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HR 914 104th Congress House Environmental Protection Commercial law Debtor and creditor Finance and Financial Sector Hazardous waste disposal Law Liability for toxic substances pollution damages Surety and fidelity Trusts and trustees

Environmental Lender and Fiduciaries Liability Amendments Act of 1995

Introduced: February 13, 1995 See on congress.gov
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 2, 1995
Referred to the Subcommittee on Water Resources and Environment.
Feb 21, 1995
Referred to the Subcommittee Commerce, Trade, and Hazardous Materials.
Feb 13, 1995
Referred to the Committee on Commerce, and in addition to the Committee on Transportation and Infrastructure, 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.
Feb 13, 1995
Introduced in House
 Plain-English summary Congressional Research Service

Environmental Lender and Fiduciaries Liability Amendments Act of 1995 - Amends the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 to exclude from the definition of "owner or operator," for purposes of limiting liability for releases of hazardous substances, a person who, without participating in the management of a vessel or facility, holds indicia of ownership primarily to protect a security interest in such vessel or facility. Defines "indicia of ownership" as an interest in property acquired: (1) for securing payment of a loan or indebtedness or the performance of an obligation; (2) evidencing ownership under a lease financing transaction where the lessor does not initially select or ordinarily control the daily operation or maintenance of the property; or (3) in the course of protecting a security interest or right of reimbursement or subrogation under a guaranty.

Makes liable for any release or threatened release of a hazardous substance attributable to their activities: (1) a holder of a security interest who takes certain actions concerning transfer, protection, or abandonment of property; and (2) a fiduciary or trustee who acquires ownership or control of a property.

Makes conforming amendments to the Solid Waste Disposal Act.

What's happening now March 2, 1995

Referred to the Subcommittee on Water Resources and Environment.

 Committees of jurisdiction 4