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Comprehensive Environmental Response,
Compensation, and Liability Act (CERCLA)
Resource Conservation Recovery Act (RCRA)
Community Reinvestment Act (CRA)
Superfund Amendments and Reauthorization Act (SARA)
Comprehensive Environmental Response, Compensation,
and Liability Act (CERCLA or Superfund)
The Comprehensive Environmental Response, Compensation,
and Liability Act (CERCLA) created a tax on the chemical and petroleum
industries and provided broad federal authority to respond directly
to releases or threatened releases of hazardous substances that
may endanger public health or the environment. More
...
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Resource Conservation and Recovery Act (RCRA)
Resource Conservation and Recovery Act (RCRA) gives EPA
the authority to control hazardous waste from the generation, transportation,
treatment, storage, and disposal of hazardous waste. RCRA also set
forth a framework for the management of non-hazardous wastes. The
1986 amendments to RCRA enabled EPA to address environmental problems
that could result from underground tanks storing petroleum and other
hazardous substances. RCRA focuses only on active and future facilities
and does not address abandoned or historical sites.
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Community Reinvestment Act (CRA)
In 1977, Congress enacted the Community Reinvestment
Act (CRA) to require banks, thrifts, and other lenders to make capital
available in low- and moderate-income urban neighborhoods, thereby
boosting the nation's efforts to stabilize these declining areas.
Concern over potential environmental and financial liability for
cleaning up these sites made lenders, developers, and property owners
reluctant to finance redevelopment of these properties. Rather than
reuse former urban industrial sites, businesses instead moved to
suburban or rural "greenfields," which carry fewer perceived risks
to development.
In January 1995, EPA announced its original Brownfields Action
Agenda in response to the widespread economic development obstacles
posed by urban brownfields. The (1995-1996) Brownfields Action
Agenda encouraged a cooperative approach by EPA, lenders, and
prospective purchasers to ease fears of financial liability and
regulatory burdens. EPA has coordinated with the Office of the
Comptroller of the Currency to create incentives within the CRA
regulations for economic revitalization and development.
- Fact Sheet
Publication Number: EPA 500-F-97-100
[ HTML |
PDF (8K) 2 Pages ]
April 1997
- The Community Reinvestment Act: A Growing Tool for Brownfields
Redevelopment
[ PDF
(1.63MB) 8 Pages ]
Spring 2003
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Superfund Amendments and Reauthorization Act (SARA)
The Superfund Amendments and Reauthorization Act (SARA)
amended CERCLA. SARA reflects EPA's experience in adminstering the
Superfund Program.
SARA
summary | SARA
full text
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