EPA To Withdraw All Appropriate Inquiries Rule And Issue New Final Rule

more+
less-

EPA is poised to withdraw the direct final rule it published on August 15, which would have added a new ASTM standard for conducting Phase I Environmental Site Assessments to the list of “all appropriate inquiries” that must be made to afford bona fide prospective purchasers protection from CERCLA liability.

Critics of the rule overwhelmingly said in public comments that the new ASTM standard is superior to the current standard, and that EPA should avoid creating a “two-tier” due diligence market by continuing to accept both standards. Commenters urge EPA to either continue to include only the current standard or to adopt the new standard only.

We will continue to monitor these developments and will report on the replacement rule when it becomes available.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Burr & Forman | Attorney Advertising

Written by:

more+
less-

Burr & Forman on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×