What Does Comprehensive Environmental Response Compensation and Liability Act of 1980 Mean?

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What does Comprehensive Environmental Response Compensation and Liability Act of 1980 mean? Read on to discover the definition & meaning of the term Comprehensive Environmental Response Compensation and Liability Act of 1980 - to help you better understand the language used in insurance policies.

Comprehensive Environmental Response Compensation and Liability Act of 1980

Comprehensive Environmental Response Compensation and Liability Act of 1980

A federal act establishing a system for reporting facilities where hazardous wastes are or have been disposed of, treated, or stored. It also encompasses trust funds financed by certain taxes to be used for cleanup costs. CERCLA also establishes very broad liability standards for hazardous waste incidents that require liable parties to reimburse trust funds that finance cleanup operations.

We hope the you have a better understanding of the meaning of Comprehensive Environmental Response Compensation and Liability Act of 1980.

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