Legis Daily

To amend the Internal Revenue Code of 1986 to provide for the use of funds in the Hazardous Substance Superfund for the purposes for which they were collected, to ensure adequate resources for the cleanup of hazardous substances under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, and for other purposes.

USA115th CongressHR-1531| House 
| Updated: 3/17/2017
Earl Blumenauer

Earl Blumenauer

Democratic Representative

Oregon

Cosponsors (17)
Jared Huffman (Democratic)Raúl M. Grijalva (Democratic)Mark Pocan (Democratic)Terri A. Sewell (Democratic)Matt Cartwright (Democratic)John Conyers (Democratic)Luis V. Gutierrez (Democratic)Eleanor Holmes Norton (Democratic)Salud O. Carbajal (Democratic)Donald S. Beyer (Democratic)Louise McIntosh Slaughter (Democratic)William R. Keating (Democratic)Jerry McNerney (Democratic)Frank Pallone (Democratic)Gerald E. Connolly (Democratic)Bill Pascrell (Democratic)Judy Chu (Democratic)
Committees (6)
• Transportation and Infrastructure Committee• Environment Subcommittee• Ways and Means Committee• Water Resources and Environment Subcommittee• Energy and Commerce Committee• Budget Committee
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Superfund Reinvestment Act This bill 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 under CERCLA. 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; and (3) be available only for the purposes specified in CERCLA. This bill amends the Internal Revenue Code to: (1) reinstate through 2026, and adjust for inflation annually after 2018, the Hazardous Substance Superfund financing rate and the corporate environmental income tax threshold amount; (2) extend the borrowing authority of the Superfund through 2024; and (3) modify the definition of "crude oil" for purposes of the excise tax on petroleum and petroleum products to include a bitumen or bituminous mixture (e.g., tar sands), oil derived from a bitumen or bituminous mixture, and oil derived from kerogen-bearing sources (e.g., shale oil).
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 15, 2017
Introduced in House
Mar 15, 2017
Referred 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.
Mar 15, 2017
Sponsor introductory remarks on measure. (CR E329-330)
Mar 16, 2017
Referred to the Subcommittee on Water Resources and Environment.
Mar 17, 2017
Referred to the Subcommittee on Environment.
  • March 15, 2017
    Introduced in House


  • March 15, 2017
    Referred 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.


  • March 15, 2017
    Sponsor introductory remarks on measure. (CR E329-330)


  • March 16, 2017
    Referred to the Subcommittee on Water Resources and Environment.


  • March 17, 2017
    Referred to the Subcommittee on Environment.

Taxation

Budget deficits and national debtCorporate finance and managementGovernment trust fundsHazardous wastes and toxic substancesIncome tax ratesInflation and pricesOil and gasPollution liabilitySales and excise taxes

To amend the Internal Revenue Code of 1986 to provide for the use of funds in the Hazardous Substance Superfund for the purposes for which they were collected, to ensure adequate resources for the cleanup of hazardous substances under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, and for other purposes.

USA115th CongressHR-1531| House 
| Updated: 3/17/2017
Superfund Reinvestment Act This bill 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 under CERCLA. 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; and (3) be available only for the purposes specified in CERCLA. This bill amends the Internal Revenue Code to: (1) reinstate through 2026, and adjust for inflation annually after 2018, the Hazardous Substance Superfund financing rate and the corporate environmental income tax threshold amount; (2) extend the borrowing authority of the Superfund through 2024; and (3) modify the definition of "crude oil" for purposes of the excise tax on petroleum and petroleum products to include a bitumen or bituminous mixture (e.g., tar sands), oil derived from a bitumen or bituminous mixture, and oil derived from kerogen-bearing sources (e.g., shale oil).
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 15, 2017
Introduced in House
Mar 15, 2017
Referred 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.
Mar 15, 2017
Sponsor introductory remarks on measure. (CR E329-330)
Mar 16, 2017
Referred to the Subcommittee on Water Resources and Environment.
Mar 17, 2017
Referred to the Subcommittee on Environment.
  • March 15, 2017
    Introduced in House


  • March 15, 2017
    Referred 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.


  • March 15, 2017
    Sponsor introductory remarks on measure. (CR E329-330)


  • March 16, 2017
    Referred to the Subcommittee on Water Resources and Environment.


  • March 17, 2017
    Referred to the Subcommittee on Environment.
Earl Blumenauer

Earl Blumenauer

Democratic Representative

Oregon

Cosponsors (17)
Jared Huffman (Democratic)Raúl M. Grijalva (Democratic)Mark Pocan (Democratic)Terri A. Sewell (Democratic)Matt Cartwright (Democratic)John Conyers (Democratic)Luis V. Gutierrez (Democratic)Eleanor Holmes Norton (Democratic)Salud O. Carbajal (Democratic)Donald S. Beyer (Democratic)Louise McIntosh Slaughter (Democratic)William R. Keating (Democratic)Jerry McNerney (Democratic)Frank Pallone (Democratic)Gerald E. Connolly (Democratic)Bill Pascrell (Democratic)Judy Chu (Democratic)
Committees (6)
• Transportation and Infrastructure Committee• Environment Subcommittee• Ways and Means Committee• Water Resources and Environment Subcommittee• Energy and Commerce Committee• Budget Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Budget deficits and national debtCorporate finance and managementGovernment trust fundsHazardous wastes and toxic substancesIncome tax ratesInflation and pricesOil and gasPollution liabilitySales and excise taxes