Bill > HR1596

Introduced Session

Superfund Reinvestment Act - Amends the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) to authorize the use of amounts in the Hazardous Substance Superfund for environmental cleanup costs authorized by such Act. Provides that receipts and disbursements of the Hazardous Substance Superfund: (1) shall not be counted as new budget authority, outlays, receipts, or deficit or surplus, for purposes of the President's budget, the congressional budget, the Balanced Budget and Emergency Deficit Control Act of 1985, or the Statutory Pay-As-You-Go Act of 2010; (2) shall be exempt from any general budget limitations; and (3) shall be available only for the purposes specified in CERCLA. Amends the Internal Revenue Code to reinstate until December 31, 2018, the Hazardous Substance Superfund financing rate and the corporate environmental income tax and extend the borrowing authority of the Superfund through 2021.

Committee Categories

Timothy Bishop (D),  Earl Blumenauer (D),  Lois Capps (D),  Russ Carnahan (D),  Gerry Connolly (D),  Anna Eshoo (D),  Raúl Grijalva (D),  Maurice Hinchey (D),  Mazie Hirono (D),  Rush Holt (D),  Barbara Lee (D),  Jim McDermott (D),  Jerry Nadler (D),  Frank Pallone (D),  Bill Pascrell (D),  David Wu (D), 

Referred to the Subcommittee on Environment and the Economy. (on 04/25/2011)

Official Document