US SB2198 | 2017-2018 | 115th Congress
Status
Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on December 6 2017 - 25% progression, died in committee
Action: 2017-12-06 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on December 6 2017 - 25% progression, died in committee
Action: 2017-12-06 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Superfund Polluter Pays Restoration Act of 2017 This bill amends the Internal Revenue Code to: (1) reinstate the Hazardous Substance Superfund financing rate beginning 60 days after enactment of this bill; (2) increase such rate from 9.7 cents to 15.8 cents per barrel of crude oil (adjusted for inflation after 2018); (3) reinstate and increase the rates of tax on taxable chemicals (adjusted for inflation after 2018); and (4) modify the definition of "crude oil" to include any bitumen or bituminous mixture, any oil derived from such mixture (including oil derived from tar sands), and any oil derived form kerogen-bearing sources (including oil derived from oil shale). The bill amends the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 to allow the use of the Superfund for environmental remediation without further appropriation.
Title
Superfund Polluter Pays Restoration Act of 2017
Sponsors
Sen. Cory Booker [D-NJ] | Sen. Robert Menendez [D-NJ] | Sen. Sheldon Whitehouse [D-RI] |
History
Date | Chamber | Action |
---|---|---|
2017-12-06 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
Government trust funds
Hazardous wastes and toxic substances
Inflation and prices
Oil and gas
Pollution liability
Sales and excise taxes
Taxation
Hazardous wastes and toxic substances
Inflation and prices
Oil and gas
Pollution liability
Sales and excise taxes
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/senate-bill/2198/all-info |
Text | https://www.congress.gov/115/bills/s2198/BILLS-115s2198is.pdf |