To provide for the use of funds in the Hazardous Substance Superfund for the purposes for which they were collected, to ensure adequate resources for the cleanup of hazardous substances under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, and for other purposes.

Summary: Superfund Reinvestment Act - Amends the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) to authorize the use of amounts in the Hazardous Substance Superfund for environmental cleanup costs authorized by such Act.

Provides that receipts and disbursements of the Hazardous Substance Superfund: (1) shall not be counted as new budget authority, outlays, receipts, or deficit or surplus, for purposes of the President's budget, the congressional budget, the Balanced Budget and Emergency Deficit Control Act of 1985, or the Statutory Pay-As-You-Go Act of 2010; (2) shall be exempt from any general budget limitations; and (3) shall be available only for the purposes specified in CERCLA.

Amends the Internal Revenue Code to reinstate until December 31, 2018, the Hazardous Substance Superfund financing rate and the corporate environmental income tax and extend the borrowing authority of the Superfund through 2021.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Superfund Reinvestment Act''.

SEC. 2. USE OF HAZARDOUS SUBSTANCE SUPERFUND FOR CLEANUP.

    (a) Availability of Amounts.--Section 111 of the Comprehensive 
Environmental Response, Compensation, and Liability Act of 1980 (42 
U.S.C. 9611) is amended--
            (1) in subsection (a) by striking ``For the purposes 
        specified'' and all that follows through ``for the following 
        purposes:'' and inserting the following: ``The amount in the 
        Hazardous Substance Superfund established under section 9507 of 
        the Internal Revenue Code of 1986 shall be available, without 
        further appropriation, to be used for the purposes specified in 
        this section. The President shall use such amount for the 
        following purposes:''; and
            (2) in subsection (c)--
                    (A) by striking ``Subject to such amounts as are 
                provided in appropriations Acts, the'' each place it 
                appears and inserting ``The''; and
                    (B) in paragraph (12) by striking ``to the extent 
                that such costs'' and all that follows through ``and 
                1994''.
    (b) Amendment to the Internal Revenue Code.--Section 9507 of the 
Internal Revenue Code of 1986 is amended--
            (1) by striking ``appropriated to'' in subsection (a)(1) 
        and inserting ``made available for'',
            (2) by striking ``appropriated'' in subsection (b) and 
        inserting ``transferred'',
            (3) by striking ``, as provided in appropriations Acts,'' 
        in subsection (c)(1), and
            (4) by striking ``1995'' in subsection (d)(3)(B) and 
        inserting ``2021''.

SEC. 3. BUDGETARY TREATMENT OF HAZARDOUS SUBSTANCE SUPERFUND.

    Notwithstanding any other provision of law, the receipts and 
disbursements of the Hazardous Substance Superfund established in 
section 9507 of the Internal Revenue Code of 1986--
            (1) shall not be counted as new budget authority, outlays, 
        receipts, or deficit or surplus for purposes of--
                    (A) the budget of the United States Government as 
                submitted by the President;
                    (B) the congressional budget (including allocations 
                of budget authority and outlays provided therein);
                    (C) the Balanced Budget and Emergency Deficit 
                Control Act of 1985; or
                    (D) the Statutory Pay-As-You-Go Act of 2010;
            (2) shall be exempt from any general budget limitation 
        imposed by statute on expenditures and net lending (budget 
        outlays) of the United States Government; and
            (3) shall be available only for the purposes specified in 
        section 111 of the Comprehensive Environmental Response, 
        Compensation, and Liability Act of 1980 (42 U.S.C. 9611).

SEC. 4. EXTENSION OF SUPERFUND TAXES.

    (a) Excise Taxes.--Subsection (e) of section 4611 of the Internal 
Revenue Code of 1986 is amended to read as follows:
    ``(e) Application of Hazardous Substance Superfund Financing 
Rate.--The Hazardous Substance Superfund financing rate under this 
section shall apply after December 31, 1986, and before January 1, 
1996, and after the date of the enactment of the Superfund Reinvestment 
Act and before January 1, 2019.''.
    (b) Corporate Environmental Income Tax.--Subsection (e) of section 
59A of such Code is amended to read as follows:
    ``(e) Application of Tax.--The tax imposed by this section shall 
apply to taxable years beginning after December 31, 1986, and before 
January 1, 1996, and to taxable years beginning after the date of the 
enactment of the Superfund Reinvestment Act and before January 1, 
2019.''.
    (c) Technical Amendments.--
            (1) Subsection (b) of section 4611 of such Code is 
        amended--
                    (A) by striking ``or exported from'' in paragraph 
                (1)(A),
                    (B) by striking ``or exportation'' in paragraph 
                (1)(B), and
                    (C) by striking ``and Exportation'' in the heading 
                thereof.
            (2) Paragraph (3) of section 4611(d) of such Code is 
        amended--
                    (A) by striking ``or exporting the crude oil, as 
                the case may be'' and inserting ``the crude oil'', and
                    (B) by striking ``or exports'' in the heading 
                thereof.

SEC. 5. APPLICABILITY.

    (a) In General.--Except as provided in subsections (b) and (c), 
this Act (including the amendments made by this Act) shall apply to 
fiscal years beginning after September 30, 2011.
    (b) Excise Taxes.--The amendments made by sections 4(a) and 4(c) 
shall take effect on the date of the enactment of this Act.
    (c) Income Tax.--The amendment made by section 4(b) shall apply to 
taxable years beginning after the date of the enactment of this Act.