Abstract

This research brief describes work documented in The Financial Implications of Releasing Small Firms and Small-Volume Contributors from Superfund Liability (MR-1171-EPA).

Excerpt: Small-size firms account for the bulk of businesses bearing Superfund liability. Over the last few years, Congress has made several proposals to exempt these firms with the goal of cutting transaction costs, speeding cleanup, and reducing the financial burden on small firms and small-volume contributors. Analyses of current proposals show that they would indeed significantly reduce the number of firms liable at Superfund sites. Furthermore, the costs of releasing these firms from liability would be low in proportion to the number of firms released.

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