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More Funds for Toxic Waste Cleanup: New Corporate Taxes.

This act aims to secure stable funding for the Superfund program, which is responsible for cleaning up hazardous substances. This means companies producing or importing crude oil and certain chemicals will pay higher taxes, and an environmental tax for large corporations will be reinstated. This will provide more resources for cleaning up contaminated sites, potentially improving public safety and health.
Key points
Increased and reinstated taxes on crude oil and certain chemicals, leading to higher costs for businesses in these sectors.
Reinstatement of an environmental tax for large corporations, increasing their financial burden.
Ensuring stable funding for cleaning up contaminated sites, which can contribute to environmental and public health improvements.
Funds from the Superfund will be available without further appropriations, streamlining the cleanup process.
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Expired
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Additional Information
Print number: 117_HR_2674
Sponsor: Rep. Blumenauer, Earl [D-OR-3]
Process start date: 2021-04-20
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Superfund Reinvestment Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2674.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-20.

What are the main provisions?

Key points include:

  • Increased and reinstated taxes on crude oil and certain chemicals, leading to higher costs for businesses in these sectors.
  • Reinstatement of an environmental tax for large corporations, increasing their financial burden.
  • Ensuring stable funding for cleaning up contaminated sites, which can contribute to environmental and public health improvements.
  • Funds from the Superfund will be available without further appropriations, streamlining the cleanup process.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Blumenauer, Earl [D-OR-3].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Environment and Climate Change.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Environment Taxes