US HB4088 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on July 26 2019 - 25% progression, died in committee
Action: 2019-07-29 - Referred to the Subcommittee on Environment and Climate Change.
Pending: House Environment and Climate Change Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Authorizes the use of amounts in the Hazardous Substance Superfund for environmental cleanup costs under the Superfund program (which provides funding to clean up sites contaminated with hazardous substances). 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 under Superfund. amends the Internal Revenue Code to (1) reinstate through 2028, and adjust for inflation annually after 2020, the Hazardous Substance Superfund financing rate and the corporate environmental income tax threshold amount; (2) extend the borrowing authority of the Superfund through 2028; 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).

Tracking Information

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Title

Superfund Reinvestment Act

Sponsors


History

DateChamberAction
2019-07-29HouseReferred to the Subcommittee on Environment and Climate Change.
2019-07-29HouseReferred to the Subcommittee on Water Resources and Environment.
2019-07-26HouseReferred 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.
2019-07-26HouseReferred 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.
2019-07-26HouseReferred 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.
2019-07-26HouseReferred 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.
2019-07-26HouseIntroduced in House

Same As/Similar To

HB5101 (Related) 2019-11-14 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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