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Superfund: Information on the Program's Funding and Status

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Report Type Reports and Testimonies
Report Date Oct. 29, 1999
Report No. RCED-00-25
Subject
Summary:

After nearly 20 years and outlays of more than $14 billion, the Superfund program has yet to complete cleanups for 42 percent of the nation's most severely contaminated hazardous waste sites. The Superfund trust fund has been financed primarily by a tax on crude oil and some chemicals, together with an environmental tax on corporations. This report discusses (1) the status of the program's funding and expenditures, including information on the Superfund trust fund so far and the money appropriated from it to federal agencies other than the Environmental Protection Agency for Superfund activities; (2) the costs to responsible parties for all site cleanups and these parties' related transaction costs from 1980 through 1998, categorized before and after December 1995, when the authority for Superfund taxes expired; and (3) the cleanup status of the 640 nonfederal sites on the National Priorities List as of April 1999 and the estimated total and annual costs to finish cleaning them up.

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