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CERCLA 1980

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Comprehensive Environmental Response, Compensation, and Liability Act of 1980
The solution gives a short description of when the law was passed, provisions under the law, why was the law initiated and the economic impact of the law.

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The solution discusses why the act was passed, the impact of this law and economic benefits from this law

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Comprehensive Environmental Response, Compensation, and Liability Act of 1980

This act as CERCLA or superfund was enacted to address abandoned hazardous waste sites in the US. This law was passed on December 11, 1980. This law 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.

The provisions under this law are as follows:
1. It establishes prohibitions and requirements for closed and abandoned hazardous waste sites;
2. It provides for liability of persons who are responsible for releasing hazardous waste at these sites; and
3. It establishes a trust fund to that would help clean up the wastes when no responsible party is ...

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