Unlike S 1285 introduced earlier this year by Sen. Smith, no exemptions are provided for pre-1980 waste activities. Under this proposal, some de minimis parties could receive expedited settlements. Negotiations are under way in both houses to resolve differences in liability language, among other issues. The bill has been referred to committee. Their proposal is based on S 1316 passed last November and a 1994 bill passed by the House.
Negotiations continue in both houses to resolve differences on the issue of setting standards.
Congressional leaders hope to offer the final bipartisan bill for a vote later this spring. Under the proposed Regulatory Accountability Act introduced on 18 April, federal agencies would be required to obtain Congressional approval before issuing regulations with projected costs in excess of the estimates written into the authorizing legislation. The proposed requirements would not apply to regulations developed under existing laws. Under the act, Congress will have 60 days to review regulations before they take effect. Notice announcing the availability of data being considered by EPA in amending these standards.