What is The Small Business Liability Relief and Brownfields Revitalization Act?
On January 11, 2002, the President signed into law The Small Business Liability Relief and Brownfields Revitalization Act which provides relief for certain small businesses from liability under the Comprehension Environmental Response, Compensation, and Liability Act of 1980 (CERCLA or “Superfund”). It also amends CERCLA to limit liability concerns for certain private parties engaged in real estate transactions, promote the cleanup and reuse of brownfields, provide financial assistance for brownfields revitalization, enhance State response programs, and for other purposes.
