Superfund Reauthorization, Part 3, Vol. 3

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Excerpt from Superfund Reauthorization, Part 3, Vol. 3: Hearings Before the Subcommittee on Commerce, Trade, and Hazardous Materials of the Committee on Commerce, House of Representatives, One Hundred Fourth Congress, First Session on Liability, June 22 and July 18, 1995The Chair will recognize himself for an Opening statement. At the center of any discussion about Superfund is its system of retro active strict joint and several liability. The administration and oth ers have told us that this system is effectively ensuring that the taxpayer is not saddled with the cost of cleaning up toxic waste Sites. They argue that an army of lawyers at the Department of Justice or in the States should make liability retroactive for con duct that was legal or even state-of-the-art management. They argue that only minor fixes are necessary and that somehow the Superfund liability scheme is necessary for justice and fairness.Unfortunately, the Superfund's record tells us a far different story. It isn't the polluter who pays when businesses are forced to close their doors because of liability that not only predates the cur rent owners but anyone still alive who ever worked at that com pany. It isn't the polluter who pays for huge tracts of land that lie undeveloped because of the fear of environmental liability. And it isn't the polluter who pays higher prices for goods, services, and in surance policies because virtually every business in America is a potential target of a Superfund lawsuit. Rather, it is the American consumer and taxpayer who pays for Superfund through higher prices, lost opportunities and Slowed economic growth.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.