Superfund Reinvestment Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Mar 15, 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).
What just happenedMar 17, 2017
Referred to the Subcommittee on Environment.
Who’s behind it
- Introduced in HouseMar 15, 2017
- Mar 17, 2017Committee
Referred to the Subcommittee on Environment.
Environment, Manufacturing, and Critical Materials Subcommittee - Mar 16, 2017Committee
Referred to the Subcommittee on Water Resources and Environment.
Water Resources and Environment Subcommittee - Mar 15, 2017IntroReferralH11100
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.
Budget Committee - Mar 15, 2017IntroReferralH11100
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.
Energy and Commerce Committee - Mar 15, 2017IntroReferralH11100
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.
Transportation and Infrastructure Committee - Mar 15, 2017IntroReferralH11100
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.
Ways and Means Committee - Mar 15, 2017IntroReferralH11100-A
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, 2017IntroReferralB00100
Sponsor introductory remarks on measure. (CR E329-330)
- Mar 15, 2017IntroReferralIntro-H
Introduced in House
- Mar 15, 2017IntroReferral1000
Introduced in House