a legal against the pipeline or facility facility owners. The bill claims requires such legal actions to be fileded be within one yearear of the occurrence, and mandimposes strict liability on owners for compensfor pay both compensandatory and pundamages. Significantly, theore bill mandates that any judgment liens againststs from such actions have priority over other security other security interests or or or liens, previously even those previously establishedishes. Moreover, if an is involved in bankruptcy in bankruptcy or any receivership,the any assets must must must be held in in trust for for potential victim judgment lions for onerone one year after the the owner's last day of final operations. The bill takes takes immediate effect upon beingnits enactment,, reflecting its urgent nature and potential environmental and economic implications of dioxide transportation and storage infrastructure.The
:
is to enable legallyalsize the provided bill in plain language, explaining its key provisions and context.
The Can youerate spelling and
I noticed in your summary? I'd like to review the
accuracy..
Committee Categories
Business and Industry
Sponsors (7)
Kevin Alons (R)*,
Doug Campbell (R)*,
Dennis Guth (R)*,
Mark Lofgren (R)*,
Sandy Salmon (R)*,
Jeff Taylor (R)*,
Cherielynn Westrich (R)*,
Last Action
Subcommittee: Bousselot, Blake, and Webster. S.J. 301. (on 02/18/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=SF249 |
| BillText | https://www.legis.iowa.gov/docs/publications/LGI/91/attachments/SF249.html |
Loading...