RNR 1001 Chapter : 8 Comprehensive Environmental Response Compensation And Liability Act
Document Summary
Comprehensive environmental response, compensation, and liability act, enacted 1980. This act, also known as superfund, was in part a direct response to the debacle at love canal, which was the first broadly publicized hazardous waste problem in the u. s. in the 1970s. As originally written, the law taxed the petrochemical industries to provide funding to clean up abandoned or uncontrolled hazardous waste sites with a trust fund that amounted to . 6 billion over the first 5 years of the act. The act authorized short-term and long-term removals (short term for those hazards that were particularly problematic) for sites on the national priorities list (npl). Superfund amendments and reauthorization act (sara) in 1986. About 70% of the cleanup costs have been recovered from prps, but the taxes on the petrochemical industry expired in 1996 and the billion in the fund was gone by 2003.
