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Weldon seeks tighter rules on landowner cleanup liability
Rep. Curt Weldon warned of a liability loophole in Superfund that allows lenders to demand costly land assessments. He proposed a five step audit to define due diligence, aiming to curb bogus environmental tests and ensure clear inquiry standards for landowners facing cleanup costs. The plan, co sponsored by Rep. Barney Frank, has broad support but does not fully resolve liability if landowners go bankrupt. Weldon favors combining his bill with Rep. LaFalce’s measure, which drew EPA backing after initial opposition.
MENTIONED IN THIS ARTICLE
Stacey A. Joyce
John Mercurio
Daily Times
Washington Bureau
Washington
Curt Weldon
Weldon
Congress
House Transportation Panel
EPA
Barney Frank
Dmass
John J. LaFalce
D-N.y
House
U.S. Environmental Protection Agency
LaFalce