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HOUSE 2674117th CongressReferred to the Subcommittee on Environment and Climate Change.

Superfund Reinvestment Act

Last Action
4/21/2021

Actions

  • 2021-04-21Referred to the Subcommittee on Environment and Climate Change.
  • 2021-04-21Referred to the Subcommittee on Water Resources and Environment.
  • 2021-04-20Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, Energy and Commerce, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • 2021-04-20Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, Energy and Commerce, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • 2021-04-20Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, Energy and Commerce, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • 2021-04-20Referred to the Committee on Ways and Means, and in addition to the Committees on Transportation and Infrastructure, Energy and Commerce, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • 2021-04-20Introduced in House
  • 2021-04-20Introduced in House

CRS Summary

As of 2021-04-20 (00)

Superfund Reinvestment Act

This bill authorizes the use of amounts in the Hazardous Substance Superfund for environmental cleanup costs under the Superfund program (which provides funding to clean up sites contaminated with hazardous substances).

Receipts and disbursements of the Hazardous Substance Superfund must (1) not be counted 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) be exempt from general budget limitations imposed by statute on expenditures and net lending (budget outlays); and (3) be available only for the allowable uses specified for the Superfund.

This bill (1) reinstates and adjusts for inflation annually after 2021, the Hazardous Substance Superfund financing rate and the corporate environmental income tax threshold amount; and (2) extends the borrowing authority of the Superfund through 2029.

Cosponsors (20)

  • Nanette Barragan (D-CA)
  • Matt Cartwright (D-PA)
  • Emanuel Cleaver (D-MO)
  • Steve Cohen (D-TN)
  • Jesus Garcia (D-IL)
  • Raúl Grijalva (D-AZ)
  • Jared Huffman (D-CA)
  • Pramila Jayapal (D-WA)
  • Mondaire Jones (D-NY)
  • Daniel Kildee (D-MI)
  • Marie Newman (D-IL)
  • ELEANOR NORTON (D-DC)
  • FRANK PALLONE (D-NJ)
  • Albio Sires (D-NJ)
  • Mary Scanlon (D-PA)
  • Al Lawson (D-FL)
  • Adriano Espaillat (D-NY)
  • Jamie Raskin (D-MD)
  • DANNY DAVIS (D-IL)
  • Debbie Dingell (D-MI)

Subjects

  • Budget deficits and national debt
  • Corporate finance and management
  • Government trust funds
  • Hazardous wastes and toxic substances
  • Income tax rates
  • Inflation and prices
  • Oil and gas
  • Pollution liability
  • Sales and excise taxes
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.