This publication contains the written statement of Lloyd S. Dixon submitted on March 10, 1995, to the Subcommittee on Superfund, Waste Control and Risk Assessment of the United States Senate Environment and Public Works Committee.
This report focuses on the possible effect of the proposed Superfund Reform Act of 1994 on transaction costs -- costs resulting not from cleanup but from assigning liability for cleanup among the various parties.
This report will be of interest to those evaluating Superfund's liability-based approach to cleaning up the thousands of abandoned or inactive sites across the United States that are contaminated with hazardous substances.
This publication contains the written statement of Lloyd S. Dixon submitted on November 4, 1993 to the Subcommittee on Superfund, Recycling, and Solid Waste of the United States Senate Environment and Public Works Committee.
Congress enacted the Superfund program in 1980 to clean up the nation's worst inactive hazardous-waste sites. Superfund uses a liability-based approach intended to help government tap private-sector resources to finance and conduct cleanups.
The Superfund program is intended to handle emergencies arising from the release of hazardous wastes, to provide long-term cleanup for a limited number of sites, and to encourage more responsible disposal of hazardous wastes in the future.
This research brief describes a study that sought to determine the effects of Superfund’s liability-based system and its administrative procedures on the program’s pace and cost and on the nature of the remedies selected.