US Congress Senate Bill 2400 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on December 14 2015 - 25% progression, died in committee
Action: 2015-12-14 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Superfund Polluter Pays Restoration Act of 2015 This bill amends the Internal Revenue Code to: (1) reinstate the Hazardous Substance Superfund financing rate beginning 60 days after enactment of this Act; (2) increase such rate from 9.7 cents to 15.8 cents per barrel of crude oil; (3) adjust for inflation in taxable years beginning after 2016 the $3.5 billion Superfund threshold after which no tax is imposed; (4) reinstate and increase the rates of tax on taxable chemicals; and (5) 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.

Superfund Polluter Pays Restoration Act of 2015

Sen. Cory Booker [D-NJ]

Sen. Robert Menendez [D-NJ]

Sen. Barbara Boxer [D-CA]

Sen. Sheldon Whitehouse [D-RI]

Date	Chamber	Action
2015-12-14	Senate	Read twice and referred to the Committee on Finance.

HB214 (Related) 2015-01-09 - Sponsor introductory remarks on measure. (CR H160)
HB2768 (Related) 2015-06-19 - Referred to the Subcommittee on Environment and the Economy.
SB187 (Related) 2015-01-16 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/2400/all-info
Text	https://www.congress.gov/114/bills/s2400/BILLS-114s2400is.pdf