Amends the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 ("Superfund") to extend the authorization of appropriations to the Hazardous Substance Response Trust Fund ("Response Trust Fund") for five additional years, through FY 1990. Provides that so much of the aggregate amount authorized to be appropriated from FY 1985 through 1989 as has not been appropriated before FY 1990 shall be added to the specified amount authorized to be appropriated for FY 1990.
Makes a conforming amendment extending by five years the period to be covered by the Secretary of the Treasury's annual report to the Congress on the management of the Response Trust Fund.
Extends the authority to collect taxes conferred by such Act through FY 1990.
Amends the Internal Revenue Code to provide for five-year extensions of provisions for an environmental tax on petroleum.
Introduced in Senate
Read twice and referred jointly to the Committees on Finance; Environment and Public Works by unanimous consent.
Committee on Finance requested executive comment from OMB, Environmental Protection Agency, Treasury Department.
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